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Centurion Unveils 2016 Awards Winners
Centurion Jewelryannounced the winners of the 2016 Centurion Design Awards at an evening eventat the Centurion Scottsdale Show in Arizona. The evening also honoredthe 2016 Showcase Awards, as well as the 2016 Vendors’ Choice Retailer Awards,which...
Marketing Feb 14, 2016 Rapaport News
Gitanjali’s 3Q Revenue, Profit Dip on 20% Drop in Diamond Sales
India-based Gitanjali Gems reported revenue declined 1.5 percent yearon year to $499 million (INR 34 billion) in the third quarter that endedDecember 31 as a slump in diamond sales outweighed an increase in jewelryrevenue.The company sold diamonds worth $120.1...
Retail Feb 14, 2016 Rapaport News
Tara Jewellers
India’s Tara Jewels Reports 13% Sales Rise in 3Q
India-based Tara Jewels reported sales increased13 percent year on year to $83.6 million (INR 5.69 billion) in the thirdquarter that ended December 31. Net profit for the period advanced 2.9 percent to$2.4 million.Sales...
Retail Feb 14, 2016 Rapaport News
Valentine’s Day Jewelry Spending Expected to Fall 8%
The amount consumers in the U.S. will spend onjewelry this Valentine’s Day (February 14) is expected to fall 8 percent year onyear to $4.45 billion, according to the National Retail Federation (NRF). A survey carried out forthe...
Retail Feb 14, 2016 Rapaport News
blue nile logo
Blue Nile to Open Second Webroom in White Plains, NY
BlueNile will open a second ‘Webroom’ at the Westchester Mall in White Plains, NewYork, after launching its first physical display room in June 2015. The companyplans to openfour new Webrooms this year.Development of the secondlocation is underway,...
Retail Feb 14, 2016 Rapaport News
ALROSA Finds 122-Carat Diamond at Jubilee Pipe in Russia
ALROSA recovered a121.96-carat diamonds from its Jubilee kimberlite pipe in Russia. The stone wasextracted by the company’s business unit Aikhal Mining and Processing Division(MPD) at processing plant No.14.The diamond has anoctahedral shape with...
Mining Feb 14, 2016 Rapaport News
AGTA GemFair
AGTA GemFair Tucson 2016 Sees Increased Attendees
The2016 AGTA GemFair Tucson from February 2 to 7 saw a “significant” increase inattending companies, with more buyers using preregistration, the showorganizers said.“This was one of the best shows we’veever had,” said Douglas Hucker, chief...
Marketing Feb 14, 2016 Rapaport News
Rapaport TradeWire February 11, 2016
RAPAPORT NEWS SERVICE | February 11, 2016...
Research Feb 11, 2016 Rapaport
Rapaport Weekly Market Comment
Rounds: Polished trading slows as Chinese buyersvacation over Lunar New Year. Consumer demand slow but steady with concernsthat sluggish global economy and weak stock markets will lead to negativewealth effect. Shortages supporting prices for specific goods which are indemand. Large volume of new...
Polished Markets Feb 11, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
U.S. and European retail stocks had a tough week, with dropsled by Birks Group (-21%), Kohl's (-22%), Damiani (-15.5%) and Charles &Colvard (-14%) as major stock indexes around the world declined. Mining stocksgenerally...
Financial-Legal Feb 11, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Polished trading slowed slightly as Hong Kongand China went on vacation. U.S. demand consistent and supporting the market.Domestic demand cautious with weak rupee (-2.6% to 67.9/$1 in 2016) affectingconfidence and adding to local expenses. IIJS...
Research Feb 11, 2016 Rapaport News
blue nile logo
Blue Nile’s 4Q Sales -5%, Engagement Sales -8%
Blue Nile reported net sales fell 4.8 percent year on yearto $150 million in the fourth quarter that ended January 3 because of continuedweakness in high-ticket purchases and foreign currencies. Selling prices for coreengagement products...
Retail Feb 11, 2016 Rapaport News
Synthetic diamonds
Organized Synthetics
The natural diamond trade should welcome the establishment of the International Grown Diamond Association (IGDA) announced last week even though it may actually serve as a wake-up call for the industry. For years, the...
Polished Markets Feb 11, 2016 Avi Krawitz
Rio Tinto
Rio Tinto’s 2015 Diamond Sales -23% on Lower Rough Prices
Rio Tinto reported diamond revenue slumped 23 percent to$698 million in 2015 as market conditions drove down rough prices. Lower demandfrom India and China, higher rough and polished inventory and lower trademanufacturing margins...
Mining Feb 11, 2016 Rapaport News
Fancy color diamonds
Fancy Color Diamond Prices Rise on Shortages, Strong Holiday Sales
Fancy color diamond prices increased 0.3 percent on average during the fourthquarter of 2015 as better-than-expected holiday sales outweighed sluggish Asiandemand, according to the Fancy Color Diamond Index. Lower supply from diamondproducers have led...
Polished Markets Feb 11, 2016 Rapaport News
Jewelers unBLOCKed
Jewelers unBLOCKed Hires Relationship Executive
Jewelry underwriter JewelersunBLOCKed has appointed Don Saltmarsh as relationship executive to expand thecompany’s program.Saltmarsh, who has 15 years’ experiencein the field, was formerly executive vice president at Cornell Group, a riskmanagement, insurance and human capital...
Financial-Legal Feb 11, 2016 Rapaport News
Antwerp Diamond Trade Fair ADTF
‘Close to 90’ Exhibitors at Antwerp Diamond Trade Fair
Close to 90 exhibitors took part in the Antwerp DiamondTrade Fair (ADTF) in the Belgian city last week amid a “cautious” market,according to the organizers. The number of returning visitors increased, theyclaimed.The organizers claimed the mood was...
Polished Markets Feb 10, 2016 Rapaport News
Fiera Di Vicenza
Italy’s Fiera di Vicenza Mulls Floating on Milan Bourse
The Italian company behind the annual VicenzaOro jewelryshow is considering listing its shares on the Milan Stock Exchange. Fiera di Vicenza’s board of directors told shareholdersit was considering the move at a meeting of investors February 3, according...
Financial-Legal Feb 10, 2016 Rapaport News
Asian Star
Asian Star’s 4Q Revenue -3%, Profit -25%
India-listed Asian Star reported quarterly revenue declined2.6 percent year on year to $101.7 million (INR 6.9 billion) in the threemonths that ended December 31. Profit slumped 25 percent to $2.2 million.Diamond sales slipped 0.5 percent...
Manufacturing Feb 10, 2016 Rapaport News
Pandora Closes 1,422 Unbranded Stores in 2015
Pandora closed 1,422 unbranded stores globally in 2015 andincreased its focus on branded and concept stores, as total revenue for theyear grew 40 percent. The company announced it would increase its annualdividend by 44 percent over 2014...
Retail Feb 10, 2016 Rapaport News
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