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Argyle Mine Processing Center
Rio Tinto Cuts Diamond Production Outlook
Rio Tinto lowered the top end of its diamond outputguidance for this year even as production increased in the third quarter.The miner expects to produce between 18million and 20 million carats, compared with an earlier forecast...
Mining Oct 20, 2016 Rapaport News
Diavik Mine
Diavik Output Rises 22% as Volume, Grades Climb
Diamond production from the Diavik mine in Canadajumped 22 percent in the third quarter as processing volumes and recoveredgrades both increased, Dominion Diamond Corporation reported.Output rose to 1.54 million carats in thethree months that ended September...
Mining Oct 20, 2016 Rapaport News
Stornoway Launches Renard Mine in Quebec
Stornoway Diamond Corporation said the Renard Diamond Minein Canada officially opened at a ceremony held Wednesday after two decades ofdevelopment.The launch “marks the culmination of approximately 20 yearsof work to bring the Renard project from...
Mining Oct 20, 2016 Rapaport News
ALROSA International Underground Mine
ALROSA’s Rough Diamond Sales Jump 73%
ALROSA’s sales grew by more than half in terms of value andvolume in the third quarter, the Russian miner said in a preliminary tradingupdate.Rough diamond revenue climbed to "at least" $976 million inthe three months that ended...
Mining Oct 20, 2016 Rapaport News
Ahmed Bin Sulayem
KP Proposes UN-Mandated Permanent Secretariat
The Kimberley Process (KP) chair called forthe establishment of a permanent secretariat to oversee the rehabilitation ofnations that have been banned from exporting diamonds.The proposal will be part of the agenda atthe KP plenary in Dubai from...
Fair Trade Oct 19, 2016 Rapaport News
Rough Diamonds
Botswana Diamonds Starts Drilling at Orapa Pipe
Botswana Diamonds saiddrilling commenced at one of its kimberlite pipes in the Orapa region ofBotswana.The drillingstarted at pipe AK 22, within license PL 260, which is part of a 50:50joint venture between the company and Russian miner ALROSA. Botswana...
Mining Oct 19, 2016 Rapaport News
Lace mine
DiamondCorp Up for Sale or Merger
DiamondCorp opened itself to a merger or takeover aftersaying the London-based company urgently needs about $615,623(GBP 500,000) to address immediate funding requirements.The board said the company should conduct a strategic reviewwhile continuing discussions to secure funding....
Mining Oct 19, 2016 Rapaport News
Chow Tai Fook
Chow Tai Fook Sales Plummet 33%
Hong Kong-based Chow Tai Fook said revenue slumped in thesecond fiscal quarter from a high base last year.Retail sales dived 33 percent in Hong Kong and Macau andfell 17 percent in Mainland China in the three months...
Retail Oct 19, 2016 Rapaport News
Poly Auction October 2016
Poly Auction Sells Two Diamonds for $10.6M
Hong Kong-based Poly Auction sold twodiamonds for $5.3 million (HKD 41.3 million) each at its Important Jewels sale.The loose diamonds, one weighing 30.19carats and the other 30.53 carats, both had D color...
Retail Oct 18, 2016 Rapaport News
Stephen Webster
Stephen Webster to Design Hearts On Fire Jewelry
Chow Tai Fook-owned diamond jewelry brand Hearts On Fire announcedit is collaborating with famed London-based designer Stephen Webster (pictured).The partnership marks the first time Hearts On Fire has collaborated with a designerin this way....
Retail Oct 18, 2016 Rapaport News
Pandora Eyes China Breakthrough via Online Entry
Pandora has launched on Alibaba’s ecommerce platformTmall.com, as the Denmark-based jeweler aims to break into the Chinese market.Internet retailing, which grew 53 percent last year, is gainingtraction in China because of faster internet, improved payment security andincreasing...
Retail Oct 18, 2016 Rapaport News
GIA 5ct undisclosed synthetic
GIA Spots Undisclosed 5ct. Synthetic Diamond
The Gemological Institute of America (GIA) reported the“largest” CVD synthetic diamond it has examined to date, after the stone wassubmitted for grading without notification of its lab-grown origin.The cushion modified brilliant, 5.19-carat diamond withJ-equivalent...
Technology Oct 18, 2016 Rapaport News
Rapaport TradeWire October 13, 2016
RAPAPORT NEWS SERVICE | October 13, 2016...
Research Oct 13, 2016 Rapaport
Rapaport Weekly Market Comment
Trading centers quietover Jewish holidays. U.S. stable with good demand for H-K, SI-I1’s beforeChristmas selling season. Indian buyers looking for deals with risingexpectations for Diwali sales after good monsoon season and lower rupee goldprices (-5%). LVMH 3Q jewelry & watch revenue...
Polished Markets Oct 13, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
LVMH (+4.8%) gained this past week on strong sales results,with other Europe-based luxury stocks such as Swatch Group (+7.5%) andRichemont (+7.3%) also strengthening. Gemfields (-7.1%) was the weakestperformer of the listed miners, many...
Financial-Legal Oct 13, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Market slow with dealers already in festive mode after auspicious Dussehra holiday on Tuesday (Oct. 11). Very few foreign buyers in Mumbai during Jewish holiday period. Polished inventory rising ahead of Diwali break (Nov....
Research Oct 13, 2016 Rapaport News
bulgari lvmh
LVMH Watch & Jewelry Sales Rise
LVMH Moët Hennessy Louis Vuitton reported revenue fromwatches and jewelry increased in the first nine months of the year as its iconicBulgari jewelry brand gained market share.Sales rose 3 percent to $2.74 billion (EUR 2.49...
Retail Oct 13, 2016 Rapaport News
Lulo Lucapa 173ct
Lulo Mine Production Hits Record Levels
Lucapa Diamond Company said production from its Lulo mine inAngola reached its highest point yet for both total output and average size in the thirdquarter.The alluvial mine yielded 8,853carats in the three...
Mining Oct 13, 2016 Rapaport News
Belgium’s Rough Trade Jumps
Belgium’s rough trading leapt in September as shipments ofuncut diamonds continued to outperform polished.Rough exports soared 61 percent to $1.42 billion and roughimports surged 39 percent to $1.21 billion, the Antwerp World Diamond Centrereported. By volume, rough exports...
Mining Oct 13, 2016 Rapaport News
Sotheby's Sky Blue Diamond
Sotheby's Expects $3M/ct. for Cartier Blue Diamond
A blue diamond ring will go under the hammer in Geneva nextmonth with an estimated price tag of $15 million to $25 million, or up to $3.1 million per carat.The square emerald-cut, 8.01-carat, fancy vivid bluediamond, named the ‘Sky...
Retail Oct 13, 2016 Rapaport News
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