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Israel Diamond Exchange Blue & White Fair
IDE Invites Foreign Visitors to Blue & White Fair
The Israel Diamond Exchange (IDE)is opening up its monthly trading event to foreign buyers to capitalize ondealers’ summer vacations to the country. The bourse is inviting purchasersfrom abroad to attend the Blue & White Fair, a marketplace...
Polished Markets Jul 25, 2016 Rapaport News
Fiera Di Vicenza
Italian Trade Fair Organizers to Combine
Rimini Fiera and Fiera di Vicenza have agreed to merge and named the executives set to lead the combined company.The Italy-based trade-fair organizers approved the documentthat formally marks the beginning of their merger, according...
Polished Markets Jul 25, 2016 Rapaport News
MJSA logo
MJSA Unveils Jewelry Design Initiative
ManufacturingJewelers & Suppliers of America (MJSA) plans to launch a collaborativeeffort to help its members find “inspiration” and “improve” their business withthe help of a jewelry designer community.The MJSADesigner Collaborative, which will start August 1, will include...
Manufacturing Jul 25, 2016 Rapaport News
Finsch Mine
Petra Sales Rise Despite Depressed Prices
Petra Diamonds’ revenue climbed in fiscal year 2016 as increasedsales by volume outweighed a drop in rough prices.Revenue rose 1.4 percent to $430.9 million in the 12 monthsthat ended June 30, Petra reported. Diamond sales by weight jumped 8.8...
Mining Jul 25, 2016 Rapaport News
small ice road
De Beers Selling Unprofitable Snap Lake Mine
De Beers has put the Snap Lake diamond mine in Canada up for sale after operations were suspended in December, Reuters reported.The miner has hired Bank of Montreal to market the mine inthe Northwest Territories, the...
Mining Jul 24, 2016 Rapaport News
Pippa Middleton
Pippa Middleton Ring Spurs Asscher Cut Craze
Asscher-cut diamonds have soared in popularity since PippaMiddleton received an engagement ring with the fancy shape, according to 77Diamonds.Middleton, the Duchess of Cambridge’s younger sister (pictured), gotengaged to hedge fund manager James Matthews over the...
Polished Markets Jul 24, 2016 Rapaport News
Stephane Fischler
Fischler Elected VP of World Diamond Council
The World Diamond Council’s (WDC) board named Stephane Fischleras its vice-president (VP), meaning he will succeed Andrey Polyakov aspresident in 2018.Fischler (pictured), a partner in Fischler Diamonds and president ofthe Antwerp World Diamond Centre,...
Polished Markets Jul 24, 2016 Rapaport News
Kitso Mokaila
Botswana Beneficiation Still Viable, Says Minister
Diamond beneficiation is still a viable project in Botswanaeven as global market conditions have slowed the nation’s trade, Kitso Mokaila, the Minister of Minerals, Energy and WaterResources, assured parliament.The downturn in the global diamond market hit...
Rough Markets Jul 24, 2016 Rapaport News
Swiss Watch Exports Continue to Slide
Swiss watch exports in June suffered their steepest decline this year as outbound shipments of precious-metal timepieces slumped and orders from Hong Kong dived.Exports fell 16 percent to $1.66billion (CHF 1.64 billion) with shipments of precious-metal...
Watches Jul 24, 2016 Rapaport News
Rapaport TradeWire July 21, 2016
RAPAPORT NEWS SERVICE | July 21, 2016...
Research Jul 21, 2016 Rapaport
Rapaport Weekly Market Comment
Marketsweak during summer trading lull. Dealers frustrated by sluggish demand, risinginventory and tight profit. Rough market quiet with lower premiums duringALROSA sale. De Beers 1H production -15% to 13.3M cts., sales +29% to 17.2Mcts., prices -14% to $177/ct. ALROSA1H production -16% to 16.9M cts., sales +21% to 21.7M...
Polished Markets Jul 21, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
While most of the major indices rose, diamond and jewelrycompanies had a mixed week on the stock markets. Gains were led by FirestoneDiamonds (+19.3%) and Stornoway Diamonds (+17.5%), as both are nearing firstproduction at their respective...
Financial-Legal Jul 21, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Some U.S. and Chinese buyers in Mumbai looking for bargains but trading slow and sentiment weak. Quiet market expected through August. Low expectations for Mumbai show (August 4 to 8) with gold jewelry demand...
Research Jul 21, 2016 Rapaport News
Harry Winston Store
Harry Winston Shines as Swatch Has a Tough Time
Swatch Group reported profit plunged in the first half of 2016 with the Harry Winston jewelry brand outperforming the company’s famed watch brands. Net income slumped 52 percent to $266.5 million (CHF 263 million)...
Watches Jul 21, 2016 Rapaport News
India’s Bluestone Raises $30M to Fund Expansion
Bluestone closed a $30 million (INR 2 billion) round of fundraising to strengthen its position in India’s online jewelry market. The funds will be used to expand the company's design and manufacturing capacity, and for marketing initiatives....
Retail Jul 21, 2016 Rapaport News
ALROSA's Udachniy mine
ALROSA’s Second-Quarter Sales Buoyant
ALROSA’s rough diamond sales surged in the second quarter driven by a higher volume of gem-quality goods. Revenue climbed to at least $1.2 billion , the Russian miner said, up 19 percent from the value reported a year earlier. Sales...
Rough Markets Jul 21, 2016 Rapaport News
Antwerp Flag
CARAT+ Fair Postponed to May
Antwerp’s newest diamond fair will take place in May rather than February as initially planned. Organizers said the rescheduled dates provide better opportunities for Chinese visitors to attend and are more suitable for...
Polished Markets Jul 21, 2016 Rapaport News
Israel Diamond Exchange
Israel’s Diamond Trade Slides amid Weak Sentiment
Israel’s polished diamond exports slumped in the first half as sentiment weakened among traders. Outbound shipments dropped 14 percent from the previous year to $2.61 billion, government data showed. Exports to the U.S., Israel’s largest...
Polished Markets Jul 21, 2016 Rapaport News
Firestone Diamonds Plans First Sale in January
Firestone Diamonds said it expects to host its first sale of rough in January as construction at the Liqhobong mine in Lesotho continues ahead of schedule. Development of the mine was 85 percent complete at the end of June, ahead of a revised target...
Mining Jul 20, 2016 Rapaport News
Kimberley Treasure Rio Tinto Argyle coin
Tiara Gems Buys Million-Dollar Kimberley Treasure
Rio Tinto sold its Kimberley Treasure gold and diamond coin to Tiara Gems and Jewellery, a Dubai-based company specializing in rare fancy color diamonds and collectibles. The “million-dollar coin,” which is made up of one kilogram...
Polished Markets Jul 20, 2016 Rapaport News
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