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Rapaport TradeWire September 22, 2016
RAPAPORT NEWS SERVICE | September 22, 2016...
Research Sep 22, 2016 Rapaport
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
Mining companies led gains among diamond and jewelrycompanies listed on the financial markets this week. Anglo American (+14%) enjoyedthe sharpest increase after Barclays upgraded its rating on the stock andsubsidiary De Beers opened...
Financial-Legal Sep 22, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Stable market with steady U.S. demand. Chinese demand improving but Far East still cautious after Hong Kong show. Melee weak with pockets of better demand in +8 segment. Cushions and ovals steady, square...
Research Sep 22, 2016 Rapaport News
Rapaport Weekly Market Comment
Sentiment improves at Hong Kong show (7/10) with steadytraffic but restrained buying ahead of National Day festival (Oct. 1). Gooddemand for 0.30 to 2 ct., G-J, VS-SI diamonds but sales were limitedas suppliers refused very deep discounts. 3 to 4 ct. weak. Mixed demand for 5ct.-plus. Picky...
Rough Markets Sep 22, 2016 Rapaport News
HK Show Sept 2016
Hong Kong Show Keeps Holiday Hopes Alive
Last week’s Hong Kong Jewellery & Gem Fair set an improved tone for the diamond market despite challenging conditions in the Far East. Overall, it should be considered a good show as dealer trading picked up after...
Polished Markets Sep 22, 2016 Avi Krawitz
ALROSA's Udachniy mine
ALROSA Sales Soar in Seasonally Slower August
ALROSA sold $243 million worth of rough diamonds amid stable market conditions in a seasonally weak August, the Russian miner said as it reported for the first time its monthly sales data.The sale represents a 58 percent...
Rough Markets Sep 22, 2016 Rapaport News
Jewelry Prices
U.S. Jewelry Store Sales Slide
U.S. specialty jewelry store sales fell in July in line with declines reported by the major U.S. jewelers during the second quarter. Sales fell 2.2 percent to $2.1 billion across outlets selling only jewelry...
Retail Sep 22, 2016 Rapaport News
Fancy Intense Blue Diamond
Color Diamonds Buoyant at Bonhams Auction
A rare fancy intense blue diamond topped Bonhams London sale this week as the auction house reported a strong overall performance from its diamond offering. The auction totaled $8.4 million (GBP 6.4 million),...
Polished Markets Sep 22, 2016 Rapaport News
synthetic diamonds
AG&J Unveils Synthetic Detection Technique
Analytical Gemology & Jewelry (AG&J) has applied to patent a method for detecting synthetic diamonds that it claims is more efficient than existing techniques.The method identifies stones that luminesce, or give off light, when exposed...
Research Sep 22, 2016 Rapaport News
ALROSA to Sell Synthetic Detection Equipment
ALROSA partnered with a Russian federal institutionto produce synthetic-detection devices, which the miner intends to startselling next year.The contraptions sift out polished diamondsthat originate from lab-grown or treated stones or from simulants such as cubiczirconia...
Mining Sep 21, 2016 Rapaport News
Bharat Diamond Bourse
India’s Polished Exports Rise in August
India’s polished diamond exports jumped 11 percent to $1.94 billion in August, according to provisional data provided by the Gem & Jewellery Export Promotion Council. By volume, polished exports increased 1.4 percent to 2.87 million carats.Polished imports...
Polished Markets Sep 21, 2016 Rapaport News
Gitanjali’s Sales and Profit Jump
Gitanjali Gems’ revenue and profit soaredin the first fiscal quarter as higher jewelry sales outweighed a dip in diamondrevenue.Group sales on a consolidated basis grew 30percent to $553.5 million (INR 37.1 billion) in the three months that...
Retail Sep 21, 2016 Rapaport News
Lucapa Lulo 104ct. rough diamond
Lucapa Finds 104ct. Diamond at Lulo Mine
Lucapa Diamond Company recovered a 104-carat, D-colordiamond at its Lulo mine in Angola.The type-IIa stone is the fourth rough diamond above 100carats extracted from the deposit this year and the fifth since operationsbegan. The...
Mining Sep 21, 2016 Rapaport News
Gahcho Kue
De Beers Opens 54M Ct. Gahcho Kué Mine
De Beers announced the launch of its largest mine outsidesouthern Africa, as Gahcho Kué opened Tuesday, 22 years after kimberlite wasfirst discovered at the site in Canada.The mine, a joint venture between De Beers and MountainProvince Diamonds, is the...
Mining Sep 21, 2016 Rapaport News
Peter Macken HRD Antwerp
HRD Antwerp Parts Company with CEO Macken
HRD Antwerp terminated its contract with chiefexecutive officer Peter Macken after less than 18 months because of“differing strategic views.”The grading laboratory’s board appointedAri Epstein, CEO of the Antwerp World Diamond Centre, as its...
Polished Markets Sep 20, 2016 Rapaport News
India Arch
Asian Star Revenue Lifted by Steady Diamond Sales
Asian Star’s revenue increased in the first fiscal quarter, theMumbai-based diamond manufacturer reported. Profit, however, declined.Total sales on a consolidated basis grew 2.7 percent to$127.6 million (INR 8.55 billion) in the three months that...
Manufacturing Sep 20, 2016 Rapaport News
Swiss Watch Exports Extend Decline
Swiss watch exports slumped in August, weighed down by acontinued decline in shipments of high-end timepieces.Total outbound exports fell 9 percent to $1.38 billion (CHF1.35 billion) mostly due to a 26 percent slide in exports of precious-metaltimepieces, according to the Federation of the...
Watches Sep 20, 2016 Rapaport News
NDT 10.07 carat synthetic diamond
NDT Produces Biggest Synthetic Blue Diamond
New Diamond Technology (NDT) unveiled a 10.07-carat lab-growndiamond that it claims is the world’s largest polished blue synthetic diamond.The emerald-cut, fancy deep blue, SI1 stone was graded bythe International Gemological Institute (IGI) in Antwerp...
Technology Sep 20, 2016 Rapaport News
Rami Baron
Young Diamantaires Draw Strong Crowd in HK
The World Federation of Diamond Bourses'(WFDB) Young Diamantaires group said turnout exceeded expectations at itsinaugural meeting in Hong Kong.The gathering on September 15 was heldduring the Hong Kong Jewellery & Gem Fair and was broadcast...
Polished Markets Sep 19, 2016 Rapaport News
Kimberley Mine Petra Ekapa
Petra Profit Rises on Lower Costs
Petra Diamonds’ profit jumped in the past fiscal year asimproved efficiencies and cost controls offset weaker rough diamond prices.Group net profit after tax increased 12 percent to $66.8million in the year that ended June...
Mining Sep 19, 2016 Rapaport News
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