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Steven Cipolla MJSA
MJSA Names New Chair
Manufacturing Jewelers & Suppliers of America (MJSA)elected Steven Cipolla as its chair of the board, the U.S. trade body said. Hesucceeds Ann Arnold, who has been appointed chair of the MJSA EducationFoundation.Cipolla (pictured) is president...
Manufacturing Dec 05, 2016 Rapaport News
Alluvial Mining Rough
Cameroon Enabling CAR Conflict Diamonds: NGO
Conflict diamonds from the Central African Republic (CAR) are entering the supply chain because of poor prevention controls, non-governmental group Partnership Africa Canada (PAC) alleged.Rough stones are being smuggled across the...
Rough Markets Dec 05, 2016 Rapaport News
Bonhams diamond auction December 2016
Diamonds Shine in Bonhams London Auction
Bonhams sold $8.6 million (GBP 6.8 million) worth of jewelryat an auction in London as the most expensive diamond lot went under the hammerfor $79,000 per carat.The pear-shape, 12.08-carats, D-color, VVS1-clarity diamondring sold to a telephone...
Retail Dec 05, 2016 Rapaport News
Diamond ring
Polished Prices Bottoming Out, Says ABN AMRO
ABN AMRO forecast polished diamond prices will increase nextyear as it expects improved economic conditions to boost U.S. and Chinese demand.U.S. jewelry consumptionwill grow amid a stronger labor market and rising housing prices, the...
Polished Markets Dec 05, 2016 Rapaport News
Dione Kenyon
Former JBT Chief Chosen as GIA Chair
The Gemological Institute of America (GIA) elected industryveteran Dione Kenyon as chair of its board of governors.Kenyon (pictured), who recently retired as president and chiefexecutive officer of the Jewelers Board of Trade, will take over the role...
Polished Markets Dec 04, 2016 Rapaport News
Rough emerald
India Cash Crunch Stalls Gemfields Auction
Gemfields has pushed back a sale of higher-qualityemeralds by two months to enable Indian buyers to adapt to the government’s decisionto invalidate higher-value currency notes. The auction of stones from the Kagem mine in Zambia will nowtake place...
Gemstones Dec 04, 2016 Rapaport News
Grib mine Lukoil
Grib Diamond Mine Sold for $1.5B
Lukoil has agreed to sell its Grib diamond project toRussian investment group Otkritie Holding. The $1.45 billion cash deal is expected to close in the firstquarter of 2017 following government approval, the companies announced Friday.“Spinning...
Mining Dec 04, 2016 Rapaport News
Rapaport TradeWire December 1, 2016
RAPAPORT NEWS SERVICE | December 1, 2016...
Research Dec 01, 2016 Rapaport
Rapaport Weekly Market Comment
Holiday season beginswith optimism as stock markets hit record high on Black Friday. Foot traffic flat,average spend -3% to $289 over Thanksgiving weekend, reports NRF. Millennialshift to online purchases continues with Cyber Monday sales +13% to $3.5B, accordingto Adobe Digital Insights. Polished marketstable with buying...
Polished Markets Dec 01, 2016 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Polished trading quiet with dealers very cautious after rupee currency cancellation. Domestic demand slow. Opportunistic foreign buyers looking for bargains during liquidity crunch. Larger manufacturers with legitimate invoicing relatively unaffected...
Research Dec 01, 2016 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
After the U.S. market hit a record on Black Friday, retail stocks fell as early holiday sales data pointed to a shift away from physical stores to online shopping. Charles & Colvard (-11.4%), Macy's (-6%) and...
Financial-Legal Dec 01, 2016 Rapaport News
Lesedi La Rona Sotheby's
Lucara Sees More Lucrative Mining in 2017
Lucara Diamond Corp. is shifting operations to a higher-value part of the Karowe mine in Botswana which it believes will enable an increase in dividend payments next year. The miner anticipates increasing the payout to $0.07 (CAD 0.10) per...
Mining Dec 01, 2016 Rapaport News
James Campbell, CEO, Rockwell Diamonds
Former Rockwell CEO Joins Botswana Diamonds
Botswana Diamonds appointed former Rockwell Diamonds chiefexecutive officer James Campbell as its managing director, effectiveimmediately.Campbell wasformerly a managing director of African Diamonds, where he was closelyinvolved in the discovery of the Karowe mine in Botswana before it was...
Mining Dec 01, 2016 Rapaport News
Auction Icon
Jewelry Connoisseur
Like a diamond in the sky...stars shimmering in diamonds are as beautiful as the celestial sphere. These heavenly jewels light up a jewelry wardrobe with their special meaning of luck and their inspirational message to follow your star and...
Magazine-Style Dec 01, 2016 Amber Michelle
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Designer Lines
Looking for a talisman of protection fromvampires and other foes?Look no further than the Scaccia Diavolocollection by Liv Ballard.“The Scaccia Diavolo bracelet was inspired by the dawning realization in my life that there were a lot of vampires hanging...
Magazine-Style Dec 01, 2016 Amber Michelle
Alrosa sorter
ALROSA Tests Small Rough at Vladivostok
ALROSA garnered $5 million from its second sale of roughdiamonds at the recently opened Eurasian Diamond Centre (EDC) in Vladivostok.Held from November 21 to 25, the sale featured average andsmaller-sized goods, including industrial diamonds, the Russian...
Mining Dec 01, 2016 Rapaport News
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Pearls of Modernity
Pearls and diamonds have always been a duet that is the epitome of understated chic. Diamonds enhance the luminous luster of pearls while pearls — with their soft demeanor — heighten the sparkle of diamonds. Pearls and...
Magazine-Style Dec 01, 2016 Amber Michelle
Golconda Magic
The Rani Mahal, Golconda Fort, India. Photo: Bernard Gagnon, Wikimedia. The preeminent gemstone of ancient India was the diamond, notes Richard W. Wise in his newly revised second edition of Secrets of The Gem Trade: The Connoisseur’s Guide to Precious Gemstones. In Indian texts, diamonds are mentioned...
Magazine-Legacy Dec 01, 2016 Phyllis Schiller
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Myanmar Rubies Return to U.S.
A piece of ruby rough. The relationship between Myanmar — formerly known as Burma — and the gem industry in the U.S. is beginning again in a great spirit of cooperation and collaboration. Sanctions against the import of Myanmar ruby and...
Magazine-Colored Gemstones Dec 01, 2016 Sheryl Jones
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Will the Holidays Be Merry?
Alishaev Brothers The 4Cs are not the only things that make a piece of diamond jewelry a sales winner. In an ongoing series, Rapaport Magazine explores the “3Ws” — what’s selling, what’s not and why — by going...
Magazine-Retail Dec 01, 2016 Phyllis Schiller
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