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Liqhobong
Firestone Ups Liqhobong Production Forecast
Firestone Diamonds has raised its production outlook for theLiqhobong mine to 360,000 carats for the fiscal year ending June 30.Operations at the Lesotho-based project, which the company initially predicted would produce 300,000...
Mining Jun 25, 2017 Rapaport News
Rapaport TradeWire June 22, 2017
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Research Jun 23, 2017 Rapaport
Rapaport Weekly Market Comment
Rough market cools slightly as De Beers raises prices an average 2% to3% at $530M June sight. De Beers limiting supply to support prices and alignwith sluggish polished sales. Hong Kong show begins with rising expectationsfor Chinese demand, after Las Vegas demonstrated cautious and changing USmarket. Declining...
Polished Markets Jun 22, 2017 Rapaport News
Rapaport Diamond Industry Stock Tracker
US retail stocks slid this week as Amazon’s takeover of Whole Foods injected panic into the brick-and-mortar sector. JCPenney (-12%), Signet (-6.3%) and Birks Group (-6.2%) suffered the steepest declines. European luxury stocks weathered the economic and political uncertainty, with Kering (+3.9%) leading...
Financial-Legal Jun 22, 2017 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Polished trading relatively quiet, with dealers hoping for a lift at theHong Kong show. Manufacturing levels steady. Suppliers’ inventory levels risingin anticipation of retail program orders for the holiday season. Rough trading softenedafter...
Research Jun 22, 2017 Rapaport News
De Beers Jwaneng truck
De Beers to Invest in Diamond Start-Ups
De Beers is launching an initiative to consider buyingminority stakes in start-ups and rapidly growing companies, the diamondproducer announced Thursday.The operation, De Beers Ventures, will look into makingsmall equity investments in areas such as consumer brands, marketing platforms,security,...
Financial-Legal Jun 22, 2017 Rapaport News
breitling
Swiss Watches Show Signs of Recovery
Swiss watch exports jumped in May amid stronger demand from Chinaand Hong Kong, the Federation of the Swiss Watch Industry reported Thursday. Exports grew 9% to $1.75 billion (CHF 1.7 billion) for themonth, driven...
Watches Jun 22, 2017 Rapaport News
Hong Kong show
Optimism for Hong Kong as Show Begins
The 30th-anniversary edition of the Hong Kong Jewellery& Gem Fair opened Thursday amid an improvement in the local consumer market this year.Sales of jewelry, watches, clocks and other valuable giftsin Hong Kong increased 1.2%...
Polished Markets Jun 22, 2017 Rapaport News
Cartier video commercial The Proposal June 2017
Cartier Releases New ‘The Proposal’ Films
Cartier has followed up on its acclaimed “The Proposal”commercials by publishing two new videos on social media this week. The clips tell two separate stories of couples who meetby accident and — spoiler alert — develop a relationship...
Retail Jun 21, 2017 Rapaport News
Buyers at Gemfields Auction
Battle for Gemfields Heats Up
Pallinghurst Resources has upped the ante in the bidding warfor Gemfields by lowering the number of shareholder acceptances it needs forits offer to acquire the gemstone miner.Pallinghurst dropped the “acceptance condition” to 60% from75% following discussions...
Gemstones Jun 21, 2017 Rapaport News
Christie's emerald New York auction June 2017
Harry Winston Spends $5.5M on Historic Emerald
Harry Winston bought the Rockefeller Emerald for a recordprice per carat at Christie’s New York on Tuesday.The luxury jeweler’s CEO, Nayla Hayek, had instructed chieffinancial officer Robert Scott to “bring this magnificent gem home...
Gemstones Jun 21, 2017 Rapaport News
Gemfields rough emerald 140
Gemfields Reluctantly Bows to Fosun Takeover Bid
Gemfields’ management has recommended shareholders accept a $323.8 million (GBP 256million) takeover offer from China’s Fosun Gold, describing it as a betteroption than an earlier proposal by Pallinghurst Resources.Gemfields’ independent committee still considers the Fosunoffer to be unfair...
Gemstones Jun 20, 2017 Rapaport News
Millennial woman laptop online
Millennials Prefer Offline Shopping
More than half of millennials make most of theirpurchases in physical stores, but young consumers are browsing the internet forinformation before closing the deal, according to a new survey.Some 53% of the generation shops mainly offline,according...
Retail Jun 20, 2017 Rapaport News
Crown of Light Almod
‘Crown of Light’ Brand Hits $100M Milestone
Sales of “Crown of Light” diamonds exceeded $100 million in 2016, hitting the milestone 10 years after brand owner Almod Diamonds launched its manufacturing operations, the company reported Monday.The 90-facet patented cut is one of the...
Manufacturing Jun 20, 2017 Rapaport News
De Beers Namibian rough diamonds
Rough Prices Firm at $530M De Beers Sight
De Beers sold $530 million worth of rough diamonds in June as sightholders continued to complain of shrinking manufacturing marginsand a mismatch between rough and polished prices.The miner lifted prices by an estimated 2% to 3% in certaincategories, sightholders told Rapaport News. Higher...
Rough Markets Jun 20, 2017 Joshua Freedman
Israel Diamond Exchange 140
Israel Bourse Starts Up Innovation Hub
The Israel Diamond Exchange (IDE) is opening a technologyincubator, providing both space and financial support for start-up companies inthe diamond industry, the bourse said Monday.Known as the Diamond Tech Innovation Center, the hub...
Technology Jun 19, 2017 Rapaport News
Lucapa Lulo rough sale June 2017
Wet Season Dampens Lulo Prices
Lucapa Diamond Company garnered $950,000 (AUD 1.25 million) ina sale of rough diamonds from its Lulo alluvial mining project in Angola.The company’s fifth sale of the year fetched $770 per caratfor the 1,236...
Mining Jun 19, 2017 Rapaport News
ruby
Gemfields Sets $55M Auction Record
Gemfields recorded its highest auction total as it sold$54.8 million worth of rubies and corundum in Singapore last week.The sale fetched an average of $61 per carat for895,848 carats, out of just over 1 million carats that were...
Gemstones Jun 19, 2017 Rapaport News
India Arch
India’s Polished Trade Improves in May
India’s polished diamond exports grew 3.7% to $2.05 billionin May, according to data that the nation’s Gem & Jewellery ExportPromotion Council (GJEPC) released recently.By volume, polished exports jumped 12% year on year to 3.4million...
Polished Markets Jun 19, 2017 Rapaport News
Blockchain
Blockchain Verification Being Tested in Singapore
The Singapore Diamond Investment Exchange (SDiX) is testing blockchain technology as a way to authenticate ownership of diamonds, noting the methodology could cut costs and improve efficiency in the industry.Blockchain is a public database of transactions that allowsanyone on the...
Polished Markets Jun 18, 2017 Rapaport News
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