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Podcast 1
Rapaport Launches Diamond Trade’s First Podcast
The Rapaport news team has published its first podcast, featuring lively discussions about developments shaping the diamond and jewelry market.The inaugural episode of In the Loupe went live on Friday under the title...
Marketing Dec 17, 2017 Rapaport News
Rapaport TradeWire December 14, 2017
Research Dec 14, 2017 Rapaport
Rapaport Weekly Market Comment
Diamond markets driven by last-minute Christmas orders and preparationsfor Chinese New Year. US retail sentiment gets boost from economic growth,pending tax cuts and record-high stock market (Dow at 24,666). Cost of creditrising as Fed hikes interest rates 0.25 points based on positive job-market outlook.Polished inventory reduced...
Polished Markets Dec 14, 2017 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Positive sentiment despite sluggish polished trading.Manufacturers maintaining low production until end of the year. Improved meleedemand in 4Q. Rough trading steady, with slightly better margins on the dealermarket, but manufacturing profit squeezed. Round...
Research Dec 14, 2017 Rapaport News
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
It’s been a volatile week for diamond and retail shares, even as major stock indices rose. Shares of Gem Diamonds (-12.5%) fell after the company ended talks over the sale of its Ghaghoo mine....
Financial-Legal Dec 14, 2017 Rapaport News
Rough Diamond Alrosa
Myths Busted: The Truth About Diamonds
Myths about the industry, especially among consumers, are some of the hardest to debunk. Here, leading experts correct some common misconceptions.Myth: Customers are significantly at risk of buying aconflict diamondReality: Perhaps the most pervasive...
Magazine-Industry Dec 14, 2017 Sarah Jordan
Gemfields 150 121417
Gemfields Owner Reduces Staff, Salaries
Colored-gemstone producer Gemfields is taking measures to reduce debt and revive profit growth, following its acquisition by Pallinghurst Resources earlier this year. Gemfields’ debt grew almost fivefold to about $84 million between2014 and July...
Gemstones Dec 14, 2017 Rapaport News
Charming Charlie 150 121417
Charming Charlie Chooses Chapter 11
Houston-based retailer Charming Charlie has voluntarily filed forChapter 11 in a US bankruptcy court to enable it to restructure and reduce itsdebts, it said this week.The company, which focuses on fashion jewelry, handbags,apparel, gifts and beauty products, has suffered...
Retail Dec 14, 2017 Rapaport News
Cutting Wheel
Diamond Midstream Improving Efficiency, Says Bain
Tough market conditions are forcing diamond traders andmanufacturers to adjust their business models amid sluggish consumer demand, accordingto a report by management consultancy Bain & Company. While miners’ sales of rough diamonds to the midstreamleapt...
Manufacturing Dec 13, 2017 Rapaport News
Dvash with Diamond
Israel Takes Its Cut from 813ct. Constellation
Theleaders of Israel’s diamond trade have been trying hard of late to showcase anddevelop the nation’s prowess in cutting larger stones. It was thereforeunsurprising that the Israel Diamond Institute (IDI) proudly announced inNovember that local...
Mining Dec 13, 2017 Joshua Freedman
GSI Debbie Azar
GSI Expands Synthetic-Testing Service
Gemological Science International (GSI) has expanded itsservice for detecting synthetic diamonds in jewelry to Hong Kong, India, NewYork and Dubai. The service is open to manufacturers and retailers that wishto have diamonds as small as melee...
Technology Dec 13, 2017 Rapaport News
Marange Fields 150
Marange Subject to Zimbabwe’s Indigenization Law
The diamond industry will be one of only two sectors towhich Zimbabwe’s “indigenization” law will still apply after a scaling-back of thelaw on black ownership. The government will restrict the Indigenisation and EconomicEmpowerment law, which...
Mining Dec 13, 2017 Rapaport News
ALROSA Diamond Grading
Alrosa Becomes a Certified RJC Member
The Responsible Jewellery Council (RJC) has granted Alrosa certified-memberstatus following an extensive review of the Russian miner’s operations by anexternal assessor.Certified members are companies that have undergoneindependent auditing to confirm that they comply with...
Mining Dec 12, 2017 Rapaport News
De Beers 150 121217
Rough Demand Stable at $450M De Beers Sight
De Beers reported steady demand for rough diamonds at itsDecember sight as sales showed an increase over the equivalent period lastyear. The miner sold $450 million worth of rough in its finalsales cycle of the year, including...
Mining Dec 12, 2017 Rapaport News
Robots 150
India Firm Launches Diamond-Cutting Robot
An Indian company claims to have developed the world’s first diamond-cutting robot powered by artificial intelligence (AI).The machine, called Robomatic, takes care of positioning the diamond for cutting — a job that is currently a manual one despite...
Technology Dec 12, 2017 Rapaport News
Ghaghoo mine Gem Diamonds
Gem Diamonds Ends Talks over Mine Sale
Gem Diamonds has terminated discussions with a potentialbuyer for its Ghaghoo mine in Botswana. The London-based company announced in August that it wasconsidering an offer from an unidentified party. However, those talks did notresult in an agreement, and...
Mining Dec 12, 2017 Rapaport News
Antwerp Beurs Voor Diamanthandel
Belgium’s Diamond Exports See November Growth
Diamond trading in and out of Belgium grew by most key measures in November, according to data the Antwerp World Diamond Centre (AWDC) released last week.Polished-diamond exports jumped 11% year on year to $971 million, the AWDC’s...
Polished Markets Dec 11, 2017 Rapaport News
Alrosa Sale 150
Alrosa Benefits from Rough Market Recovery
Alrosa’s sales spiked in November as the rough-diamondmarket recovered from a downturn it had experienced a year earlier. Sales grew 36% to $334.2 million compared with November2016, when the Indian government’s demonetization policy negatively impactedliquidity and...
Mining Dec 11, 2017 Rapaport News
Rapaport TradeWire December 7, 2017
Research Dec 11, 2017 Rapaport
Female Miner
Diamonds Do Good: Sharing the Wealth
Standing in the entrance to Kiran Hospital in Surat, India, Govindbhai Dholokia beams with pride as he gestures toward the list of donors that made the facility possible. “Everyone here works with their hearts,” says Dholokia,...
Rough Markets Dec 11, 2017 Avi Krawitz
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