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Rapaport TradeWire August 17, 2017
Research Aug 17, 2017 Rapaport
Rapaport Weekly Market Comment
Diamond trading slow ahead of Belgiumand Israel dealers’ return from vacation next week (August 21). Focus shiftingto China, with rising expectations for September Hong Kong Show. ImprovingChinese demand for branded, ethically sourced products as Chow Tai Fooklaunches traceable T Mark collection. US demand steady,...
Polished Markets Aug 17, 2017 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
Polishedtrading slow, with dealers hoping for improvement at the September Hong Kongshow. Steady US and Far East orders for SI-clarity diamonds. VVS weak. Steady manufacturingcontinues to raise polished inventories. Rough demand softening, with...
Research Aug 17, 2017 Rapaport News
Rapaport Diamond Industry Stock Tracker
JCPenney (-30%) recorded the steepest decline out of US retail stocks as the department-store chain reported disappointing results. Birks Group (+21.5%) bucked the wider trend after it announced the sale of Mayor’s Jewelers. Gitanjali Gems (+10%) gained from strong financial results, with Indian industry stocks...
Financial-Legal Aug 17, 2017 Rapaport News
Lucapa Plus 50ct
Lulo Yields Seven Diamonds Over 50ct.
Lucapa Diamond Company has recovered seven stones exceeding 50 carats at its Lulo mine in Angola, including two type IIa gems, the miner announced Thursday.Those two diamonds weigh 83 carats and 68 carats respectively, Lucapa...
Mining Aug 17, 2017 Rapaport News
Neil Lane
Branding Firm Buys Controlling Share in Neil Lane
A New York-based brand-development group has acquired a majority stake in fine jeweler Neil Lane. Authentic Brands Group (ABG) announced the acquisition of the celebrity designer’s namesake brand last week, adding it to a portfolio that already...
Retail Aug 17, 2017 Rapaport News
Ghaghoo Mine
Gem Diamonds Mulls Ghaghoo Sale
Gem Diamonds is considering an offer for its Ghaghoo mine in Botswana after discontinuing the operation earlier in the year due to a slump in prices.“Shareholders are advised that an offer to acquire 100% of the Ghaghoo asset has been...
Mining Aug 17, 2017 Rapaport News
Lab-Grown Diamodn Jewelry
Diamond Foundry Opens Synthetics Store
Diamond Foundry, the San Francisco-based producer of lab-grown diamonds, is launching its first brick-and-mortar store onFriday. The store in the Row DTLA district of LosAngeles will operate under the Vrai & Oro brand, an online...
Retail Aug 17, 2017 Rapaport News
Chow Tai Fook - T-Mark
Chow Tai Fook Unveils Traceable Diamond Brand
Chow Tai Fook has launched a new diamond jewelry brand inscribed with its own “T Mark” to enable customers to track the stones to their source. Each diamond in the T Mark collection — which the Hong Kong-based...
Retail Aug 16, 2017 Rapaport News
Alrosa Mir Mirny mine
Alrosa Output Unaffected by Mine Flood
Alrosa expects to reach its production goal of 39 million carats for 2017, despite a flood that has shut down its Mir deposit in Siberia, the Russian miner said this week.Eight workers are still missing...
Mining Aug 16, 2017 Rapaport News
Sonia Esther Soltani
Rapaport Appoints Sonia Esther Soltani Editor
RAPAPORT PRESSRELEASE, August 16, 2017, Ramat Gan… Rapaport is pleased to announce theappointment of Sonia Esther Soltani as Editor.This role will see Ms Soltani work across print and digital media titles forRapaport. Her responsibilitiesinclude the...
Polished Markets Aug 16, 2017 Rapaport
DPA diamond Hearts on Fire ice cream cone
DPA: US Women Seek Long-Term Value in Diamonds
Most US millennial women view their diamond jewelry as an investment, according to a recent survey that noted a rise in the trend of self-purchasing.The poll, which KRC Research conducted on behalf of the Diamond Producers Association (DPA), found that...
Marketing Aug 16, 2017 Rapaport News
Rapaport Magazine cover August 2017
Rapaport Magazine Redesign
RAPAPORT PRESSRELEASE, August 15, 2017, New York…Rapaport Magazine, the primary source of diamond pricing and jewelry marketinformation, is relaunching after undergoing a comprehensive redesign. The reimagined print magazine has beendeveloped with the needs...
Magazine-Cover Story Aug 15, 2017 Rapaport
Simandou mine
Beny Steinmetz Detained in Fraud Probe
Israeli police arrested diamond magnate Beny Steinmetz onMonday in connection with an investigation into alleged fraud and moneylaundering, according to media reports.Steinmetz was one of a handful of public figures held forquestioning over the alleged crimes,...
Financial-Legal Aug 15, 2017 Rapaport News
Alrosa Mir rescue operation
Alrosa Halts Search for Some of Missing Miners
Dangerous conditions have forced Alrosa to abandon itsrescue efforts in a section of the Mir mine where half of the workers who wentmissing earlier this month are thought to be located, the company said Tuesday.Rescuers cannot descend...
Mining Aug 15, 2017 Rapaport News
Renard Mine
Stornoway Sees Rise in Renard Prices
Stornoway Diamond Corporation earnedrevenues of $33.4 million (CAD 42.6 million) in the second quarter, reporting anincrease in rough-diamond prices at its flagship Renard mine in Canada.Two tenders during the period fetched anaverage of $87 per carat,...
Mining Aug 15, 2017 Rapaport News
Ghanshyam Dholakia Hari Krishna Exports
Four Major Changes in 25 Years of Hari Krishna
Hari Krishna Exports (HKE) has come a long way over the lasttwo-and-a-half decades, and its growth reflects that of India’s diamond tradeas a whole. The manufacturer and polished-diamond supplier, which celebrates its25th anniversary...
Manufacturing Aug 15, 2017 Joshua Freedman
Wang Ning Shenzhen Rough Diamond Exchange
Shenzhen Rough Exchange Chooses Chairman
Members of the Shenzhen Rough DiamondExchange (SRDE) have elected its CEO, Wang Ning, as chairman, the organization announcedlast week.Ning (pictured) will serve a renewable two-year termat the SRDE, a trading platform for diamonds, jade...
Rough Markets Aug 14, 2017 Rapaport News
Engagement ring
US Engagement-Ring Spending Flat at $3.4K
The amount US couples spent on wedding andengagement rings went largely unchanged in the second quarter, according todata The Wedding Report released Sunday.The average outlay on engagement ringsslipped 0.2% to $3,399 in the second quarter, from...
Retail Aug 14, 2017 Rapaport News
Alrosa sorters
Alrosa Sees Summer Drop in Rough Demand
Alrosa sold $293.5 million worth of diamonds inJuly, reporting a fall in demand before the summer vacation period.Rough-diamond sales came to $286.1 million,and polished-diamond sales stood at $7.4 million, the Russian miner said overthe weekend....
Mining Aug 14, 2017 Rapaport News
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