Diamond stocks Articles

Bonhams Gets New Jewelry Director

Oct 16, 2018 / Rapaport News

RAPAPORT... Bonhams has appointed Brett O'Connor as senior internationaljewelry director and senior vice president of its US operations, the auction house saidTuesday. O'Connor makes the move after 16 years at Sotheby's Geneva,where he was one of the lead auctioneers for the company's major jewelry salesin Geneva, Hong Kong, London and New York. He was also responsible for globalsourcing of j...Read More

Production Falls in Rio Tinto's Third Quarter

Oct 16, 2018 / Rapaport News

RAPAPORT... Recovery of lower-grade ore at Rio Tinto's Argyle and Diavikmines led to a 17% drop in production in the third quarter.Output came to 4.9 million carats for the three monthsending September 30, the company said Tuesday. The Argyle asset in Australiayielded 3.8 million carats, plummeting 19% over the same period last year. Lastyear, Rio Tinto's production was enhanced by the proces...Read More

CIBJO Congress Opens In Colombia, Strong Focus On Responsible Sourcing

October 16, 18 / Albert Robinson

(IDEX Online) - The 2018 CIBJO Congress opened yesterday (Monday) in the Colombian capital of Bogot, with a strong focus on responsible sourcing in the jewelry industry.   This included the introduction of a Responsible Sourcing Guidance document, which will serve as a reference for responsible sourcing practices developed and applied by industry organizations and commercial bodies worldwide...Read More

De Beers Reports Lower Sight Sale At $475M As Rupee Decline Impacts

October 16, 18 / Albert Robinson

(IDEX Online) - De Beers sold rough diamonds with a provisional value of $475 million in the eighth sales cycle (Global Sightholder Sales and Auction Sales) of 2018.   The sales figure is the lowest sales figure reported by the miner so far this year which have all been above the $500 million mark.   The miner reported confirmed sales of $503 million in the seventh cycle, compared with a...Read More

Rio Tinto Posts Reduced Output At Argyle and Diavik Mines In Q3

October 16, 18 / Albert Robinson

(IDEX Online) - Rio Tinto reported that production was 19% lower on the year in the third quarter at its Argyle mine in Australia.                                             &nbs...Read More

Christie's To Present A Diamond Affair For Private Sales to Collectors

October 16, 18 / Staff Reporter

(IDEX Online) - Christie's Private Sales will present A Diamond Affair from October 29-31, showcasing an array of exceptional diamond jewels and unmounted gems.   The items range from a 100-carat diamond tiara to a rare blue diamond, the auctioneer said.   The jewels will be displayed alongside original artwork by John McLusky, a leading graphic artist who serialized Ian Fleming's James...Read More

De Beers reports steady demand for its rough diamonds 

16th October 2018 / Marleny Arnoldi     

Diamond miner De Beers Group on Tuesday announced that it had sold $475-million worth of rough diamonds during the eighth sales cycle of this year.This is lower than the $503-million worth of diamonds sold in the seventh cycle of the year, but higher than the $376-million worth of diamonds sold in the eighth cycle of 2017.AdvertisementThe sales are based on global sightholder sales and auction sa...Read More

Gem Diamonds Recovers 357ct. Rough

Oct 15, 2018 / Rapaport News

RAPAPORT... Gem Diamonds has unearthed a 357-carat diamond at its Letengmine in Lesotho, it said in a Twitter post Monday. The light-brown stone, which the miner said is of "highquality," is the 13th rough diamond over 100 carats the company has found thisyear. It's the second-largest it has recovered in 2018, after the 910-caratLesotho Legend it found in January. That stone - which the comp...Read More

CIBJO Urges Better Control of Gemstone Shipments

Oct 15, 2018 / Rapaport News

RAPAPORT... Countries should designate locations where colored gemstonesenter the market in a bid to ensure the integrity of the industry's supplychain, according to World Jewellery Confederation (CIBJO) president GaetanoCavalieri. Cavalieri called for the introduction of monitored"chokepoints" - places at which goods pass during shipping. The system wouldbenefit governments by creating legal...Read More

SA Birth Launches New Store and Brand

Oct 15, 2018 / Rapaport News

RAPAPORT... The Uchihara Group will open a store in Ginza, Japan, and launch a new brand of jewelry at more affordable pricesthan its signature SA Birth collection. The new line - SA Birth Ginza -is a reinvented version of the original brand, which is sourced from southernAfrican countries, including Botswana, South Africa and Lesotho, the companysaid Monday. Uchihara will launch the label when i...Read More

RapNet Launches New Trade Center

Oct 15, 2018 / Rapaport

RAPNET PRESS RELEASE, October 15, 2018, Las Vegas... RapNet, theworld's leading diamond trading network, is proud to announce the launch of theRapNet Trade Center. This marks a major strategic development for RapNet by providing memberswith an efficient, secure and intuitive system to trade diamonds in a smartertrading environment. TheRapNet Trade Center offers members a suite of tools to manage...Read More

Pandora Stock Soars Amid Takeover Rumors

Oct 15, 2018 / Rapaport News

RAPAPORT... Shares in Pandora spiked late last week followingspeculation the company had hired an adviser to negotiate a possible buyout. The jeweler has called on Rothschildfor guidance on how to handle potential buyers, according to a Danish-languagereport on news site Inside Business. Its stock price rose 7% on Thursday and afurther 9% Friday. "As a general principle, we do not comment on...Read More

CIBJO Urges Better Control of Gemstone Supply

Oct 15, 2018 / Rapaport News

RAPAPORT... Countries should designate locations where colored gemstonesenter the market in a bid to ensure the integrity of the industry's supplychain, according to the World Jewellery Confederation (CIBJO). CIBJO president Gaetano Cavalieri called for the introduction of monitored"chokepoints" - places at which goods pass during shipping. The system wouldbenefit governments by creating lega...Read More

Japan Jeweler Debuts Ginza Store and Brand

Oct 15, 2018 / Rapaport News

RAPAPORT... The Uchihara Group will open a store in Ginza, Japan, and launch a new brand of jewelry at more affordable pricesthan its signature SA Birth collection. The new line - SA Birth Ginza -is a reinvented version of the original brand, which is sourced from southernAfrican countries, including Botswana, South Africa and Lesotho, the companysaid Monday. Uchihara will launch the label when i...Read More

World Emerald Symposium Focuses on Responsible Sourcing and Sustainability

October 15, 18 / Albert Robinson

(IDEX Online) - The Second World Emerald Symposium closed on October 14 in Bogota, Colombia, after three days of discussions on a variety of issues and challenges facing the emerald industry along with informative talks on small-scale and industrial mining, geology, gemology, origin, treatments, jewelry and more.   For many of the speakers, the major and recurrent theme focused on the need f...Read More

Bonhams Appoints Sotheby's Auctioneer to New York Office

October 15, 18 / Staff Reporter

(IDEX Online) - International auction house Bonhams has appointed Brett O'Connor as Senior International Jewellery Director and Senior Vice President, US. O'Connor will also join the US Executive Team.   O'Connor takes up his new position at the start of November based in Bonhams' New York office.   O'Connor is a globally renowned auctioneer and leading senior specialist in the jewe...Read More

Lack of Marketing Hits Michael Hill

Oct 14, 2018 / Rapaport News

RAPAPORT... Michael Hill's sales fell 9% in the first fiscal quarter asthe retailer underestimated how much marketing it needed for its strategicshift away from discounting, the company said. Group revenue fell to AUD 112.1 million ($79.7 million), the jeweler reported Friday. While the Australia-based retailerbelieves the new approach will strengthen brand loyalty and raise the value ofits produ...Read More

Alrosa's New York Auction Yields $8M

Oct 14, 2018 / Rapaport News

RAPAPORT... Alrosa sold $7.9 million worth of rough at a large-stoneauction in New York, the Russian miner said Friday. More than 90% of the diamonds on offer - each over 10.8carats - found a buyer at the auction from September 17 to October 5, thecompany noted. A total of 1,300 carats, including a 108-carat white diamond anda 98-carat white diamond with yellow shading, fetched a combined average...Read More

Financial Groups Pledge $125M to Botswana Trade

Oct 14, 2018 / Rapaport News

RAPAPORT... Three financial institutions have agreed to guarantee a $125million loan to Botswana's diamond-manufacturing industry to strengthen thenation's economic growth.The US government's Overseas PrivateInvestment Corporation (OPIC) has partnered with Botswana Finance - a subsidiary of diamond-manufacturingcompany Lazare Kaplan International (LKI)  - and Stanbic Bank to provide the loan....Read More

CIBJO President Cavalieri: Create Government-Monitored Chokepoints

October 14, 18 / Albert Robinson

(IDEX Online) - CIBJO President Gaetano Cavalieri has called for the creation of government monitored chokepoints for the colored gemstone sector, at which it will be possible to verify the integrity of merchandise accessing the chain of distribution, similar to national Kimberley Process Authorities that verify the identity of rough diamonds entering the global pipeline.   He was speaking a...Read More