Diamond stocks Articles

Engagement-Ring Demand Drops in 2018 - Survey

Feb 13, 2019 / Rapaport News

RAPAPORT... Fewer US consumers bought jewelry for their wedding in 2018, while the number of couples opting for an engagementring also dropped, according to The Wedding Report. The proportion of couples that bought an engagement ring when getting married fell 1.1% in 2018, with 87% purchasing one, according to a survey by the market-research company. Demand for women's wedding bands also decl...Read More

Gbelin Testing Nano-Tracking for Diamonds

Feb 13, 2019 / Joshua Freedman

RAPAPORT... Gbelin Gem Lab is studying how it can place microscopiclabels on diamonds to track them through the supply chain. The Swiss institute launched its Emerald Paternity Test in2017, applying invisible nanoparticles to rough stones to enable industrymembers and consumers to trace the goods back to an exact mine. It's currentlyonly practical for emeralds, as their numerous fissures make it e...Read More

UK Gem Center Expands to US Market

Feb 13, 2019 / Rapaport News

RAPAPORT... The Gemmological Association of Great Britain (Gem-A) has partnered with Jewelry Television (JTV) to expand its educational services to theUS market. The UK-based organization has given accreditation to JTV to operate a teaching center in Knoxville, Tennessee, where the retailer is headquartered. The location will be the first under the Gem-A brand in North America, offering gemol...Read More

ALROSA Exhibits Largest Pink Diamond in Company's History

February 13, 19 / Albert Robinson

(IDEX Online) - ALROSA has conducted a media preview of a collection of large colored diamonds, including unique pink, bright yellow and pink purple gems.   The star of the show was a pink oval diamond weighing 14.83 carats - the largest pink diamond in the history of Russia. The gem it was cut from was mined in 2017 in the Ebelyakh deposit in Yakutia and became the largest pink diamond ever...Read More

Alrosa CEO Sergey Ivanov Pays Official Visit to Israel Diamond Center

February 13, 19 / Albert Robinson

(IDEX Online) - Alrosa Chief Executive Officer Sergey Ivanov paid an official visit to the Israel Diamond Exchange (IDE), where he was hosted by IDE President Yoram Dvash and IDE Managing Director Eran Zini.   Providing an overview of the Israeli Diamond Industry, IDE President Dvash called on Alrosa to expand its rough diamond supply to Israel. Dvash explained that the Israeli industry focus...Read More

ALROSA Points To Cyclical Reasons For Lower January Sales Figures

February 13, 19 / Albert Robinson

(IDEX Online) - The ALROSA Group sold $281.5 million worth of rough and polished diamonds last month, a drop of 44 percent compared to the previous year.   Rough diamond sales came to $278.2 million, while polished diamond sales netted just $3.4 million.   "In January, market activity was lower than usual," Yury Okoemov, ALROSA Deputy CEO, noted. After active restocking at the midstream...Read More

Gemological Science International Dubai Laboratory Receives EIAC Accreditation

February 13, 19 / Staff Reporter

(IDEX Online) - The Gemological Science International (GSI) has announced that the Emirates International Accreditation Centre (EIAC) has approved GSI's Dubai laboratory accreditation.   "The accreditation is valid not only in Dubai, where the GSI laboratory is located, but in all seven members of the United Arab Emirates," the GSI said in a statement. "GSI is the first and the only internat...Read More

Alrosa Showcases 'Record-Breaking' Pink

Feb 13, 2019 / Rapaport News

RAPAPORT... Alrosa has launched an exhibition of rare polished coloreddiamonds, including a 14.83-carat pink that is the largest of its colorin Russian history, the miner said Wednesday. The oval-shaped stone was cut from a 27.85-carat rough that the company recovered in 2017 from its Ebelyakh mine in Yakutia. The miner'slargest pink diamond prior to the discovery weighed 3.86 carats. "The si...Read More

Engagement-Ring Demand Fell in 2018 - Poll

Feb 13, 2019 / Rapaport News

RAPAPORT... Fewer US consumers bought jewelry for their weddings in 2018, while the number of couples opting for engagementrings also dropped, according to The Wedding Report. The proportion of couples that bought an engagement ring when getting married fell 1.1% in 2018, with 87% purchasing one, according to a survey by the market-research company. Demand for women's wedding bands also decli...Read More

UK Gemological Center Expands to US Market

Feb 13, 2019 / Rapaport News

RAPAPORT... The Gemmological Association of Great Britain (Gem-A) has partnered with Jewelry Television (JTV) to expand its educational services to theUS market. The UK-based organization has given accreditation to JTV to operate a teaching center in Knoxville, Tennessee, where the retailer is headquartered. The location will be the first under the Gem-A brand in North America, offering gemol...Read More

Alrosa sales fell in January

Feb. 12, 2019, 4:18 PM / MINING.com Staff

Alrosa's (MCX:ALRS) sales dropped by 44% year-on-year in January, according to a press release issued by the Russian miner.The company said that it sold a total of $281.5 million worth of rough and polished diamonds, with rough stones leading most of the transactions and generating proceeds of $278.2 million.According to the world's top diamond producer by output, following a busy month in Decembe...Read More

Firestone shares on fire after finding 70-carat diamond in Lesotho

Feb. 12, 2019, 10:50 AM / Cecilia Jamasmie

Africa-focused Firestone Diamonds (LON:FDI) has unearthed an undamaged 70-carat white, makeable stone from its 75%-owned Liqhobong mine in Lesotho.The diamond is the largest found so far this year and follows the recovery of a 46-carat, gem quality white rock in December, which sold for over $1 million at a sale early this month.Shares in the company shot up on the news and were trading 8.9% high...Read More

Asian Demand Drives Kering Jewelry Sales

Feb 12, 2019 / Rapaport News

RAPAPORT... Kering recorded robust sales in its jewelry-and-watchdivision in 2018, amid growing demand for its products in Asia.Jewelry sales rose 7% to EUR 18 billion ($20.33 billion) at the French luxury group, which owns Boucheron, Pomellato and Qeelin. Timepiece sales remained solid, it added."The jewelry houses turned in a solid performance, and sales of the watches brands advanced for t...Read More

Jewelry to Top Valentine's Day Purchasing

Feb 12, 2019 / Rapaport News

RAPAPORT... US consumers plan to spend $20.7 billion on gifts this Valentine'sDay, with jewelry topping the list at $3.9 billion, according to the National Retail Federation (NRF). An NRF survey showed a 6%rise in the amount consumers intended to lay out on their loved ones over Valentine's Day. The growth comes despite a decrease in the number of consumerscelebrating the holiday this year, t...Read More

Firestone Recovers 70ct. Diamond

Feb 12, 2019 / Rapaport News

RAPAPORT... Firestone Diamonds has unearthed a 70-carat white rough stone fromits Liqhobong mine in Lesotho. "The 70-carat stone was recovered in the northern, low-gradepart of the pit, where the bulk of our mining will take place in the comingmonths," Firestone CEO Paul Bosma said Tuesday. The stone - which was removed undamaged - follows the miner'sdiscovery of a 46-carat white diamond in...Read More

January Slowdown Hits Alrosa Sales

Feb 12, 2019 / Rapaport News

RAPAPORT... Alrosa's sales fell in January amid market weakness, the miner said Tuesday. Proceeds decreased 44% year on year to $281.5 million.Rough-diamond sales dropped by the same percentage to $278.2 million, while polished revenue slid38% to $3.4 million, according to Rapaport calculations. "In January, market activity was lower than usual," said Alrosa deputy CEO Yury Okoemov. "Sales i...Read More

WFDB Signs Deal with Korea Bourse

Feb 12, 2019 / Rapaport News

RAPAPORT... The World Federation of Diamond Bourses (WFDB) has agreed tohelp promote business for the Korea Diamond Exchange (KDE). The trade bodies signed a cooperation agreement inJohannesburg, South Africa, last week, with the WFDB committing to assist thebourse in lobbying the South Korean government on matters relating to thediamond trade. The trade bodies will work together to build up...Read More

Adapt in Order to Grow, IDCA President Nilesh Sheth Tells Annual Tucson Gala

February 12, 19 / Staff Reporter

(IDEX Online) - The Indian Diamond & Colorstone Association, an association of jewelers, diamantaires and colored stone dealers, hosted its 35th Annual Tucson Gala on February 7.   IDCA President Nilesh Sheth reminded his audience that the diamond, gem and jewelry industry had faced many disruptive changes, but that that the key challenge is to adapt and work around these changes. "Our I...Read More

Chinese Consumers Spending More on Domestic Local Luxury Brands

February 12, 19 / Staff Reporter

(IDEX Online) - Recent research has indicated that the slowing Chinese economy has not stopped consumers from buying luxury items.   However, instead of spending their money in boutiques overseas, consumers are increasingly buying their luxury goods in shopping malls at home.   LVMH, which markets brands such as Louis Vuitton and Hennessy, registered higher sales in China in the fourth...Read More

Zimbabwe 'Has Long Way To Go in Making Diamond Sector Transparent'

February 12, 19 / Staff Reporter

(IDEX Online) - Piers Pigou, a political analyst and senior consultant at the International Crisis Group (ICG), argues that Zimbabwe still has a long way to go towards fostering transparency in its opaque diamond sector.   "Good governance in the diamond sector, which includes tangible progress towards improved transparency and accountability, remains a key litmus test of the Zimbabwean gove...Read More