Diamond stocks Articles

Exceptional Stones Part of Lulo Tender in Early 2018, Says Lucapa

December 19, 17 / Albert Robinson

(IDEX Online) - Lucapa Diamond Company Limited said the next sale of goods from the Lulo mine in Angola will take place in early 2018, with the timing of the sale designed to maximize sale proceeds by selling into a usually stronger demand period at the beginning of the year. The next sale parcel will include 2,160 carats of Lulo production sent to Luanda last week. This includes exceptional 1...Read More

Macklowe Gallery Move Gives It Room to Grow

Dec 19, 2017 / Phyllis Schiller

RAPAPORT... MackloweGallery's move to a more spacious venue in November was "a no-brainer,"according to second-generation president Benjamin Macklowe. The New York Citygallery now has "more opportunity to tell our entire story, including jewelry,Art Nouveau pieces and the artwork of Louis Comfort Tiffany," he says. Founded by Lloydand Barbara Macklowe in 1971 - Benjamin joined in 1994 - the family...Read More

US Polished Trade Slows in October

Dec 19, 2017 / Rapaport News

RAPAPORT... US polished-diamond imports slumped 14% year on year to$1.81 billion in October, according to data the government released recently. By volume, polished imports dived 13% to 881,922 carats, with the average price declining 1% to $2,049 per carat. Polished exports fell 5% to $1.24 billion, leaving netpolished imports - representing imports minus exports - 29% lower at $567million, the...Read More

Israel's IDWI 2018 to Feature High End Diamond Jewelry

December 19, 17 / Albert Robinson

(IDEX Online) - Israel's 7th International Diamond Week (IDWI), to be held by the Israel Diamond Exchange (IDE) from February 5-7, 2018, will feature a section devoted to high end diamond jewelry manufactured by Israeli diamond companies. "In recent years many Israeli bourse members have begun to diversify their businesses by offering exclusive lines of diamond jewelry alongside loose stones,"...Read More

Signet's Brands Lose Popularity Among Women

Dec 19, 2017 / Rapaport News

RAPAPORT... Recent publicity over sexual-harassment allegations againstSignet Jewelers may be a factor in the recent slide in the attitude of women towardthe company's brands, according to YouGov BrandIndex.In the past year, Signet's brandperception has fallen, as has its "purchase consideration" - the likelihoodthat a consumer will buy from one company above another. Some 7% of women wouldconside...Read More

IDCA Elects New Leaders

Dec 19, 2017 / Rapaport News

RAPAPORT... The Indian Diamond & Colorstone Association (IDCA) haselected a new board of directors, replacing its president and welcoming itsfirst female member, the organization announced Monday. The IDCA last week voted in Nilesh Sheth of Nice Diamonds (pictured) as president, and Shailesh Jhalani from Prompt Gem Importers as vice president. They will takeover from outgoing president Ashok Sanch...Read More

ALROSA to Create Single Environmental Center

December 19, 17 / Albert Robinson

(IDEX Online) - ALROSA is centralizing the work of its ecologists in a new Environmental Center which will develop the company's environmental strategy. Today, environmental issues are supervised by different specialists in the company's structural subdivisions. ALROSA said that ecology is a strategically important direction of its activity and is constantly working on improving the ef...Read More

Signet's Brands Lose Popularity Among Women

Dec 19, 2017 / Rapaport News

RAPAPORT... Recent publicity over sexual-harassment allegations againstSignet Jewelers may be a factor in the recent slide in the attitude of women towardthe company's brands, according to YouGov BrandIndex.In the past year, Signet's brandperception has fallen, as has its "purchase consideration" - the likelihoodthat a consumer will buy from one company above another. Some 7% of women wouldconside...Read More

IDCA Elects New Leaders

Dec 19, 2017 / Rapaport News

RAPAPORT... The Indian Diamond & Colorstone Association (IDCA) haselected a new board of directors, replacing its president and welcoming itsfirst female member, the organization announced Monday. The IDCA last week voted in Nilesh Sheth of Nice Diamonds (pictured) as president, and Shailesh Jhalani from Prompt Gem Importers as vice president. They will takeover from outgoing president Ashok S...Read More

Macklowe Gallery Move Gives It Room to Grow

Dec 19, 2017 / Phyllis Schiller

RAPAPORT... MackloweGallery's move to a more spacious venue in November was "a no-brainer,"according to second-generation president Benjamin Macklowe. The New York Citygallery now has "more opportunity to tell our entire story, including jewelry,Art Nouveau pieces and the artwork of Louis Comfort Tiffany," he says. Founded by Lloydand Barbara Macklowe in 1971 - Benjamin joined in 1994 - the family...Read More

US Polished Trade Slows in October

Dec 19, 2017 / Rapaport News

RAPAPORT... US polished-diamond imports slumped 14% year on year to$1.81 billion in October, according to data the government released recently. By volume, polished imports dived 13% to 881,922 carats, with the average price declining 1% to $2,049 per carat.  Polished exports fell 5% to $1.24 billion, leaving netpolished imports - representing imports minus exports - 29% lower at $567mil...Read More

Pastor who found giant diamond in Sierra Leone to get less cash than promised

Dec. 18, 2017, 6:42 PM / Valentina Ruiz Leotaud

Media reports from Sierra Leone say that Pastor Emmanuel Momoh will not receive the entire proceeds from the sale of the giant 'Peace Diamond,' which he found in the Kono district, located in the Eastern Province of the African country. According to such reports, the National Minerals Agency, which oversaw the sale of the 706-carat diamond at an auction in New York for $6.5 million, said Momoh cou...Read More

2018 global diamond industry primer

Dec. 18, 2017, 10:05 AM / Paul Zimnisky

Through mid-December 2017, rough diamond prices are up 2.7%* year-to-date, while polished prices are down 3.5%**. However, despite shrinking manufacturer margins, the midstream segment of the industry still bought $5.3B worth of diamonds from De Beers this year, including $450M at the final sight which was 7% over the comparable sight last year and 81% over 2015.De Beers' full-year sales were -5%...Read More

Jewelry Buyers Still Desire In-Store Experience

Dec 18, 2017 / Rapaport News

RAPAPORT... Consumers still prefer speaking with jewelers before makinga purchase, despite the recent rise in online purchases, a survey has found.Some 64% of people who bought jewelry visited a store to consultwith an expert while deciding what to buy, according to a study released last week by Jewelers ofAmerica (JA). That's 26% more than for other luxury items,the trade body's online survey of...Read More

Diamonds Fuel Moody's Botswana Optimism

Dec 18, 2017 / Rapaport News

RAPAPORT... Moody's has maintained its credit rating for Botswana,citing the nation's strong fiscal position and expectations of growth for thediamond sector. The ratings agency reaffirmed the country's "A2" ratingfor long- and short-term bonds, and kept its outlook for its economy at"stable," the Bank of Botswana said in a statement last week. Moody's based its decision onBotswana's low debt leve...Read More

Strong Increase in U.S. Jewelry Sales in October

December 18, 17 / Albert Robinson

(IDEX Online) - Sales of fine jewelry and fine watches rose by 7.0 percent in the U.S. market in October 2017, when compared to the same month a year ago, as the graph below illustrates. Sales were an estimated $6.5 billion, according to preliminary data from the U.S. Commerce Department. The October sales performance was higher than the figure for the month before and just below the 7.2 percen...Read More

AWDC, De Beers Mull Blockchain Partnership

Dec 18, 2017 / Rapaport News

RAPAPORT... The Antwerp World Diamond Centre (AWDC) is in discussions withDe Beers about a potential blockchain venture, the Belgian trade organizationsaid last week.An AWDC study last year concluded that blockchain couldincrease transparency and confidence in the diamond industry, the group said.To that end, it put out an invitation in October asking companies in theblockchain sector for proposal...Read More

Jewelry Buyers Still Desire In-Store Experience

Dec 18, 2017 / Rapaport News

RAPAPORT... Consumers still prefer speaking with jewelers before makinga purchase, despite the recent rise in online purchases, a survey has found.Some 64% of people who bought jewelry visited a store to consultwith an expert while deciding what to buy, according to a study released last week by Jewelers ofAmerica (JA). That's 26% more than for other luxury items,the trade body's online survey of...Read More

Diamonds Fuel Moody's Botswana Optimism

Dec 18, 2017 / Rapaport News

RAPAPORT... Moody's has maintained its credit rating for Botswana,citing the nation's strong fiscal position and expectations of growth for thediamond sector. The ratings agency reaffirmed the country's "A2" ratingfor long- and short-term bonds, and kept its outlook for its economy at"stable," the Bank of Botswana said in a statement last week. Moody's based its decision onBotswana's low debt leve...Read More

AWDC, De Beers Mull Blockchain Partnership

Dec 18, 2017 / Rapaport News

RAPAPORT... The Antwerp World Diamond Centre (AWDC) is in discussions withDe Beers about a potential blockchain venture, the Belgian trade organizationsaid last week.An AWDC study last year concluded that blockchain couldincrease transparency and confidence in the diamond industry, the group said.To that end, it put out an invitation in October asking companies in theblockchain sector for proposal...Read More