Diamond stocks Articles

New Initiatives Drive Titan Growth

Oct 09, 2018 / Rapaport News

RAPAPORT... Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit to the industry and fewer weddings than usual for theperiod, it said last week. The company has not yet released exact sales figures fo...Read More

Happy Ending in Kay Jewelers 'Stolen Rings' Case

Oct 09, 2018 / Rapaport News

RAPAPORT... Kay Jewelers has located and returned the missing rings of awoman who accused the store of stealing her jewelry in a viral Facebook post.  In her September 28 post, Requitta Darshae East said thatthree months after bringing her rings in for servicing, they still hadn't beenreturned. Despite numerous phone calls and visits, the jeweler had not comecloser to resolving her issue. The...Read More

China Positive Amid Short-Term Uncertainty

Oct 09, 2018 / Avi Krawitz

RAPAPORT... So far, 2018 has been a positive year for the diamond trade, with the US and China, the two largest diamond-jewelry markets, showing steady growth. In fact, in China, the jewelry-retail sector has experienced positive results after three years of decline.Sales stagnated between 2014 and 2017 while the Chinese economy was transitioning from being dependent on exports and infrastruc...Read More

Alrosa Recovers 29ct. Yellow Diamond

Oct 09, 2018 / Rapaport News

RAPAPORT... Alrosa has unearthed its largest yellow rough diamond thisyear, the miner said Monday. The 28.59-carat stone has a deep greenish-yellow hue, classifyingit as fancy intense yellow, the company said. "This stone is...unique, because nature seemed to haveprepared it for cutting, and, in advance, gave it a pear-like shape," saidEvgeny Agureev, director of Alrosa's United Selling Organizat...Read More

GJEPC To Hold 2nd Edition Of India Diamond Week In Mumbai

October 09, 18 / Albert Robinson

<IDEX Online> - After the success of its first edition and increasing demand from buyers and sellers, GJEPC is all set to hold the 2nd edition of the India Diamond Week in Mumbai from October 22-25 2018.   The India Diamond Week will be held on the sidelines of the World Diamond Council's AGM and the World Diamond Congress of the World Federation of Diamond Bourses and the Internationa...Read More

ALROSA Uncovers Largest Yellow Diamond Find So Far This Year

October 09, 18 / Albert Robinson

<IDEX Online> - ALROSA subsidiary JSC Almazy Anabara has recovered a 28.59-carat rough diamond of deep greenish-yellow hue - the biggest yellow found so far this year.   ALROSA said that following an appraisal, the color of the stone has been determined as fancy intense yellow.   The diamond, discovered at Ebelyakh placer deposit in July, has dimensions of 11.40 x 19.00 x 17.50 mm...Read More

GJEPC Holds First India Silver Jewellery Buyer-Seller Show In New Delhi

October 09, 18 / Staff Reporter

<IDEX Online> - The Gem & Jewellery Export Promotion Council (GJEPC) said it held its first India Silver Jewellery Buyer Seller Meet (BSM) from October 3-5 in New Delhi.   The GJEPC reported an encouraging show, with 27 leading Indian silver jewelry manufacturers displaying a wide range of silver jewelry products to 49 international buyers from 16 countries.   Exhibitors inclu...Read More

Second Edition of Bharat Diamond Week Opens at Bharat Diamond Bourse

October 09, 18 / Albert Robinson

<IDEX Online> - The second edition of the Bharat Diamond Week was officially opened at the Bharat Diamond Bourse (BDB) on Monday.   The October 8-10 polished diamond fair was officially opened by Mr Andrei Zhiltsov, Consul General of the Russian Federation in Mumbai, and Mr Evgeny Agureev, Director of ALROSA's United Selling Organisation.   Zhiltsov said: "Up to 90% of polish...Read More

Titan Continues Gains Despite Challenges

Oct 09, 2018 / Rapaport News

RAPAPORT... Titan Company reported growth in its watch and jewelry divisions in the secondfiscal quarter, helped by collection launches and long-term sales campaigns.The Indian jeweler brushed off challenges such as higher gold prices,the tightening of credit to the industry and fewer weddings than usual for theperiod, it said last week. The company has not yet released exact sales figures fo...Read More

RioZim to sue central bank over dollar payments

9th October 2018 / Reuters     

HARARE – Zimbabwe's gold miner RioZim on Tuesday said it would take legal action to force the central bank to pay it in US dollars for part of its output, signalling impatience by mining companies over acute dollar shortages afflicting the economy.The shortages have worsened since 2016 and are the biggest concern for foreign investors seeking a foothold in Zimbabwe, which is trying to re...Read More

ALROSA extracts rare fancy intense yellow diamond

Oct. 8, 2018, 10:14 AM / MINING.com Editor

JSC Almazy Anabara, a subsidiary of ALROSA, has extracted a 28.59-carat rough yellow diamond at the Ebelyakh placer deposit in Russia. Following an assessment, the color of the stone is defined as rare fancy intense yellow.It is the largest yellow rough diamond mined at ALROSA's deposits this year. In 2017, Almazy Anabaraalso extracted a 27.85-carat pure pink diamond - the largest pink stone in AL...Read More

NRF Predicts Jump in Holiday Sales

Oct 08, 2018 / Rapaport News

RAPAPORT... The National Retail Federation (NRF) has forecast a strong rise in US holiday sales this year, amid a healthy economy and strong consumer sentiment. Retail sales in November and December will increase 4.3% to4.8% for a total of between $717.45 billion and $720.89 billion, theorganization said last week. The average increase over the past five years was3.9%, it added. "We believe...Read More

Saks Strikes Back at Cartier with $55M Lawsuit

Oct 08, 2018 / Rapaport News

RAPAPORT... Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully evicted it from its space at the Saks flagship store atthe corner of Fifth Avenue and 49th Street. Cartier sought an injunction toprevent its ouster, as well a...Read More

Woman Says Kay Jewelers Stole Her Ring

Oct 08, 2018 / Rapaport News

RAPAPORT... A woman has accused Kay Jewelers of stealing her diamondengagement ring in a Facebook post that went viral and led to many readers respondingwith critical reports of its customer service. Requitta Darshae East brought her engagement and weddingrings into her local Kay store in July to get the white gold serviced,according to her September 28 post. The attending employee also checked th...Read More

Kay Jewelers Launches Investigation After Customer's Ring Goes Missing

October 08, 18 / Staff Reporter

<IDEX Online> - Kay Jewelers, part of the huge Signet Jewelers chain in the United States, is launching an internal investigation into diamond servicing practices after an Illinois woman accused one of its jewelry stores of stealing her diamond engagement ring when she submitted it for servicing.   Requitta Darshae East criticized the jewelry chain in Facebook post that went viral, cla...Read More

Chinese delegation to witness proudly South African logging system 

8th October 2018 / Martin Creamer     

JOHANNESBURG (miningweekly.com) – The high-ranking delegation from China, which is due to arrive in South Africa next Monday to undertake a three-week study of South Africa’s globally recognised mineral reporting codes, will be given insight, during their visit, into a proudly South African borehole logging system that is poised to go global.“We have the best borehole logging dat...Read More

WFDB President Blom: World Diamond Congress One Of Most Important Ever

October 08, 18 / Albert Robinson

<IDEX Online> - World Federation of Diamond Bourses (WFDB) President Ernie Blom says the gathering of the presidents of the organization's 30 bourses at the 38th World Diamond Congress in Mumbai, which kicks off in two weeks time, will be one of the most important ever held.   "We have definitely seen many developments this year, and in light of the issues facing the global diamon...Read More

BlueRock seeks to improve Kareevlei profitability with proposed upgrades

8th October 2018 / Creamer Media Reporter     

Aim-listed BlueRock Diamonds will, subject to funding, invest in further improvements at its mining operation, plant and necessary personnel at the Kareevlei diamond mine, in the Northern Cape, to increase the capacity and efficiency of the operation.The proposed investment is expected to “materially” increase the mine ‘s profitability.AdvertisementThe decision to invest in furth...Read More

Alrosa finds 28.59ct yellow diamond

8th October 2018 / Creamer Media Reporter     

Russian diamond miner Alrosa subsidiary AlmazyAnabara has extracted a large 28.59-ct rough diamond of deep greenish-yellow hue – its largest yellow rough diamond for the year.The diamond was discovered at Ebelyakh placer deposit in July.Advertisement"The extracted stone is our new unique discovery. Fancy colours are very rare in nature. This stone is also unique, because nature seemed t...Read More

Saks Strikes Back at Cartier with $55M Claim

Oct 08, 2018 / Rapaport News

RAPAPORT... Saks Fifth Avenue has filed a countersuit against Cartierfor $55 million, alleging its eviction of the jeweler was justified under theterms of their contract. Cartier sued Saks last week, claiming theretail giant unlawfully evicted it from its space at the Saks flagship store atthe corner of Fifth Avenue and 49th Street. Cartier sought an injunction toprevent its ouster, as well a...Read More