Diamond stocks Articles

SSEF radiocarbon age-dates historic "Ana Maria Pearl"

May 10, 19 / Staff Writer

The Swiss Gemmological Institute SSEF has successfully age-dated the historic "Ana Maria Pearl" using carbon-14. This is the first time such a procedure has been conducted on a historic natural pearl, to provide valuable and new information on the age of a gem. The Ana Maria pearl will be up for auction at Christie's Magnificent Jewels auction on May 15, in Geneva. The jewel will be on publi...Read More

Antwerp World Diamond Centre and Ars Nobilis join forces

May 10, 19 / Staff Writer

The Antwerp World Diamond Centre (AWDC) and Ars Nobilis, Belgium's - only - umbrella organization for the country's jewelry manufacturing and retail sectors, announced they will "join forces." AWDC explained in an email that "the members of Ars Nobilis will be able to call upon the services of the AWDC regarding legal advice, training, communication and security," and that the two organi...Read More

MGJ Conference to hold "Diamond Day" at Israel Diamond Exchange on May 21

May 10, 19 / Staff Writer

The organizers of the Fifth Mediterranean Gemmological and Jewellery Conference (MGJC) that will be held next week in Limassol, Cyprus, will hold a one-day seminar called "Diamond Day in Israel," at the Israel Diamond Exchange. The one-day event will include lectures about fancy colored diamonds and lab-grown diamond identification as well as the presentation of identification technology and instr...Read More

Chow Tai Fook Jewellery Group establishes North American hub.

May 09, 19 / Staff Writer

Chow Tai Fook (CTF), Hong Kong's leading jewellery corporation, announced it has established Chow Tai Fook North America (CTFNA) in Boston, MA. CTF said in a statement that its new "business hub" in North America is "positioned to be a leading, single source wholesaler by delivering products, services and know-how especially on technological innovations that help drive profitability and stren...Read More

Dubai Diamond Exchange to hold first tender of LGDs

May 09, 19 / Staff Writer

The Dubai Multi Commodities Centre (DMCC) announced it will host the first-ever rough laboratory-grown diamond (LGD) tender at its Dubai Diamond Exchange (DDE) in Almas Tower, Dubai, United Arab Emirates (UAE). The tender is "in line with DMCC's strategy to attract, facilitate and drive new trade flows through Dubai," the DMCC said in a statement. Organised and managed by Tony's Auction Worl...Read More

AWDC to mark centennial of Tolkowsky round brilliant cut

May 09, 19 / Staff Writer

The Antwerp World Diamond Centre (AWDC) announced it will celebrate the centennial of the "Tolkowsky cut," the famous round brilliant diamond cut that has set the global standard for quality diamond cutting. On May 27, AWDC will mark this milestone with a major event in Antwerp's diamond district. It will stage an event called "100 Years Brilliant" and also hold a street festival. Tolkowsky, a sci...Read More

Diamond tycoon fails in third UK bail attempt as assets frozen

May. 8, 2019, 1:21 PM / Bloomberg News

A London judge rejected fugitive diamantaire Nirav Modi's third attempt to get bail, after his lawyer said that Indian authorities have seized or liquidated the equivalent of $860 million of his funds and he doesn't have access to enough resources to flee.Judge Emma Arbuthnot ruled that even though Modi was willing to double his proposed security to 2 million pounds ($2.6 million), the risk of int...Read More

Polished diamond prices drop in April - report

May. 8, 2019, 6:54 AM / MINING.com Staff

A report published by Rapaport this week reveals that polished-diamond prices declined in April with 1- carat diamonds sliding 1% year-to-date and 3-carat diamonds falling by 6.1% year-to-date.Right behind 3-carat diamonds, the price of 0.30-carat diamonds fell by 5.9% year-to-date, while 0.50-carat diamond prices dropped by 1.2% year-to-date.According to Rapaport, the fall is caused by continued...Read More

Rapaport Weekly Market Comment

May 08, 2019 / Rapaport News

Dealers preparing for Las Vegas shows hoping steadyUS retail market will stimulate diamond trading. Rising expectations forGemGenve fair amid positive luxury demand. Good opportunities for high-endbuyers after 3 to 5 ct. prices dropped significantly (3 ct. RAPI -6.1% sinceJan. 1). Rough trading cautious with high auction prices and tightmanufacturing profits. Sightholders anticipate stable prices...Read More

India: Sentiment Weak

May 08, 2019 / Rapaport News

Sentiment weak due to reduced bank credit and fewerorders than usual. Market dynamic driven by supply rather than demand. Manufacturersreducing capacity. Steady interest in 0.70 to 1.50 ct., G-J, SIs. Stable gold jewelrymarket for May 7 Akshaya Tritiya festival. RoundRead More

Chow Tai Fook Launches US Hub

May 08, 2019 / Rapaport News

RAPAPORT... Hong Kong-based jeweler Chow Tai Fook has launched abusiness hub in Boston that will supply products and services to US retailers. Chow Tai Fook North America (CTFNA) will operate as awholesaler, offering customized diamond and jewelry collections, the companysaid Wednesday. It will also house Chow Tai Fook's existing jewelry brands,Hearts on Fire and Mmoire. Caryl Capeci, president of...Read More

Alrosa Offloads $19M of Non-Core Assets

May 08, 2019 / Rapaport News

RAPAPORT... Alrosa has sold a number of its non-diamond-relatedbusinesses in an effort to consolidate operations and focus on its diamondassets, it said Tuesday. During the first quarter, the Russia-based miner disposed of21 assets, including subsidiary equity stakes and real estate totaling RUB 1.24billion ($19 million). The most significant of those was JSC Golubaya Volna health resort,whic...Read More

What Women Want: Empowering Female Leaders

May 08, 2019 / Deborah Yonick

RAPAPORT... The movie What Women Want was on to something when itcame out nearly 20 years ago. In it, a hotshot playboy and advertisingexecutive wakes up from an accident with the ability to read women's minds. Atfirst, he sees this as a curse, but his female psychiatrist convinces him thathis gift could help his career: "If men are from Mars and women are from Venus,and you can speak Venusian, th...Read More

Pandora Cuts 1,200 Jobs as Sales Drop

May 07, 2019 / Rapaport News

RAPAPORT... Pandora will push ahead with a total overhaul of its business, after sales weakened in the first quarter.  Global sales fell 6% year on year to DKK 4.8 billion ($720.5million) for the January-to-March period, the Danish charm maker reportedTuesday. Revenue in the US slipped 12% in local currency to DKK 977 million($146.5 million), while sales in China rose 15% to DKK 548 mill...Read More

$6M 'Bubble Gum' Ring to Lead Christie's HK

May 07, 2019 / Rapaport News

RAPAPORT... A diamond named for its resemblance to bubble gum will go under thehammer at Christie's Hong Kong sale later this month. The rare cushion modified brilliant-cut, 3.44-carat,fancy-vivid-purplish-pink diamond, which is internally flawless, will lead theMagnificent Jewels sale on May 28, the auction house said last week. The centerstone of the ring by jeweler Moussaieff, called the B...Read More

Diamond Prices Soften Despite US Stability

May 07, 2019 / Rapaport

RAPAPORT PRESS RELEASE, May 7, 2019, Las Vegas ... Polished-diamond prices declined in April due to continued oversupply and selective Far East demand. US jewelry sales remain firm, helping to support the global trade. The RapNet Diamond Index (RAPI) for 1-carat diamonds slid 0.5% in April. The index has fallen 1% so far this year, and 3% since May 1, 2018. RapNet Diamond Index (RAPI) Read More

Pink Diamond Finds No Buyer at Bonhams

May 07, 2019 / Rapaport News

RAPAPORT... Two top items failed to sell at Bonhams' NewYork auction last week, including a rare fancy orangey-pink diamond.  The 12.62-carat stone, which was valued at $1.5 million to $2 million, was the lead lot in the New York Jewels sale. The second most expensive piece, a cushion-shaped, 15.23-carat Kashmir sapphire, estimated at $1.3 million to $1.8 million, also went unsold. ...Read More

ALROSA TECHNOLOGY to present new diamond identification tool at 5th MGJC

May 07, 19 / staff writer

ALROSA TECHNOLOGY, the diamond science and technology firm that is jointly owned by ALROSA and the Technological Institute for Superhard and Novel Carbon Materials (FSBI TISNCM) of Russia, will present its new-generation ALROSA Diamond Inspector for the screening and identification of natural diamonds, treated diamonds, laboratory-grown diamonds (LGDs) and simulants at the Fifth Mediterranean Gemm...Read More

ALROSA to focus on diamond mining, sells off non-core assets

May 07, 19 / staff writer

Russia's Alrosa, the world's leading diamond miner in volume, continues to sell off assets in 2019, with the purpose to improve its financial performance and to focus on the company's core diamond mining business. In 2018, ALROSA sold its gas assets, the Geotransgaz and Urengoy gas companies, and more than 250 properties that included real estate, in-progress construction projects, as we...Read More

With new CEO and CFO on board, Pandora pushes new program

May 07, 19 / staff writer

Pandora, the renowned Danish fashion jewelry manufacturer and retailer, is pushing forward with its plans and program to "Reignite a Passion for Pandora." Under its new CEO and President, Alexander Lacik, and the new CFO Anders Boyer, the firm is progressing with NOW - the firm's business transformation program that "has comprehensive impact on the organisation, operations and culture." "As a foun...Read More