Diamond stocks Articles

Lucapa Angola Tender Rakes In $17M

Feb 03, 2019 / Rapaport News

RAPAPORT... Lucapa Diamond Company sold $16.7 million worth of roughstones from its Lulo mine at the first diamond tender under Angola's newsales rules."The exceptional sale prices achieved for the Lulo diamondsreflected the highly competitive bidding from leading internationaldiamantaires and large-stone manufacturers from eight countries thatparticipated in the tender," the company said Fri...Read More

GIA to Issue Alexandrite Reports

Feb 03, 2019 / Rapaport News

RAPAPORT... The Gemological Institute of America (GIA) will expand its ColoredStone Identification & Origin Report services to include alexandrite. The report contains the stone's basic details, includingcut, shape, weight, measurement and color. In addition, it specifies whetherthe stone is natural or lab-grown, lists any detectable treatments, and offersa research-based opinion on the g...Read More

Polished Diamond Price Index Almost Unchanged in January

February 03, 19 / Staff Reporter

(IDEX Online) - The IDEX polished diamond price index was almost flat on the month in January.                                                   &nbs...Read More

PGI: Surveys Show Platinum Leading 'In Love-Based Consumer Demand'

February 03, 19 / Staff Reporter

(IDEX Online) - Platinum jewelry is continuing to retain a strong footing in the field of love and romance-based purchases in Asia in a jewelry market that experiences consumer attitude changes and cultural shifts across regions, said Platinum Guild International (PGI).   "Valentine's Day has been an important love-gifting holiday. We expect this year to not be any different," says PGI CEO Hu...Read More

Israel Exchange: 2019 International Diamond Week Most Successful Ever

February 03, 19 / Albert Robinson

(IDEX Online) - The Israel Diamond Exchange (IDE) wrapped up its International Diamond Week 2019, declaring it to be the largest and most successful of the events to date. The trade show took place on the huge IDE trading floor, the largest diamond trading hall in the world.   IDWI 2019 attracted over 350 foreign buyers from over 30 countries, one-third of which were new to IDE. Over 150 Isr...Read More

Strong Holiday Figures Boost Titan Results

Feb 03, 2019 / Rapaport News

RAPAPORT... Revenue and profit at Titan Company rose in the third fiscalquarter, driven by the introduction of new jewelry lines in time for the festivalseason. Consolidated sales - including subsidiaries - jumped 35% yearon year to INR 59.34 billion ($830.4 million) in the three months endingDecember 31, while profit climbed 46% to INR 4.11 billion ($57.5 million), theIndian company said las...Read More

The IDEX Online Polished Price Report - January 2019

February 01, 19 / Albert Robinson

(IDEX Online News) - Price changes in round and fancy shape diamonds in December were relatively rare. In round goods, stones of 0.80-0.89 carats in E-G, I3, fell 4%; in 2.00-2.99 carat diamonds D, I1-I3, of 2-4%; and in a range of colors and clarities in 3.00-3.99 carats and 4.00-4.99 carat stones. There were rises in a range of colors and clarities in 0.30-0.39 carat stones; in 0.45-0.49 carats,...Read More

Delgatto Diamond Finance Fund Holds Successful Financing Roadshow in Antwerp

February 01, 19 / Staff Reporter

(IDEX Online) - The Delgatto Diamond Finance Fund held a well-attended roadshow at the Antwerp Diamond Club on January 28, presenting its range of asset-based financing programs for the diamond and jewelry industries.   There was strong interest in its flexible financing options for the diamond industry, particularly in light of the withdrawal of banks from the sector.   US-based Delgatt...Read More

Lucapa gets A$22.9m at inaugural tender

1st February 2019 / Esmarie Iannucci     

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated A$22.9-million in revenue from the first sale of exceptional diamonds under the new diamond marketing policy in Angola.The ASX-listed company sold seven large and top quality diamonds weighing 498 ct from its Lulo alluvial mine, achieving a sales price of $16.7-million, which averaged at $33 530/ct.AdvertisementThe...Read More

De Wit resigns as Tsodilo president, COO

1st February 2019 / Simone Liedtke     

Dr Michiel de Wit will be stepping down as TSX-V-listed Tsodilo Resources president and COO.Dr Alistair Jeffcoate has been appointed as his successor.AdvertisementDe Wit will also step down from the company’s board, but will remain “closely associated with the company” as a technical adviser.To watch Creamer Media's latest video reports, click here AdvertisementRead More

Natural diamond industry performing well despite less positive narrative

1st February 2019 / Nadine James     

Based on diamond miner equities, sentiment surrounding the diamond industry is currently at a historically low level, says diamond analyst Paul Zimnisky. However, global diamond jewellery sales have been growing at a steady rate, in nominal and real terms, for the past nine years, he adds.In a report released on his website last week, he notes that, "over the past two years, a basket of diamond pr...Read More

Rapaport Weekly Market Comment

Jan 31, 2019 / Rapaport News

Polished trading sluggish with Far East dealers onholiday for Chinese New Year. Reduced expectations for Chinese Year of the Pigafter 4Q slowdown. US buyers cautious as Conference Board consumer confidence indexfalls 5% to 18-month low, due to volatile stock market and government shutdown.High-end luxury doing well. LVMH 4Q jewelry and watch revenue +8% to $1.3B. Roughpremiums decline, with contin...Read More

India: Polished Manufacturing Slows

Jan 31, 2019 / Rapaport News

Dealers and cutters cautious as US restocking isslower than expected. Low volume of new goods coming to the market, withsignificant slowdown in diamond manufacturing. Inventory levels high and suppliersoffering old stock at deeper discounts. Steady demand for SI-I1 clarity goods.Concerns about tight profit margins and reduced bank credit. Rough tradingrelatively slow following De Beers sight. Ro...Read More

Hong Kong Luxury Sales Fall in December

Jan 31, 2019 / Rapaport News

RAPAPORT... Retail sales of jewelry and other luxury items dropped in HongKong in December, amid the continued impact of global economic uncertainties onconsumer demand. Revenue from jewelry, watches, clocks and other valuablegifts fell 4.9% year on year to HKD 8.27 billion ($1.05 billion), themunicipality's Census and Statistics Department reported Thursday. Sales in allretail categories wer...Read More

Podcast: The New York View

Jan 31, 2019 / Rapaport News

RAPAPORT... Reuven Kaufman, president of New York's Diamond DealersClub (DDC), spoke with Rapaport senior news reporter Joshua Freedman at therecent International Diamond Week in Israel.Retailers had a good holiday season, but have been wary about taking on too muchinventory due to global economic factors affecting sentiment, Kaufmanexplained. He also outlined how changes in Chinese buying habits...Read More

New Alrosa Client List Excludes Leviev Firm

Jan 31, 2019 / Joshua Freedman

RAPAPORT... Alrosa has stopped supplying rough diamonds to Lev Leviev'sLLD Diamonds through its contract-sales arrangement, as part of a reshuffle of the miner's long-term client list.The tycoon's Israel-based firm is one of "several" former customersthat have dropped off the 2019 supply roster, known as the Alrosa Allianceprogram, the Russian company said. "Last year, there was a decision to...Read More

GIA to Give Out $2M in Scholarships

Jan 31, 2019 / Rapaport News

RAPAPORT... The Gemological Institute of America (GIA) will offer $2million in scholarship funds to aspiring students in 2019, it said Wednesday. Students interestedin its gemology and jewelry-manufacturing arts programs, distance-educationcourse and lab classes can apply for funding. "Scholarships are a very important part of ourmission-driven education programs, helping hundreds of student...Read More

Tache And Samir Gems Acquire 'The Rose Of Kao' For Undisclosed Sum

January 31, 19 / Albert Robinson

(IDEX Online) - Tach company and Samir Gems jointly announce the purchase of the 29.59-carat fancy pink diamond, "The Rose of Kao" (Lesotho).   The diamond was purchased at an undisclosed price by a partnership between Tach and Samir Gems, Tach said in a statement.   Under the deal, Namakwa Diamonds will retain an ownership percentage in the diamond, thus participating in the added valu...Read More

Mouawad Cuts Record Yellow Diamond

Jan 30, 2019 / Rapaport News

RAPAPORT... Mouawad has manufactured a 54.21-carat polished yellowstone, which, it claims, is the largest of its shape and color the Gemological Institute of America (GIA) has ever graded. The company named the round brilliant-cut, fancy-vivid-yellowstone the Mouawad Dragon, as its color is reminiscent of a "dragon's magicalpowers and fiery eyes," it said Monday. The rough stone was found in...Read More

LVMH Jewelry Shines in 2018

Jan 30, 2019 / Rapaport News

RAPAPORT... Revenue from jewelry and watches at LVMH Mot Hennessy LouisVuitton increased 8% in 2018, amid a strong year for Bulgari, the company said Tuesday. Jewelry-and-watch revenue rose to EUR 4.12 billion ($4.71billion), driven also by good results at Hublot, whichrepresented the company as the official timekeeper for the FIFA World Cup. The Chaumet brand performed especially well in Asi...Read More