Diamond stocks Articles

US Polished Imports Drop in Early 2019

May 02, 2019 / Rapaport News

RAPAPORT... The US polished-diamond trade was sluggish in the firsttwo months of the year, with imports declining and exports stable. Bothcategories recorded a weaker February than January. The drops in import valuereflected a lower average price in both months, outweighing higher volumes.US Diamond Trade Data for February 2019 Millions unless stated otherwiseRead More

Historic Cullinan Document Fetches $28K

May 02, 2019 / Rapaport News

RAPAPORT... The original manuscript that paved the way for the cuttingof the 3,106-carat Cullinan diamond to create the British Crown Jewels fetchedmore than seven times its high estimate at Bonhams. The sale included the documents representatives of KingEdward VII and London diamond brokers M.J. Levy & Nephew signed in 1908, aswell as a paste replica of the Cullinan diamond in its origin...Read More

As Canada's Lucara Diamond seeks new mines, tech fuels growth

2nd May 2019 / Reuters     

TORONTO – Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive.For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from min...Read More

Mine versus lab: how green is your diamond?

2nd May 2019 / Reuters     

LONDON – Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors.The US Federal Trade Commission, which investigates allegations of deceptive advertising, sent warning letters to eight lab-grown diamond companies at...Read More

17ct. Sapphire Smashes Estimate at Bonhams

May 01, 2019 / Rapaport News

RAPAPORT... It's not often that a jewel sells for almost double itspre-auction estimate, but that happened this week with a rare Kashmir sapphireat Bonhams. The 17.43-carat stone fetched GBP 723,062 ($944,713), or close to$54,000 per carat, beating its high valuation of GBP 400,000 ($521,440). The cushion-shaped, vivid-blue stone dates to the late 19thor early 20th century, and was formerly o...Read More

JA Unveils CASE Award Winners

May 01, 2019 / Rapaport News

RAPAPORT... Jewelers of America (JA) has announced the winners of its 29thannual CASE Awards for jewelry design, recognizing retail members whose piecesfeature creativity, artistry, style and excellence. A panel of judges chose the honorees from a group of 54applicants, evaluating entries' overall design, marketability, practicalityand wearability of the design, and manufacturing quality. "Th...Read More

WTF?! Couture Honors the Best of the Worst

May 01, 2019 / Rapaport News

RAPAPORT... Taking a break from the self-adulation typical of awards ceremonies, the Couture show has invited exhibitors to showcase the worst piece of jewelry they've ever designed. The WTF?! Awards will see applicants describe their designs with the opening sentence, "So what I was thinking was..."They have until May 15 to submit their designs, and the Couture community will vote on the win...Read More

Online Retail Startup Raises $23M

May 01, 2019 / Rapaport News

RAPAPORT... Mejuri, a luxury-jewelry brand that sells directly to consumers online, has raised $23 million from investors as it looks to expand its operations.The Canada-based company will use the funds to open more physical stores, develop the business internationally, and invest in branding and customer experience, it said. The startup operates primarily as ane-commerce site, but also...Read More

James Allen now sells LGDs online

May 01, 19 / Staff Writer

James Allen, the etail-jeweler, will be offering laboratory grown diamonds (LGDs) to consumer. James Allen is the first created company in the Signet group to do so. Following this news, social media channels were buzzing with comments, condemnations as well as praise. Oded Edelman, President of James Allen, a firm that has been owned by Signet Jewelers since 2017, said that the sale of LGDs is a...Read More

Survey Highlights Gender Bias in Jewelry Trade

Apr 30, 2019 / Rapaport News

RAPAPORT... The jewelry industry has a wide range of gender-disparityissues, including a discrepancy between how employers and employees viewequality in the workplace, a recent survey showed. Business owners expressed widely differing awareness than employees regarding nearly every gender-related workplace topic, according to the study conducted by the Women's Jewelry Association and MVI Mark...Read More

GIA Steps Up Compliance Rules

Apr 30, 2019 / Rapaport News

RAPAPORT... The Gemological Institute of America (GIA) will require customers to disclose key identification information as part of its new compliance program, it said Monday.Under the lab's Know Your Customer system, clients will need to confirm their identity and provide a proof of ownership of their companies. They will also be required to present identifying materials for any employees wh...Read More

Christie's to Sell Historic Golconda Diamond

Apr 30, 2019 / Rapaport News

RAPAPORT... Christie's New York auction will feature a 17.21-caratdiamond given to Queen Charlotte of Great Britain by a regional ruler in India.The pear-shaped, brilliant-cut diamond, called Arcot II, was found in India'sGolconda region in the late 18th century. The stone, presented to the queen by the Nawab of Arcot, will go under the hammerat the Maharajas & Mughal Magnificence sale on...Read More

The IDEX Online Polished Price Report - April 2019

April 30, 19 / Ya'akov Almor

(IDEX Online News) - Looking back at the previous months, there still was some movement - going up up here and dropping down there - in prices of diamonds under two carats.  But in April, it seems the market simply had taken a step back and the sporadic price changes that occurred in rounds under two carats were mixed at best. Market commentators, however, like to point out that Apr...Read More

Alrosa rakes in almost 10 million at Vladivostok diamond auction

April 30, 19 / Staff Writer

Alrosa, the world's largest diamond miner in volume, said it had generated $9.65 million from the sale of special sized diamonds (+10.8 carats) at its diamond auction in Vladivostok which took place on April 8-19. Alrosa hosted 29 companies from Belgium, India, Israel, the UAE, the USA, Hong Kong and Russia at the auction. A total of 150 diamonds with a total weight of 2481.9 carats were off...Read More

The Women's Jewelry Association's releases results of gender equality survey

April 30, 19 / Staff Writer

The Women's Jewelry Association's Gender Equality Project released the results of its first survey, which asked members of the gem, jewelry and watch industries to comment on workplace practices where gender could be a factor. WJA engaged MVI Marketing, a trade and consumer research company that works exclusively for the gem, jewelry and watch industries, to assist in designing a questi...Read More

HRD Antwerp to offer LGD identification workshop and seminar at GemGeneve

April 30, 19 / Staff Writer

Ans Anthonis, HRD Antwerp Chief Officer Diamond Lab & Research, will be presenting the impact of laboratory grown diamonds (LGDs) on the current market during a panel discussion to be held during the GemGeneve trade fair, on Thursday 9 May 2019, at 18:00. GemGeneve is held May 9 to 12, 2019. The lab will also host a daily workshop to teach show visitors more about HRD's latest range of eq...Read More

Alrosa offers Indian rough buyers a rupee-rouble payment method

April 30, 19 / Staff Writer

Evgeny Agureev, director of the United Selling Organization of Alrosa, the world's leading rough diamond producer, told the Indian Express that it had "initiated a rupee-rouble payment mechanism with its Indian clients" and already had run a payment pilot with a handful of its Indian clients. The newspaper also wrote that "Alrosa is increasing its marketing spend in India as it attempts to ca...Read More

Antwerp World Diamond Centre publishes its second Sustainability Report

April 30, 19 / Staff Writer

The Antwerp World Diamond Centre (AWDC), the umbrella organization of the Antwerp diamond industry, published its second sustainability report. The report, the AWDC says, is an "integrated report that does not shy away from thorny issues such as 'reputation,' 'integrity in the diamond value chain' and 'compliance in the diamond industry.' Furthermore, with this report...Read More

Rainy Season Dampens Firestone Production

Apr 29, 2019 / Rapaport News

RAPAPORT... Output at Firestone Diamonds slipped in the third fiscal quarteras the company processed ore from a lower-grade portion of the mine. Production dropped 19% to 155,206 carats at the company'sLiqhobong mine in Lesotho in the three months ending March 31. Throughout the rainyseason, Firestone mines the northern portion of the pit, which containslower-grade ore. "During the final qua...Read More

LVMH Still Has Time for Baselworld

Apr 29, 2019 / Rapaport News

RAPAPORT... LVMH Mot Hennessy Louis Vuitton will participate in the2020 edition of Baselworld, as the exhibition works to revamp its program andtailor its format specifically to the luxury retailer. The current setup will continue at next year's fair, MCHGroup, the show's owner, noted last week. However, beginning in 2021, Baselworldwill collaborate with the retailer on new presentation conce...Read More