RAPAPORT... Alrosa has purchased rough diamonds from Russia's national stockpiles to help manage inventory shortages ahead of this week's monthly contract sale.The miner bought "some 70%" of goods that Gokhran - the state gem and precious-metal depository - offered at a special auction last Friday, Alrosa said Monday. The company did not disclose the purchase's value or volume.According to a...Read More
(IDEX Online) - The world's third-largest diamond - a 1,174.76- carat clivage stone recovered last month at Karowe, Botswana - has arrived in Antwerp.It will be scanned and analyzed for composition, quality, thickness and clarity by HB Anwerp, the diamond tech newcomer that cut and polished the 1,758-ct Sew?? ?lo, recovered from the same mine in April 2019.Plans for the newly-recovered diamon...Read More
(IDEX Online) - Burgundy, the new owners of the Ellendale Diamond Project, in Western Australia, today said it had raised $37m and aimed to bring the mine back into production next year.The investment will fund the re-opening of the deposit, which is a leading source of rare fancy yellow diamonds. It ceased production in 2015 when previous owner Kimberley Diamond Company went into liquidation...Read More
RAPAPORT... In June, Covid-19 cases were shrinking in many US states, and restrictions were relaxed in a lot of major US cities, including New York and Chicago, Illinois. Retailers, too, felt a weight had been lifted from them, with some even talking about attending the rescheduled JCK Las Vegas and Couture shows in August. But even with the country reopening, store owners believed a true recovery...Read More
(IDEX Online) - Trans Atlantic Gem Sales (TAGS) last week sold a record $62m at a rough tender in Dubai.It more than doubled its June sales of $30m, though the overall price per carat was lower.There were many single stones +10-ct among the goods offered, from southern Africa and Angola, and several exceptional special stones, between 30-cts and 100-cts.Over 100 companies were represented at the t...Read More
RAPAPORT... The Women's Jewelry Association Foundation (WJAF) has revealed the winners of its 2021 Excellence Awards.The group will award a total of $35,000 to 12 women, using funds that it raises at its annual Awards for Excellence Gala, it said last week.The prizes range from $1,000 to $5,000 each and are offered in five categories: The Cindy Edelstein Jewelry Design Scholarship, the Gabriel Lov...Read More
RAPAPORT... Mining company Fura Gems is set to launch a trade organization aimed at unifying the colored-gemstone industry, debuting the group at the upcoming Las Vegas jewelry shows.The Fura Marketing Council (FMC) will have booths at both JCK Las Vegas and the American Gem Trade Association (AGTA) fairs, the miner said Sunday. It will support the sector by coordinating marketing, training a...Read More
RAPAPORT... Mining company Fura Gems is set to launch a trade organization aimed at unifying the colored-gemstone industry, debuting the group at the upcoming Las Vegas jewelry shows.The Fura Marketing Council (FMC) will have booths at both JCK Las Vegas and the American Gem Trade Association (AGTA) fairs, the miner said Sunday. It will support the sector by coordinating marketing, training a...Read More
RAPAPORT... The India International Jewellery Show (IIJS) Premiere exhibition will take place in Bengaluru this year, occurring outside of Mumbai for the first time.The fair, the country's largest exhibition of gems and jewelry, is now set to run from September 15 to 19, India's Gem & Jewellery Export Promotion Council (GJEPC) said last week. The annual event was originally scheduled for Janua...Read More
(IDEX Online) - A lab-grown ruby was found to have been subjected to a treatment usually reserved only for natural stones.The GIA lab in Carlsbad, California, USA, received the gem for grading and staff were surprised to find that fractures had been filled with lead glass to minimize their appearance and enhance overall clarity."While it is unclear why anyone would go to the trouble to treat a syn...Read More
(IDEX Online) - Forty per cent of diamond artisans have reportedly failed to return to work in Surat, India, as fears mount of a third wave of coronavirus.An estimated 400,000 migrant workers returned to their home villages for the Hindu festival of Holi, at the end of March, and have remained there, according to the Financial Express newspaper.It says production across the city's 6,000 manuf...Read More
RAPAPORT... Trans Atlantic Gem Sales (TAGS) brought in $62 million at its latest rough-diamond tender in Dubai, its highest proceeds to date, as the market continued to strengthen.The tender house offered 43,300 carats of goods from southern Africa and Angola from July 14 to 21, it said Thursday. The diamonds covered a range of sizes and were mostly in higher qualities, with many single stone...Read More
RAPAPORT... The India International Jewellery Show (IIJS) Premiere exhibition will take place in Bengaluru this year, occurring outside of Mumbai for the first time.The fair, the country's largest exhibition of gems and jewelry, is now set to run from September 15 to 19, India's Gem & Jewellery Export Promotion Council (GJEPC) said last week. The annual event was originally scheduled for Janua...Read More
RAPAPORT... The organizers of jewelry show VicenzaOro will require all participants in the event to hold a green pass to gain entry to the expo center.Ensuring "Covid-free" halls will mean "the only thing those inside need to worry about is doing business," said Corrado Peraboni, CEO of Italian Exhibition Group (IEG), which runs the show. "The request for this measure has come loud and clear from...Read More
(IDEX Online) - More and more couples are opting for engagement watches rather than rings, says a new report.They're ditching the traditional solitaire diamond for a pair of timepieces, says the global fashion search platform Lyst in its Wedding Report 2021. They're often matching or gender-neutral."Expect to see more fine watches and the rise of the engagement watch," it says."Looking a...Read More
(IDEX Online) - A diamond manufacturer in Surat was re-united with a box of rough stones worth $27,000 that he left behind at a safety deposit vault.Rahul Moradiya placed it on top of his locker at Katargam Safe, in the Kartargam area of the city, then forgot about it.The manager spotted the box that evening and put it in safe place. Moradiya, who runs a small unit in Bambawadi, returned the...Read More
(IDEX Online) - Signet is aiming for full gender parity among its corporate leadership.The US jeweler already has a female CEO, and women account for 42 per cent of its board of directors, 50 per cent of its leadership team and 40 per cent of those holding the title vice president and above.It is joining the Paradigm for Parity coalition, which is committed to all women and men having equal...Read More
RAPAPORT... Petra Diamonds' sales accelerated in the past fiscal year as the market improved and discoveries of high-value stones paid off.Revenue jumped 38% to $406.9 million for the 12 months ending June 30, the miner reported Wednesday. Sales volume rose 37% to 4 million carats.The company, which operates the Cullinan, Finsch and Koffiefontein mines in South Africa, attributed the growth t...Read More
Market upbeat despite summer lull and high rough prices. Dealers filling orders, spurring confidence for holiday season. US jewelry sales +108% in June, Mastercard reports. Luxury jewelers make strong recovery. Richemont 1Q jewelry maisons' sales +132% to $3B. Polished prices firm amid supply shortages and consistent demand. Miners drastically reduced rough inventory in 1H; manufacturers raised po...Read More
RAPAPORT... Gem Certification & Assurance Lab (GCAL) will work with Everledger to share provenance and grading data that will help bring increased accountability to diamond sourcing.Through the partnership, the grading lab will be able to search Everledger's provenance information, GCAL said Tuesday. Meanwhile, the blockchain provider will gain access to GCAL's certification data and photos, g...Read More