The Gem & Jewellery Export Promotion Council of India (GJEPC), inaugurated the 6th edition of "India Gemstone Week" in Jaipur on April 11. The event was inaugurated by Mr. Pramod Kumar Agrawal, Chairman, GJEPC; Nirmal Bardia, Regional Chairman; Vijay Kedia, Co-convener of the Coloured Gemstone Panel; Sabyasachi Ray, Executive Director, along with International buyers and exhibitors from I...Read More
The American Gem Society (AGS) presented several prestigious awards at its annual Conclave in Seattle, WA, that was held April 8 to 10. All the awards honor excellence, professionalism, and a commitment to ethics and consumer protection. At the Titleholders Luncheon held on April 9, Mark Nanasi, RS, Chair of the Young Titleholders Steering Committee, presented Meredith Schlessinger, CG, with the Y...Read More
The international auction house Bonhams announced the appointment of Leslie Roskind as Senior Jewelry Specialist. She takes up her new position with immediate effect, and will be based in Bonhams New York office. Roskind has been in the jewelry industry for more than 25 years and most recently in the retail and dealer sector working at Fred Leighton and at Windsor Jewels where she was responsible...Read More
Changing societal perceptions, combined with more and more countries legalising cannabis use, mean that companies should adopt nontraditional methods of determining whether employees are fit for duty, says Predictive Safety director of fatigue education Dr Doug Potter.He points out that the global perception on cannabis use has shifted and that several countries, including South Africa, have decri...Read More
Aim-listed diversified miner Vast Resources has raised £600 000 through a placement and subscription of around 440-million shares at a price of 0.135p apiece.The placing was for 407-million ordinary shares, and the subscription was for 37-million shares, of which 29-million and 7.4-million shares were taken up by directors Roy Tucker and Andrew Prelea, respectively.AdvertisementThe proceeds...Read More
Shares of Mountain Province Diamonds Inc. (TSX and NASDAQ: MPVD) surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North Project, NWT, Canada. The stock rebounded by more than 12% at the open in Toronto, lifting the company's market capitalization to over C$256 million.The updated inferred mineral resource at Faraday 2...Read More
Sentiment weak, with Indian cutters lacking liquidity.Steady demand for 1 ct. diamonds supporting the market. Low manufacturingprofits placing pressure on under-0.50 ct. sector. Rough prices stable at DeBeers sight, with April sales +10% to $575M. Trade expecting shortages, as DeBeers plans to reduce supply to sightholders in new sales period. Alrosa Marchsales -33% to $377M. Graff unveils world's...Read More
Polished demand sluggishdue to tight liquidity. Few overseas buyers in the market. Melee underpressure, especially for VVS qualities, with SI-I1 moving better. Dealers avoidinginventory purchases, instead showing specific demand for select categories. Limitedavailability of SI clarities as manufacturers decrease production. Jewelry sectorsubdued. RoundRead More
RAPAPORT... Michael Hill's sales fell 0.8% in its third fiscal quarter,even as strategic changes drove an improvement in March, the company said. Group revenue slipped to AUD 117.6 million ($84.2 million)in the three months ending March 31, the jeweler reported Wednesday. During thefirst two months of the period, the company was in a transition period as it shifted to a new marketing strategy...Read More
RAPAPORT... Watch the third installment of our video blog from the American Gem Society's annual Conclave in Seattle, Washington. Avi Krawitz, Rapaport News Editor andSenior Analyst, discusses what's unique about the event, and what he learned during the three days. Plus, after sitting down with De Beers' Lightbox team, Avi has some thoughts about the lab-grown market.Day 3Day 2Day 1Thumbnail...Read More
RAPAPORT... The original manuscript that brokered the cutting of the3,106-carat Cullinan diamond to create the Crown Jewels of Great Britain isgoing under the hammer at Bonhams. The sale includes the documents the representatives of KingEdward VII and London diamond brokers M.J. Levy & Nephews signed in January1908. A paste replica of the Cullinan diamond in its original rough form, aswel...Read More
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RAPAPORT... Sales at Alrosa fell 33% year on year to $377.1 million inMarch, even as the rough market picked up after a weak start to the year. Rough-diamond proceeds were $369.2 million for the month, also 33% lower thanthe figure the miner reported a year ago. Polished revenue dropped 12% to $8million. However, overall demand has improved versus February, with total salesup 9% month o...Read More
Signet published its Corporate Social Responsibility (CSR) Report for 2018. The report benchmarks Signet's global CSR programs. Some of the highlights from Signet's report include: Signet was the only jewelry retailer selected for the 2019 Bloomberg Gender Equality Index; More than 11,000 Signet team members certified as experts in gemology;An impressive 74 percent of Signet's field leadersh...Read More
The Israel Diamond Exchange announced that the next Israel Diamond Week in Israel (IDWI) is scheduled for February 10 - 12, 2020. This year's show attracted more than 350 foreign buyers from over 30 countries, one-third of whom were first-time visitors to the Israel diamond exchange buildings. Some 150 Israeli firms exhibited polished diamonds, with dozens of additional companies offering hig...Read More
SGL, a London-headquartered diamond grading laboratory, opened a new laboratory in New York City, with premises in the International Gem Tower on 47th Street in Manhattan's diamond district. The New York lab is the company's 16th location, with branches in India, Saudi Arabia, the United Arab Emirates and the United Kingdom. According to an SGL news release, all of the company's laborato...Read More
Multinational jeweller Graff has cut the largest square emerald cut diamond in the world, which ranks as the largest high-colour, highest clarity diamond ever graded by the Gemological Institute of America.Dubbed the Graff Lesedi La Rona, the diamond weighs in at 302.37 ct, and is a top D-colour. It was cut and polished from the principal 1 109 ct Lesedi La Rona rough diamond, which was recovered...Read More
Alrosa sold $377.1 million of rough and polished diamonds in March. Rough diamond sales grew to $369.2 million, against $340.6 million in February 2019, with polished diamond sales increasing to $8 million, against $5 million a month earlier. Sales in the first quarter of the year amounted to $1,004 million - $987.9 million of rough and $16.3 million of polished goods. "The market is gradually sta...Read More
Trans Atlantic Gem Sales (TAGS) concluded its latest rough diamond tender earlier this month at the Dubai Diamond Exchange. The firm tendered productions from South Africa, Angola and Namibia. The firm said that "all materials were of high quality and high color and featured a significant number of large single stones and exceptional specials." The tender was attended by more than 200 firms from I...Read More
RAPAPORT... The original manuscript that brokered the cutting of the3,106-carat Cullinan diamond to create the Crown Jewels of Great Britain isgoing under the hammer at Bonhams. The sale includes the documents the representatives of KingEdward VII and London diamond brokers M.J. Levy & Nephews signed in January1908. A paste replica of the Cullinan diamond in its original rough form, aswel...Read More