RAPAPORT... Gem Diamonds has recovered a 125-carat diamond at its Let??engmine in Lesotho, bringing the company's annual haul of 100-carat-plus stones to15. It found the high-quality, white, type IIa diamond onDecember 20, shortly after unearthing two other stones weighing 101 carats and71 carats, the miner said last month. The total number of diamond discoveries above 100 carats beatsthe c...Read More
RAPAPORT... A slew of heists rocked the jewelry industry in 2018, making headlines worldwide. RapaportNews looks back at four of the biggest thefts of last year - and one of the tiniest. Swedish Royal Jewels In August, thieves stole priceless royal artifacts belongingto former Swedish monarchs Karl IX and Kristina. The robbers took the items froma display case during a raid on the Str??n...Read More
(IDEX Online) - TrueFacet, which sells mostly pre-owned watches and jewelry items, has raised $10 million in a financing round, according to reports. The New-York based company sells pre-owned authenticated watches and jewelry. The company says it has more than 40,000 watches and 55,000 pieces of pre-owned authenticated watches and jewelry for sale on its site. It has more rec...Read More
(IDEX Online) - Las Vegas police said a suspect was killed and an employee injured after an attempted robbery turned into a shootout in the central Las Vegas Valley. Two suspects went into the John Fish Jewelers store and attempted to tie up a customer and employees in order to carry out the robbery. However, an employee in the back room, armed with a legal concealed gun, came out a...Read More
(IDEX Online News) - Price changes in round and fancy shape diamonds in December were fairly evenly divided between decliners and risers, with relatively few changes in the smallest and largest sizes. In round goods, stones of 0.23-0.29 carats in K, VVS1-VS2, fell 4%; in 0.30-0.39 carat diamonds D-F, VS2, by 2-3%; in 0.45-0.49 carat diamonds D, VS2-SI2, of 1-3%. Meanwhile, there were rises in diam...Read More
RAPAPORT... In the retail industry, "The customer is always right" haslong been the motto. This drive to please consumers means businesses areconstantly in search of new and inventive ways to make them happy. But where dothey start? What does the general public look for when making a purchase? Andwhat is everyone talking about when they say the new-age consumer is lookingfor an "experience"?T...Read More
RAPAPORT... Gem Diamonds has recovered a 125-carat diamond at its Let??engmine in Lesotho, bringing the company's annual haul of 100-carat-plus stones to15. It found the high-quality, white, type IIa diamond onDecember 20, shortly after unearthing two other stones weighing 101 carats and71 carats, the miner said last month. The total number of diamond discoveries above 100 carats beatsthe co...Read More
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. The new disclosure requirements replace the SEC's existing Industry Guide 7 which had not been updated in over 30 years. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply wi...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
RAPAPORT... Macy's has removed a collection of Roberto Coin black-jadejewelry from its shelves following allegations the line bears unlawful gemcertification. Natural-stone supplier Kings Stone, which made the claimsthat prompted Macy's move in April, filed a lawsuit in August seeking damagesof $46.1 million from Roberto Coin Incorporated (RCI). The suit asserts thejeweler continued to use th...Read More
RAPAPORT... This story has legs: AUS jeweler has obtained a colorful opal featuring an encased insect. The rare stone originates from Java, Indonesia, andfeatures a well-preserved invertebrate, apparently with its mouth still open. Lookingclosely, one can even see thin fibers extending from the limbs, noted Philadelphia-basedgemologist Brian Berger, who recently acquired the gem. The phenomenon i...Read More
(IDEX Online) - The assets of the lab-grown diamond maker Scio Diamond are being bought by a Nevada company called Adamas One Corp. According to the agreement between the firms, over a period of 18 months Adamas will pay $3.3 million to take care of Scio's secured debt. Adamas will also hand over 350,000 shares of its stock to Scio to cover its unsecured debts of more than $3 millio...Read More
RAPAPORT... Nevada-based Adamas One Corp. has bought all assetsbelonging to Scio Diamond, a producer of lab-grown diamonds. Adamas will pay $3.3 million over 18 months to cover Scio's secured debt, according to a December 11 filing with the US Securities andExchange Commission. Scio will also receive 350,000 shares of Adamas stock, which it will useto settle its unsecured debts of more than $...Read More
RAPAPORT... TrueFacet, a platform for pre-owned luxury watches andjewelry, is offering nearly $10 million in shares in its latest fundinground. The New York-based marketplace has raised $7.1 million of thetarget so far, according to a December 26 filing with the US Securities and ExchangeCommission. Including that amount, it has procured $21.8 million oversix rounds, according to investment s...Read More
RAPAPORT... The Damiani family plans to acquire the Italian jewelerthat bears its name, thereby delisting it from the Milan Stock Exchange. Leading Jewels, the Damianis' holding company, hasoffered to buy the entire group for up to EUR 11.8 million ($13.5 million), itsaid Friday. It proposes to spend EUR 0.86 ($0.98) per share, representing a 5%premium to the stock's Thursday closing price, it add...Read More
RAPAPORT... De Grisogono has appointed C?(C)line Assimon as CEO, taskingher with international brand development and product expansion. Assimon will succeed John Leitao, who has been with the Swissluxury jeweler since May 2013. She was previously the director of high jewelryand exceptional pieces at Piaget, and worldwide head of jewelry and watch salesat Louis Vuitton. "With [C?(C)line's] ex...Read More
(IDEX Online) - The Supervisory Board of ALROSA has approved a new edition of its policy on sustainable development and corporate social responsibility. The previous edition of the policy has been in force since 2014. "The company has improved its practices in this area since then, including those in terms of membership in number of international industry organizations - Diamond Producers A...Read More
RAPAPORT... Nevada-based Adamas One Corp. has bought all assetsbelonging to Scio Diamond, a producer of lab-grown diamonds. Adamas will pay $3.3 million over 18 months to cover Scio's secured debt, according to a December 11 filing with the US Securities andExchange Commission. Scio will also receive 350,000 shares of Adamas stock, which it will useto settle its unsecured debts of more than $...Read More
RAPAPORT... The Damiani family plans to acquire the Italian jewelerthat bears its name, thereby delisting it from the Milan Stock Exchange. Leading Jewels, the Damianis' holding company, hasoffered to buy the entire group for up to EUR 11.8 million ($13.5 million), itsaid Friday. The company proposes to spend EUR 0.86 ($0.98) per share, representing a 5%premium to the stock's Thursday closing pric...Read More
RAPAPORT... De Grisogono has appointed C?(C)line Assimon as CEO, taskingher with international brand development and product expansion. Assimon will succeed John Leitao, who has been with the Swissluxury jeweler since May 2013. She was previously the director of high jewelryand exceptional pieces at Piaget, and worldwide head of jewelry and watch salesat Louis Vuitton. "With [C?(C)line's] ex...Read More