Local traders concentrating on IIJS show, whichstarted Thursday (August 9). Sentiment mixed amid further bankruptcy rumors.Few foreign buyers in the market, with companies preferring to wait until theHong Kong fair. Steady demand for 1 ct., G-H, SIs.Rough prices firm, but activity low due toAntwerp dealers being on vacation. RoundRead More
RAPAPORT... Alrosa brought in $1.5 million from its firstpolished-diamond tender in New York since it reopened its office in the cityearlier this year. The Russian miner's cutting division, Diamonds Alrosa,sold 111 polished stones weighing from 2 to 6 carats, for a total of 309 carats,it said Thursday. The tender took place last month, attracting participantsfrom the US, Belgium, India and Israel....Read More
RAPAPORT... Pandora CEO Anders Colding Friis has stepped down aftersecond-quarter sales missed the jeweler's expectations and forced it to cut itsoutlook for the year. Global sales were flat year on year at $749 million (DKK 4.82billion) for the April-to-June period, the Danish charm-maker reportedThursday. Revenue in the US fell 12% in local currency, while sales in thewider Americas region decre...Read More
RAPAPORT... Lucara Diamond Corp.'s sales and profit fell in the secondquarter amid lower-quality production from its Karowe mine and a drop in the averageprice. Revenue declined 19% year on year to $64.5 million for thethree months ending June 30, even as sales volume rose 26% to 75,329 carats,the company reported Wednesday. The average selling price slid 36% to $856 percarat. Profit slumped 39% t...Read More
(IDEX Online) - The 35th edition of the India International Jewellery Show kicked off on Thursday, inaugurated by CIBJO President Gaetano Cavalieri in the presence of Gem and Jewellery Export Promotion Council (GJEPC) Chairman Pramod Agrawal, GJEPC Vice Chairman Colin Shah. Government officials and leading members of the trade also were in attendance at the opening of the revamped show whi...Read More
(IDEX Online) - DIAMONDS ALROSA, the cutting and polishing division of ALROSA, held a tender for the sale of polished diamonds in the USA last month. It was the first tender for polished diamonds after the reopening of ALROSA's office in New York. In total, 111 stones of standard color with total weight of 308.97 carats were sold, the miner reported. The total revenue from sales amount...Read More
(IDEX Online) - CIBJO President Gaetano Cavalieri has pledged CIBJO's support for India's giant jewelry and gemstone sectors, during the opening ceremony of the summer edition of the India International Jewellery Show (IIJS), which took place at the Bombay Exhibition Centre this morning. The massive jewelry and gemstone trade fair, which is organised by the Indian industry's...Read More
(IDEX Online) - Online diamond-trading platform IDEX - International Diamond Exchange and fintech startup Carats.io have signed a Memorandum of Understanding (MOU), according to which the two will cooperate in the areas of data analysis and the development of new financial vehicles for both the diamond industry and general public. These will be based on Carats.io's Diamond Financial i...Read More
(IDEX Online) - Israel Diamond Exchange (IDE) President Yoram Dvash has held a meeting with Israel's Prime Minister Benjamin Netanyahu where they discussed issues affecting the diamond trade and business in general. The meeting was initiated by Israel Chamber of Independent Organizations and Businesses, according to a report by the Israel Diamond Institute. Dvash and Netanyahu spok...Read More
(IDEX Online) - Pandora has announced that Anders Colding Friis is stepping down as President and CEO of the company effective as of 31 August after three and a half years in the job. The announcement comes just two days after the firm said it will be cutting 397 jobs around the world, with most of them at its operations in Thailand. The company said its Board remains fully committed...Read More
RAPAPORT... White gold is the most popular metal for self-purchasingmillennial women, with yellow gold trailing in last place, according to a survey by MVI Marketing.MVI conducted the survey in July among 1,001 US women aged25 to 40 with an annual of income of $75,000 or higher. Some 35% of respondentssaid they would be most likely to buy white-gold jewelry if making a purchasefor themselves. Silv...Read More
RAPAPORT... The summer slowdown didn't stop some big stories breaking duringthe past week or two. In the latest Rapaport Diamond Podcast, the editorialteam discusses the consequences of the US Federal Trade Commission's new guidelinesfor marketing lab-grown diamonds, as well as Swatch Group's decision to leaveBaselworld.Also, Editor in Chief Sonia Esther Soltani explains why RapaportMagazine is su...Read More
RAPAPORT... The Jewelry Industry Summit has received tax-exempt status asa charitable organization in the US. The new classification means all donations and contributionsto the group are fully tax-deductible, it said Tuesday. The organization has also reelected Cecilia Gardner, theformer CEO of the Jewelers Vigilance Committee (JVC), as chair. Mike Pace ofConnected Jewelry holds the position...Read More
RAPAPORT... Alleged Indian fraudster Mehul Choksi's US jewelry chain hasfiled for Chapter 11 protection, according to court papers. Samuels Jewelers has brought in liquidators to begin sellingits assets so it can pay off debt, theTuesday filing at the District of Delaware Bankruptcy Court showed. The company listed liabilities between $100 million and $500 million, including $84 million to Wells F...Read More
RAPAPORT PRESS RELEASE, August 8, 2018, Mumbai ... Rapaport Laboratory (RapLab) is pleased to announce the use of the Vision360 diamond photography system to capture video images. The images are available for desktop and mobile viewing for diamonds graded by RapLab. A scannable QR code on the physical report and a link from the RapLab.Com website enable easy access to the videos. Vision360 is...Read More
RAPAPORT... Dharmanandan Diamonds (DDPL) has signed an exclusivelicensing deal with Sirius Star to cut seven of its patented diamondshapes. The Sirius Star cuts offer superior light performance, especially the round brilliant, Mike Botha, creator of Sirius Star (pictured, second from left), told Rapaport News. The four-tier pavilion-facet configuration stops light leaking through, giving...Read More
RAPAPORT... White gold is the most popular metal for self-purchasingmillennial women, with yellow gold trailing in last place, according to a survey by MVI Marketing.MVI conducted the survey in July among 1,001 US women aged25 to 40 with an annual of income of $75,000 or higher. Some 35% of respondentssaid they would be most likely to buy white-gold jewelry if making a purchasefor themselves. Silv...Read More
RAPAPORT... The Jewelry Industry Summit has received tax-exempt status asa charitable organization in the US. The new classification means all donations and contributionsto the group are fully tax-deductible, it said Tuesday. The organization has also reelected Cecilia Gardner, theformer CEO of the Jewelers Vigilance Committee (JVC), as chair. Mike Pace ofConnected Jewelry holds the position...Read More
RAPAPORT... Alleged Indian fraudster Mehul Choksi's US jewelry chain hasfiled for Chapter 11 protection, according to court papers. Samuels Jewelers has brought in liquidators to begin sellingits assets so it can pay off debt, theTuesday filing at the District of Delaware Bankruptcy Court showed. The company listed liabilities between $100 million and $500 million, including $84 million to Wells F...Read More
RAPAPORT PRESS RELEASE, August 8, 2018, Mumbai ... Rapaport Laboratory (RapLab) is pleased to announce the use of the Vision360 diamond photography system to capture video images. The images are available for desktop and mobile viewing of diamonds graded by RapLab. A scannable QR code on the physical report and a link from the RapLab.com website enable easy access to the videos.Vision360 is an aut...Read More