RAPAPORT... Tse Sui Luen (TSL) plans to open 100 stores in mainland China overthe next two years, after witnessing solid growth in the region over the pastfiscal year. The jewelry retailer intends to focus more on shopping-malllocations rather than department stores, it said last week. The move comes afterrevenue increased 21% to $527.2 million (HKD 4.14 billion) in the 13 monthsending March 31 co...Read More
RAPAPORT... The Kimberley Process (KP) discussed plans for a reformagenda at its intersessional meeting in Antwerp last week, includingbroadening its definition of conflict diamonds. "I believe the industry has expressed an unambiguous andclear position," acting president Stephane Fischler of the World DiamondCouncil (WDC) - the group that represents the interests of the globaldiamond industry wit...Read More
RAPAPORT... Michael Hill will close all 30 Emma & Roe stores as itredeploys funds and resources to its core business, it said last week. The Australia-based retailer had initially planned to shut only24 of its 30 Emma & Roe stores in Australia and New Zealand by June 30 dueto lackluster sales. "Following a strategic review, we have decided that asingular focus on the Michael Hill brand wi...Read More
RAPAPORT... Sarin Bachmann will run the JCK and Luxury trade fairs inLas Vegas from next year, succeeding Katie Dominesey, the events' organizerssaid. Reed Jewelry Group has promoted Bachmann (pictured) toevent vice president for the two exhibitions, the company reported lastweek. Bachmann has been industry vice president for the Luxury show for thepast three years, and will continue to oversee th...Read More
(IDEX Online) - During the Intersessional Meeting of the Kimberley Process which took place from 18 to 22 June in Antwerp, the Central African Republic made substantial progress with the European Union Chair Hilde Hardeman and South Africa, Chair of the Working Group of the Monitoring Team, the CAR said in a statement. Notably, the Monitoring Team of the Central African Republic has agreed on sho...Read More
(IDEX Online) - ALROSA has launched a collection of 32 round diamonds weighing 0.3 carats each named after the countries participating in the World Cup. All the diamonds are high quality, D to F color and VVS2 to IF clarity, mined in Russia and cut by ALROSA's subdivision, DIAMONDS ALROSA "in keeping with the best traditions of the world-famous Russian cut". The diamonds are being offer...Read More
RAPAPORT... The Kimberley Process (KP) discussed plans for a reformagenda at its intersessional meeting in Antwerp last week, includingbroadening its definition of conflict diamonds. "I believe the industry has expressed an unambiguous andclear position," acting president Stephane Fischler of the World DiamondCouncil (WDC) - the group that represents the interests of the globaldiamond industry wit...Read More
(IDEX Online) - ALROSA shareholders have approved the distribution for 2017 of 38.59 billion rubles (approximately $618 million) in dividends. According to the consolidated financial statements of PJSC ALROSA and its subsidiaries prepared in conformity with IFRS Standards, the net profit, net of income attributable to the non-controlling interest, amounted to 77.075 billion rubles (approximately $...Read More
Diversified junior miner Tango Mining has produced 95 diamonds, weighing 152.63 ct, at its Oena alluvial diamond operation, in South Africa’s Northern Cape province, for the production period ending June 14.The diamonds were sold at an average price of $973.13/ct and included a 10.23 ct diamond that sold for $1 464.32/ct.AdvertisementDiamond production from Oena, since Tango acquired the min...Read More
RAPAPORT... Trans Hex Group's losses widened 2% to $13.9 million (ZAR186.8 million) in the past fiscal year, reflecting the termination of its LowerOrange River (LOR) mining operations. The company halted production at the unprofitable LORdivision in South Africa in October, and agreed in April to sell the assets toa firm called Lower Orange River Diamonds. Revenue from LOR fell 54% to $15.3m...Read More
RAPAPORT... Swiss-watch exports grew 5% in May amid stronger demand ingreater China and the US.Global shipments of Swiss timepieces came to $1.82 billion(CHF 1.8 billion) for the month, the Federation of the Swiss Watch Industry reported last week.Exports to Hong Kong leaped 26% year on year to $286.3 million (CHF 282.8million), with shipments to China up 6% to $124.1 million (CHF 122.6 million) -...Read More
RAPAPORT... Diamond-jewelry sales grew 7% in the main retail marketsduring the first quarter amid strong consumer sentiment and beneficial fluctuationsin exchange rates, according to Alrosa.Revenues increased 5% year on year in the US and Canada, thelargest consumer market, the Russian miner said Friday. Sales in theAsia-Pacific region jumped 11%, with strong growth in mainland China, Hong Kongand...Read More
RAPAPORT... US states can now collect sales taxes from online retailers,the nation's Supreme Court has ruled.The court overturned a 1992 decision that exempted companiesfrom the duty if they didn't have a physical presence in the state. Traditionalretailers largely considered that status quo unfair, as, they claimed, it gavee-commerce players a competitive advantage. Five out of nine Supreme Court...Read More
RAPAPORT... Diamond-jewelry sales grew 7% in the main retail marketsduring the first quarter amid strong consumer sentiment and beneficial fluctuationsin exchange rates, according to Alrosa.Revenues increased 5% year on year in the US and Canada, thelargest consumer market, the Russian miner said Friday. Sales in theAsia-Pacific region jumped 11%, with strong growth in mainland China, Hong Kongand...Read More
(IDEX Online) - In Q1 2018, sales of jewelry set with polished diamonds in the main global consumer markets grew by 7% on the year, according to an analysis conducted by ALROSA based on the data of retailers and the states' national statistics. ALROSA said the results were driven by positive market dynamics on rising consumer interest and currency exchange rates fluctuations. Sales of diamo...Read More
(IDEX Online) - From June 19 to 22, Antwerp was the host city for the Kimberley Process (KP) Intersessional meeting. This year, the European Union occupied the KP Chair. The global diamond community - consisting of diamond-producing and trading countries, the diamond industry and civil society - gathered together to assess the current state of affairs and look forward to the future of the K...Read More
(IDEX Online) - ALROSA's management has decided to revise its output plan at its International underground mine as the company toughens its approach to health and safety management, though the 2018 production plan remains unchanged, it said. The results of the audit conducted following the Mir mine accident last year led to a revision of the construction project for the International mi...Read More
The collection consists of 32 round diamonds, 0.3 carats each, named after the countries - participants of the World Cup. All diamonds are of high quality, D to F color and VVS2 to IF clarity, they were mined in Russia and cut by ALROSA's subdivision - DIAMONDS ALROSA, in keeping with the best traditions of the world-famous Russian cut.Diamonds will be offered to natural persons and legal entities...Read More
22 June 2018 - In Q1 2018, sales of jewelry with polished diamonds in the main global consumer markets have grown by 7% as compared to the last year. This is evidenced by the analysis conducted by ALROSA experts based on the data of retailers and the states' national statistics. According to ALROSA's estimates, positive market dynamics was mostly driven by consumer interest growth and changed curr...Read More
Aim-listed BlueRock Diamonds has resumed production at its Kareevlei mine, in Kimberley.The company had reported earlier this month that a fault had been identified in the cone crusher within the crushing circuit at the mine, which was negatively affecting throughput.AdvertisementWhile the fault on the crusher is being assessed, the company has reached an agreement on rental terms for a replacemen...Read More