RAPAPORT... The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working Group (CGWG) will collaborate to help companies in theindustry implement responsible sourcing for gemstones such as rubies, emeraldsand sapphires.The groups will develop management tools and resources thatcolored-gemstone businesses can download free of charge, to support them in conductingdue diligence of...Read More
Sarine Technologies Ltd. launch a new, innovative sales tool for retailers, the 3D-Origin a 3D-printed accurate model of the rough diamond from which the Sarine Journey verified polished diamond was derived. The 3D-Origin model is generated as an optional add-on to the Sarine Diamond Journey rough-to-polish diamond report. It uses Sarine's proprietary Diamond Journey cloud-based data exclusi...Read More
De Beers's diamond sales plunged to the lowest since 2017 in the company's latest offering, underlining a slump in the industry worldwide.Sales by the Anglo American Plc unit dropped 25% from a year ago to $415 million, and were down 29% from an offering last month. It's often a quieter time of the year because the industry has already restocked after the key holiday period, but total sales so far...Read More
RAPAPORT... De Beers' sales fell to their lowest level in more than ayear and a half, as a slowdown in the Indian manufacturing sector hit roughdemand. Revenue dropped 25% to $415 million for the fourth salescycle of the year, which included last week's May sight in Botswana, thecompany reported Tuesday. Proceeds haven't been that low since October 2017, when De Beers garnered just $376 million am...Read More
RAPAPORT... A private collection of more than 800 luxury watches will gounder the hammer at four Sotheby's auctions in London, Geneva, New York andHong Kong over the coming year and a half. The Masterworks of Time sale series comprises pieces from the last500 years that have been out of the public eye for a long time, Sotheby's saidrecently. The collection also encompasses clocks from the past 400...Read More
RAPAPORT... Round diamonds have long been the most popular in the US, but fancy shapes also have a following in certain cities, according to a study by Blue Nile. Round-cut diamonds continue to be the most popular shape inmost states, accounting for 66% of nationwide orders, the jeweler said lastweek. However, when it comes to fancies, Blue Nile receives the most orders foremerald and princes...Read More
JCK announced that His Excellency Dr. Mokgweetsi Eric Keabetswe Masisi, President of the Republic of Botswana, will open the JCK Las Vegas Show as a keynote speaker on Friday, May 31, 2019 at 7:30 am in the Palazzo Ballroom, Venetian Level 5. This "historic conversation will focus on the special connection between the Americans and the people of Botswana as His Excellency, the President of the Rep...Read More
Since the beginning of the year, the news releases issued by the De Beers Group regarding their periodical rough diamond sales (Global Sightholder Sales and Auction Sales) keep getting shorter and shorter. That was also valid for the report concerning De Beers' news on for the fourth sales cycle - or sight - of 2019. The moment these releases will get longer again, it will be to announc...Read More
Aaron Shum Jewelry of Hong Kong and designer Reena Ahluwalia partnership is set to add more dazzle to JCK this year. The brand will be exhibiting Coronet's ninth Guinness World Record and their Alyssum by Reena collection at JCK Las Vegas, booth 57096. The Mudan diamond watch was awarded the Guinness World Record at Baselworld for most diamonds set on a watch. The watch is set with 15,858 di...Read More
The Securities and Exchange Commission (SEC) obtained a court order halting an ongoing $30 million Ponzi scheme targeting more than 300 investors in the U.S. and Canada. The SEC complaint unsealed Monday charges South Florida-based Argyle Coin, LLC, a purported cryptocurrency business, and its principal Jose Angel Aman with using investor funds to run a Ponzi scheme. On May 20, the Honorable Judge...Read More
RAPAPORT... A private collection of more than 800 luxury watches will gounder the hammer at four Sotheby's auctions in London, Geneva, New York andHong Kong over the coming year and a half. The Masterworks of Time sale series comprises pieces from the last500 years that have been out of the public eye for a long time, Sotheby's saidrecently. The collection also encompasses clocks from the past 400...Read More
The value of De Beers’ rough diamond sales for the fourth cycle of this year fell year-on-year “against a backdrop of macroeconomic uncertainty”, CEO Bruce Cleaver said on Tuesday.Sales decreased to $415-million, compared with $554-million in the fourth sales cycle of 2018.AdvertisementThis was also lower than the sales of $581-million recorded for the third sales cycle of this y...Read More
RAPAPORT... Frederick Goldman has opened a lab-grown manufacturing center inMexico as part of its new jewelry supply business. Jewelry SolutionsGroup manufactures custom diamond jewelry and engagement rings, delivered to customer within a week. The venture is comprised of two units, an existing facility for natural-diamond jewelry, and a separate site for lab-grown pieces, both in Mexic...Read More
RAPAPORT... The Gemological Institute of America (GIA) has discovered asynthetic layer that improved the weight and color of a natural diamond, and haswarned that the phenomenon may be happening more often. The cushion modified brilliant, 0.64-carat stone containedabout 0.10 carats of chemical vapor deposition (CVD) diamond, the GIA estimatedin a lab note last week. The lab-grown layer was greyish...Read More
RAPAPORT... Sarine Technologies posted a loss in the first quarter ascredit problems in the Indian manufacturing sector led to softened demand forits equipment. The diamond-technology company reported a net loss of $1.4million, versus a profit of $3.1 million for the same period last year, thecompany said last week. The company's customers in India, its largest market,struggled to obtain cred...Read More
RAPAPORT... Two jewelry veterans have debuted a group that aims toincrease awareness of, and demand for, lab-grown diamonds in the US. The Lab Grown Diamond Council (LGDC) will introduce newinitiatives for the synthetics market, including research services, socialmedia and education about sustainability. Chris Casey, the former publisher of National Jeweler,will serve as the group's president, an...Read More
Russia's major diamond mining firms including Alrosa have urged India to amend consumer laws on synthetic diamonds so that there is clarity on the quantity of synthetic diamonds entering the country and how they are being used, Indiass Economic Times: reported. Industry executives said that around 5 million carats of synthetic diamonds are produced globally, and the volume is increasing, cau...Read More
The Responsible Jewellery Council (RJC) held its first - virtual - annual general meeting (AGM) this week, appointing a series of new board members. The event was broadcasted to all RJC member companies globally from Chatham House in London on Tuesday 14 May 2019. During the meeting, RJC Chair David Bouffard announced a series of appointments to the RJC board of directors and its standards, assura...Read More
The Zimbabwean news website Bulawayo24 reported that National Patriotic Front Spokesperson Jealousy Mawarire had heard that the Chinese authorities has refused to honor a $5 billion loan that was requested by President Emmerson Mnangagwa. He noted that China argued it had only pledged to honor the loan agreements made during the tenure of former President Robert Mugabe, adding that that China is s...Read More
RAPAPORT... Sarine Technologies posted a loss in the first quarter ascredit problems in the Indian manufacturing sector led to softened demand forits equipment. The diamond-technology company reported a net loss of $1.4million, versus a profit of $3.1 million for the same period last year, thecompany said last week. The company's customers in India, its largest market,struggled to obtain cred...Read More