RAPAPORT... De Beers sold $550 million worth of goods at its May salescycle as strong consumer demand boosted the rough-diamond market.The miner raised prices for the third consecutive sight amidthe strong demand, with the emphasis on larger categories, sources told RapaportNews. De Beers made certain price changes by adjusting the way it sorts stonesinto boxes, a rough-diamond broker noted. "We s...Read More
Russian diamond miner Alrosa has successfully held its first auction in two years in the US, following the recent reopening of its representative office in New York.The New York office was first opened in 2006, but has not operated since 2016.AdvertisementAlrosa re-entered the market with an auction from April 23 to May 11, which netted $10.38-million. The company sold 63 lots comprising 1 04...Read More
Forevermark, the diamond brand from De Beers Group, today announced the launch of Libert'aimeTM by Forevermark, a new flagship store at HKRI Taikoo Hui in Shanghai. The opening marks the 1,000th Forevermark store in China, and comes as the brand celebrates its 10-year anniversary in the country.Created to celebrate the spirit of a new generation of women who are strong, unique, and authentic, Lib...Read More
RAPAPORT... Stornoway Diamond Corporation has reduced its production-and-salesexpectations for this year, as its shift to underground mining has resulted in lowergrades.The company now plans to produce between 1.35 million and1.4 million carats from its Renard mine in Canada in 2018, a drop from its initialforecast of 1.6 million carats, it said in a statement last week. It alsolowered its project...Read More
(IDEX Online) - The Israel Diamond Institute Group of Companies (IDI) will host 38 companies this year, including three new exhibitors, in its national pavilion at the June Hong Kong Jewellery & Gem Fair. The event will take place from June 21 - 24 at the Hong Kong Convention & Exhibition Centre. In addition, five Israeli companies will be exhibiting in other locations throughout t...Read More
RAPAPORT... Jewelry sales at Richemont - the owner of Cartier and VanCleef & Arpels - increased 9% in the past fiscal year, making the division theluxury retailer's largest product group by revenue. Proceeds from the category rose to $5.33 billion (EUR 4.54billion) in the 12 months that ended March 31, while sales in the watchdivision grew 1% to $5.13 billion (EUR 4.37 billion), Richemont repo...Read More
(IDEX Online) - ABN AMRO, a long-time major financier to the global diamond and jewelry businesses, is closing its branches in the United States and Dubai, according to a transcript of comments made by officials to journalists and analysts. The American branch is being closed due to the bank's small portfolio. Meanwhile, the Dubai branch is being shuttered as part of a decision...Read More
RAPAPORT... Jewelry sales were strong at Macy's and J.C. Penney in thefirst fiscal quarter, the companies said. "Fine jewelry was a standout performer, including ourproprietary Star Signature Diamond Collection," Macy's CEO Jeffrey Gennettesaid last week in an earnings call transcribedby Seeking Alpha. Macy's total sales rose 4% year on year to $5.54 billion forthe three months ending May 5,...Read More
RAPAPORT... ABN Amro is terminating its diamond and jewelry lendingbusiness in the US and the United Arab Emirates (UAE), the Amsterdam-based banksaid.The lender decided to end its services to the US industrydue to its "very small portfolio," a spokesperson for the company said Monday.The bank will also close its office in Dubai for diamond and jewelry clients aspart of a move to end its overall p...Read More
RAPAPORT... Meghan Markle wore the Queen Mary Diamond Bandeau Tiara at herSaturday wedding to Prince Harry, Kensington Palace said. The headpiece, which held the bride's veil in place, wasmade in 1932, and is a flexible band of 11 sections. It is comprised of diamonds andplatinum, and pav?(C)-set with large and small brilliant diamonds. The County ofLincoln gave the centerpiece - a detachable broo...Read More
RAPAPORT... Jewelry sales at Richemont - the owner of Cartier and VanCleef & Arpels - increased 9% in the past fiscal year, making the division theluxury retailer's largest product group by revenue. Proceeds from the category rose to $5.33 billion (EUR 4.54billion) in the 12 months that ended March 31, while sales in the watchdivision grew 1% to $5.13 billion (EUR 4.37 billion), Richemont repo...Read More
(IDEX Online) - The Union of Northern Workers, which represents unionized workers at Dominion Diamond's Ekati mine (above), is accusing Dominion of wanting to lay off 150 workers. Dominion has threatened to lay off the workers and replace them with contractors due to "unsustainable" absenteeism. The union says the mining company has not backed up the claims. Dominion's CEO...Read More
It's the story of the weekend. Even if you don't follow the Royals, you probably got a glimpse of Prince Harry and Meghan Markle's wedding somewhere.One of the most important elements in the ceremony was the wedding ring, particularly the one given to the bride. Similar to her engagement ring and following a 100-year-old tradition, Markle's band was fashioned from a piece of Welsh Gold, gifted by...Read More
Gemfields has once again partnered with the G? 1/4 belin Gem Lab to embed nanoparticles proving origin into all emeralds for sale at the upcoming auction in Lusaka, Zambia from 15-18 May 2018, to drive greater levels of transparency in the coloured gemstone sector.Why is this important for coloured gemstones customers?- Brands and their customers are becoming increasingly aware of the need to know...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has generated a further A$4-million in sales from a parcel of 1 632 ct of diamonds from its Lulo project, in Angola.The miner said on Friday that the parcel did not include the gem quality 46 ct pink diamond or other large special diamonds recently recovered from Mining Block 4.AdvertisementThe recently recovered pink diamond wa...Read More
Moscow. May 17, 2018 - A representative of ALROSA, the world's largest diamond mining company, was elected as Vice Chair of Responsible Jewellery Council (RJC) on May 17.On May 17, Peter Karakchiev, ALROSA's Head of International Relations, was elected as RJC's Vice Chairman at its 2018 annual general meeting held in Moscow.The RJC is an international standards setting and certification organizati...Read More
Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to US$82 billion, a two per cent increase on the previous year, according to industry insight data published today by De Beers Group.The US was the main driver of growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence saw demand for diamond jewellery increase four pe...Read More
Dealers optimistic aheadof Vegas shows, despite sluggish May trading. 2018 looking better than 2017. GemGen??ve demonstrates robust high end. Sotheby's Genevasells $86M (82% by lot) as pear-shape, 6.16 ct., fancy dark grey-blue, SI1diamond fetches $6.7M ($1.1M/ct.). Christie's Geneva garners $82M (88% by lot),with cushion, 50.47 ct., D, VVS1 Harry Winston diamond going for $6.5M ($129K/ct.).India'...Read More
(IDEX Online) - Global consumer demand for diamond jewelry hit a new all-time high in 2017, climbing to $82 billion, a 2% increase on the previous year, according to industry insight data published by De Beers Group. The US was the main driver of growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence saw demand for diamond jewelry increase 4% to...Read More
JOHANNESBURG (miningweekly.com) – Global consumer demand for diamond jewellery hit a new all-time high in 2017, climbing to $82-billion, a 2% increase on the previous year, according to industry insight data published by De Beers on Thursday.The US was the main driver of growth for the fourth consecutive year, where positive macroeconomics and strong consumer confidence saw demand for diamon...Read More