RAPAPORT... US market research company NPD Group has hired ReginaldBrack (pictured) as its analyst for the watch and luxury industry."We are delighted to have Reg join our team, and excited forthe added depth of insight into the watch and luxury markets that he willprovide to our clients and retail partners," said Lori Monaco, president of US fashionfootwear, accessories, luxury watches and j...Read More
RAPAPORT... Leading groups in the diamond and jewelry sectors have collaboratedto publish a universal standard to use when referring to natural diamonds and synthetics. The Diamond Terminology Guideline is a reference on diamondvocabulary for all sector organizations,traders and retailers to use, nine industry bodies said in a joint statement Tuesday. The document stipulates that the w...Read More
RAPAPORT... Rough-diamond demand was strong at De Beers' January sight, as manufacturers plan to increase their production in anticipation of post-holiday orders from retailers.The mining company reported proceeds of $665 million in its firstsales cycle of the year, which included last week's sight in Gaborone,Botswana, as well as its rough auctions. While that figure was 9% lower thanthe $72...Read More
RAPAPORT... US market research company NPD Group has hired ReginaldBrack (pictured) as its analyst for the watch and luxury industry."We are delighted to have Reg join our team, and excited forthe added depth of insight into the watch and luxury markets that he willprovide to our clients and retail partners," said Lori Monaco, president of US fashionfootwear, accessories, luxury watches and j...Read More
RAPAPORT... Swiss watch exports grew last year amid stronger demand fromAsian markets, the Federation of the Swiss Watch Industry reported Tuesday.Exports for 2017 increased 2.7% year on year to $21.29billion (CHF 19.92 billion). Shipments to China jumped 19% to $1.64 billion(CHF 1.54 billion), while supply to Hong Kong rose 6% to $2.7billion (CHF 2.52 billion). Those improvements outweighed...Read More
RAPAPORT... The Bharat Diamond Bourse (BDB) will host its first Indian DiamondWeek, featuring 200 to 250 polished-diamond companies, the organization saidMonday. The event, which will take place in April in Mumbai, aims tofoster connections between global buyers and Indian bourse members. While WorldFederation of Diamond Bourses (WFDB) members will receive priority, the eventis open to all diamond...Read More
(IDEX Online) - De Beers sold rough diamonds with a provisional value of $665 million in the first sales cycle (Global Sightholder Sales and Auction Sales) of 2018, due to industry restocking following the holiday sales season. Bruce Cleaver, CEO, De Beers Group, said: "Following positive early signs for diamond jewellery sales over the holiday season in the US, the need for the industry to...Read More
JOHANNESBURG (miningweekly.com) – Diamond miner De Beers achieved an “encouraging” sales performance in the first sales cycle of this year, with industry restocking contributing to increased demand for rough diamonds.The company sold $665-million worth of diamonds in the sales cycle, compared with sales of $445-million in the tenth cycle of 2017.Advertisement“This seasonal...Read More
RAPAPORT... The Gemological Institute of America (GIA) will offer $2million in scholarship funds in 2018 to students in its gemology and jewelry-manufacturing-arts programs. The fund includes a new $500,000 endowment -the Charles and Erna Leutwyler Memorial Scholarship - named for two Texas jewelryretailers and GIA alumni, and donated by their estate. The scholarship provides$18,000 toward s...Read More
(IDEX Online) - Nine of the leading diamond and jewelry industry organizations (AWDC, CIBJO, DPA, GJEPC, IDI, IDMA, USJC, WDC and WFDB) have released a jointly developed Diamond Terminology Guideline. It aims to encourage full, fair and effective use of a clear and accessible terminology for diamonds and synthetics diamonds by all sector bodies, organizations, traders and retailers. ...Read More
VANCOUVER (miningweekly.com) – TSX- and Nasdaq-listed diamond producer Mountain Province Diamonds has signed a definitive arrangement agreement whereby it will buy its exploration spinout Kennady Diamonds in an all-scrip deal worth about C$176-million, the companies announced on Monday.News of the transaction buoyed Kennady's TSX-V-listed stock, lifting shares more than 20% to C$3.31 api...Read More
RAPAPORT... Mountain Province Diamonds will purchase exploration group KennadyDiamonds in an all-share deal, reuniting two Canadian companies that split fiveyears ago. For each Kennady share, its investors will receive 0.975 ofa Mountain Province share, valuing Kennady at $142.7 million (CAD 176 million),the miners said Monday. Once the transaction is complete, Mountain Province shareholderswill o...Read More
RAPAPORT... Rough prices rose at Stornoway Diamond Corporation's firstsale of 2018 as the market improved and the company sold higher-quality productionfrom its Renard mine. Last week's tender in Antwerp achieved an average price of$104 per carat, Stornoway's highest price to date, the miner reported Monday. Somelarger diamonds fetched $140 per carat, while 24 stones above 10.8 carats wentfor an a...Read More
RAPAPORT...Trend forecasting is equal parts science and art - you needto be widely aware of key happenings in your industry, and discerning enough toknow which ones will be most influential. Fortunately for readers, RapaportMagazine has been paying attention, and has tapped the savvy minds of thejewelry trade to get a sense of what's coming. Below are the fruits of theseefforts: 12 trends affectin...Read More
RAPAPORT... De Beers' auctions division will sell diamonds from othermining companies so clients can access a broader range of goods. The company will pilot the new program this year, making iteasier for customers to buy their entire supply in one place, Neil Ventura, DeBeers' executive vice president of auction sales, said in a blog post Monday. DeBeers will use the test period to determine wheth...Read More
GABORONE – Botswana's rough diamond exports fell by 17% in 2017 to 36.03-billion pula ($4-billion) due to weak demand in the second half of the year, central bank data showed on Tuesday.Diamond production in Botswana is predominantly from Debswana, an equal partnership between government and Anglo American’s diamond unit, De Beers.AdvertisementThe central bank did not provides figu...Read More
Bourevestnik, Inc., subsidiary company of ALROSA, supplied and commissioned a set of 27 X-ray luminescence sorters at the new recovery plant of the Cullinan mine in South Africa.The Cullinan Mine is owned 74% by Petra Diamonds Limited and is renowned as the source of very rare blue diamonds and large, high quality gem diamonds, including Type II stones characterized by low nitrogen content (their...Read More
29 Jan 2018, Neil VenturaAs we get up every morning, look in the mirror and see the same face looking back at us, it may be surprising for some people to learn that the human body actually renews most of its cells every ten years. While research has shown that some cells in the body are never replaced, the vast majority of our entire physical structure is changed several times within our lives. S...Read More
Diamonds always have - and undoubtedly always will - captivate our attention. Since the beginning of time, people have been drawn to beautiful, exquisite gems, and diamonds - regardless of the type - are no exception.Their mystique. Their rarity. Their consistent, surprising differences. The pure uniqueness that each stone carries within itself. It's no small wonder that people of all types flock...Read More
Shares in Petra Diamonds (LON:PDL) fell as much as 21% on Monday after the miner cut its forecast for 2018 earnings and said it will produce fewer precious stones as it focuses on recovering larger, more expensive rocks.The South African diamond producer, owner of the iconic Cullinan mine, which produced the diamonds for the British crown jewels, said it expected its 2018 fiscal year earnings to b...Read More