RAPAPORT... Israel's polished-diamond exports fell 21% to $2.62 billionin the first nine months of the year, according to data from the nation'sMinistry of Economy. Shipments to the US, Israel's largest export market,dropped 14% to $1.13 billion, while supply to Hong Kong slid 46% to $577million.Israel Trade Data for Jan-Sep 2019 Read More
RAPAPORT... Weak rough-diamond demand led to a drop in profit at Alrosa in the third quarter, the Russian miner reported. Profit slid 44% to RUB 13.5 billion ($211.6 million) for thethree months ending September 30, as revenue faltered and the company's margin fell it said lastweek. Sales decreased 37% to $611 million, as proceeds from bothrough and polished diamonds declined. Rough sa...Read More
RAPAPORT... Forevermark has opened its first boutique in the US, inpartnership with the owners of Padis Jewelry."In opening our first Forevermark boutique, consumers willbe able to more deeply experience and appreciate the full journey of aForevermark diamond," Forevermark US president Charles Stanley said last week. The De Beers-owned brand opened the store in Walnut Creek, California as a j...Read More
RAPAPORT... Jewelry sales at Richemont increased 8% in the first fiscalhalf, even as the company faced a challenging market in Hong Kong. Jewelry proceeds at Cartier and Van Cleef & Arpels roseto EUR 3.74 billion ($4.12 billion) in the six months ending September 30,while watch sales grew 1% to EUR 1.57 billion ($1.73 billion), Richemontreported Friday. Cartier's Love and Juste un Clou j...Read More
(IDEX Online) - Alrosa has debuted a pilot digital tender program that gave buyers access to a full digital scan of each rough diamond for sale. To do so, the mining company used various tools and technology from Sarine Technologies, including Sarine's Galaxy inclusion mapping and DiaExpert planning.The scans give information about each rough diamond's detailed external shape, internal i...Read More
(IDEX Online) - The Women's Jewelry Association (WJA) has debuted a new learning program, "Negotiable," to help its members build their ability to negotiate a promotion, a better vendor contract or higher sales.The program includes videos, assessments and worksheets and is part of the organization's Gender Equality Project. Data shows that women make the vast majority of purchase de...Read More
(IDEX Online) - Alrosa has announced that revenue for the third quarter of 2019 dropped 20 percent to 46 billion rubles ($721.3 million) compared to the previous quarter. Sales were down 23 percent in the quarter. Year-over-year, revenue dropped 35 percent while sales dropped 5 percent. Alrosa also sold a higher volume of small-size diamonds, which contributed to the fall in revenue. In...Read More
Poster South Africa mine regeneration on trackSPONSOREDorion mineralsEscondida produced 8.4% less copper in the first nine months of the year, falling to 870,400t from 950,900t in the prior year period as ore grades fell 5%.Codelco saw its output fall 6.7% from 1.3 million tonnes to 1.2Mt. Codelco's operations in northern Chile were impacted by heavy rains in February and then a strike at Chuquica...Read More
RGLD earnings call for the period ending September 30, 2019.Read full newsRead More
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