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De Beers Venetia mine
De Beers Profit Jumps as Diamond Market Stabilizes
Profit more than doubled for De Beers last year as trading conditions in the diamond-manufacturing sector improved and...
News Feb 21, 2017 Joshua Freedman
India cutting
India’s Diamond Trade Bounces Back
Diamond trading in India improved in January, according to official data, as the country’s manufacturing sector continues to recover from...
News Feb 21, 2017 Joshua Freedman
Asian Star jewelry
Asian Star Profit Declines While Sales Grow
Asian Star, a Mumbai-based diamond manufacturer, reported profit fell 5 percent in the final three months of last year...
News Feb 14, 2017 Rapaport News
ALROSA Rough
ALROSA Gains as Indian Demand Stabilizes
ALROSA reported a 60 percent jump in diamond sales to $365.4 million in January as manufacturing in India showed signs of a turnaround. India’s...
News Feb 07, 2017 Rapaport News
richline
Samuel Aaron Jewelry Plant to Close
Richline Group is shutting down a jewelry-manufacturing plant in New York State following its acquisition of The Aaron Group...
News Jan 26, 2017 Rapaport News
Blom
Blom Diamonds Set for $4M Takeover
Blom Diamonds, a cutting and polishing firm owned by senior industry figure Ernie Blom, has agreed to be acquired...
News Jan 25, 2017 Rapaport News
Almod Diamonds
Almod Diamonds to Open Canada Cutting Factory
New York-based Almod Diamonds will expand production of its patented 'Crown of Light' cut by opening a new cutting...
News Dec 21, 2016 Rapaport News
Yoram Dvash IDE
Israel Gearing for Diamond Market Recovery
Israel’s diamond industry has undertaken several initiatives this year to lift the level of trading, and morale,...
Profiles Dec 15, 2016 Avi Krawitz
Manufacturing
Asian Star Sales Jump in Fiscal 2Q
Asian Star reported revenue rose 28 percent in the second fiscal quarter, helping the Mumbai-based diamond manufacturer...
News Dec 14, 2016 Rapaport News
Shrenuj Botswana factory
Shrenuj Nears Debt Deal to Ease Liquidity Crisis
Shrenuj & Co. is close to securing at least $100 million in “long-term” funding from an unidentified institutional investor to ease...
News Nov 29, 2016 Rapaport News
alex ani store
Alex and Ani Hires Senior Execs in Global Push
Alex and Ani recruited two retail veterans as the jewelry company prepares for a worldwide expansion. New...
News Sep 28, 2016 Rapaport News
India Arch
Asian Star Revenue Lifted by Steady Diamond Sales
Asian Star’s revenue increased in the first fiscal quarter, the Mumbai-based diamond manufacturer reported. Profit, however,...
News Sep 20, 2016 Rapaport News
Frederick Goldman
Frederick Goldman Hires Veteran to Oversee Quality
Frederick Goldman, a U.S.-based jewelry manufacturer and distributor, appointed former Gemvara executive Noah Pearce to head its...
News Sep 11, 2016 Rapaport News
Uzi Levami, CEO, Sarine
Sarine Sales Surge as Diamond Market Recovers
Sarine Technologies’ revenue rose 45 percent in the second quarter as a pickup in the global diamond trade helped increase...
News Aug 08, 2016 Rapaport News
Kiran Gems
Kiran Gems Expands With New Surat Factory
Kiran Gems opened a new factory in Surat in response to the company’s growth and increased demand. The 200,000...
News Aug 07, 2016 Rapaport News
India
India Set for ‘First of its Kind’ Jewelry Park
India’s Gem & Jewellery Export Promotion Council (GJEPC) is planning to develop the nation’s first industrial park...
News Jul 31, 2016 Rapaport News
James C. Polan OPIC
U.S. Backs Funding for Botswana Diamond Trade
The U.S. government has agreed to guarantee a $125 million loan to Botswana’s diamond manufacturing industry to promote local...
News Jul 26, 2016 Rapaport News
Kitso Mokaila
Botswana Beneficiation Still Viable, Says Minister
Diamond beneficiation is still a viable project in Botswana even as global market conditions have slowed the nation’s trade,...
News Jul 24, 2016 Rapaport News
Shrenuj
Shrenuj Defends Position After Asset Seizure
Shrenuj & Co. said an order seizing its inventories and restricting the movement of its senior managers...
News Jul 05, 2016 Rapaport News
Asian Star logo
Asian Star’s Profit Slides Despite Sales Growth
Asian Star, a Mumbai-based diamond manufacturer, reported profit dropped in the past fiscal year even as revenue rose....
News May 23, 2016 Rapaport News
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