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Rapaport Weekly Market Comment
Low expectations for Sep. Hong Kong show due to slowdown in Chinese demand and escalation of political protests.
Polished Markets Aug 15, 2019 Rapaport News
India Arch
India: Cutters Shifting to Lower-Cost Goods
IIJS show sees slow diamond trading, but steady gold inquiries ahead of festival and wedding season.
Research Aug 15, 2019 Rapaport News
Stornoway
Stornoway Fears for Its Future
Stornoway Diamond Corporation has given a stern warning about its ability to remain in business, after failing to find
Mining Aug 15, 2019 Rapaport News
Pandora
Pandora Launches Harry Potter Collection
Pandora and Warner Bros. will partner on a Harry Potter-inspired collection, featuring iconic characters and symbols from
Retail Aug 15, 2019 Rapaport News
Hong Kong airport protest
Trade Seeks Discount for Hong Kong Show
The Hong Kong Jewelry Manufacturers’ Association (HKJMA) is asking the organizers of the September show for a 25%
Polished Markets Aug 15, 2019 Joshua Freedman
Pandora
Pandora to Buy Back $75M of Inventory
Pandora is set to repurchase DKK 500 million ($74.7 million) of unsold jewelry from retailers that stock its
Retail Aug 14, 2019 Rapaport News
Mountain Province
Mountain Province Faces Nasdaq Delisting
Mountain Province has been given six months to raise its share price or it will no longer be eligible to list
Mining Aug 14, 2019 Rapaport News
Tariffs
Tariffs on Chinese Jewelry to Begin September 1
Jewelry imported into the US from China will attract an extra levy of 10%, despite the Trump administration’s
Retail Aug 14, 2019 Rapaport News
Alexis Vouroulis thumbnail
Phillips Makes Latest Hire from Bonhams
Phillips has hired Alexis Vourvoulis to help build up its jewelry business in Los Angeles, a key target market
Polished Markets Aug 14, 2019 Rapaport News
Alrosa purple diamond
Alrosa Offers 15ct. Purple-Pink Diamond
Alrosa is preparing to sell a rare, 14.83-carat pink later this year, as the Russian miner continues its efforts
Polished Markets Aug 13, 2019 Rapaport News
Hong Kong
Hong Kong Polished Imports Slide
Polished-diamond imports to Hong Kong declined 6% in the first half, according to data from the Diamond Federation of Hong
Mining Aug 13, 2019 Rapaport News
IIJS
Trade War Sparks Opportunity for Indian Jewelers
India’s diamond and jewelry trade is hoping to take market share from Chinese suppliers after the US government
Retail Aug 13, 2019 Avi Krawitz
HK protest
Hong Kong Riots Cast Cloud over Show
Diamond traders have raised concerns ahead of next month’s Hong Kong Jewellery & Gem Fair, as mass
Polished Markets Aug 13, 2019 Joshua Freedman
Angola Sales
Angola Sees Rise in Diamond Revenue
Revenue from Angola’s national diamond-trading company, Sodiam, rose 3.9% year on year in the second quarter, with
Mining Aug 12, 2019 Rapaport News
India Data
India Polished Trade Slips to Seven-Month Low
India’s polished-diamond exports slid 18% year on year in July, reaching their lowest level since December 2018.
Polished Markets Aug 12, 2019 Rapaport News
Sarine
Sarine Sales Dip Amid ‘Challenging’ Market
Sarine Technologies saw a sharp decline in revenue during the second quarter, as an oversupply in the midstream led to lower
Polished Markets Aug 12, 2019 Rapaport News
Imports
How Trump’s Tariffs Could Affect the Trade
Long before the threat of tariffs on Chinese goods loomed large, brick-and-mortar retailers in the US were facing challenges.
Financial-Legal Aug 11, 2019 Lara Ewen
KGK, Botswana
Who’s Buying the Rough in 2019?
The stability of the diamond industry is largely in the hands of 122 manufacturers and dealers that buy rough
Rough Markets Aug 11, 2019 Joshua Freedman
Kingold
Weak Demand Dents Sales at China’s Kingold
Sales and profit at Kingold Jewelry decreased in the second quarter as the China-based gold supplier noted a decline
Mining Aug 11, 2019 Rapaport News
Lucara
Lucara Profit Drops Amid Lower-Value Output
Lucara Diamond Corp.’s profit fell in the second quarter amid an increase in the production of smaller stones from
Mining Aug 11, 2019 Rapaport News
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Low expectations for Sep. Hong Kong show due to slowdown
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