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Rapaport Weekly Market Comment
Diamond markets quiet amid new wave of coronavirus infections. Demand selective with dealers filling specific orders
Polished Markets Jul 16, 2020 Rapaport News
Richemont
Richemont Sales Plunge as Stores Shut
Sales at Richemont’s jewelry brands plummeted in the first fiscal quarter as the coronavirus forced the company to shut
Retail Jul 16, 2020 Rapaport News
Petra Mines
Petra's Tough Sales Pitch
The current plight of Petra Diamonds is a frustrating example of the impact Covid-19 has had on the diamond industry,
Mining Jul 16, 2020 Avi Krawitz
Lucara
Antwerp Cutter to Buy All Lucara’s Large Stones
Lucara Diamond Corp. will sell all its rough diamonds over 10.8 carats through a manufacturing partnership
Mining Jul 16, 2020 Rapaport News
De Beers.
Covid-19 Ravages De Beers Sales
De Beers’ sales and production nosedived in the second quarter as the coronavirus crushed diamond demand throughout the
Mining Jul 16, 2020 Rapaport News
NCDIA
NCDIA Creates Colored-Diamond Ambassador Group
The Natural Color Diamond Association (NCDIA) plans to build a “United Nations” of ambassadors to promote the qualities of natural-color
Polished Markets Jul 15, 2020 Rapaport News
MJSA
MJSA Names Vision Award Winners
Twelve jewelry designers have received the Manufacturing Jewelers & Suppliers of America (MJSA) Vision Award, which
Polished Markets Jul 15, 2020 Rapaport News
Alrosa
Anna Hu Jewels Sell at Christie’s Charity Auction
Christie’s garnered $338,781 from an online charity auction of Anna Hu jewels that will help support the families
Polished Markets Jul 15, 2020 Rapaport News
Sarah Kuijlaars.
De Beers Names Sarah Kuijlaars as CFO
Sarah Kuijlaars will take over as chief financial officer of De Beers on September 1, succeeding Nimesh Patel, the miner
Mining Jul 15, 2020 Rapaport News
Angely Martinez
New Jewelry Group Aims for Greater Inclusion
A New York-based designer plans to establish a trade organization to help jewelers from the black, indigenous and people
Retail Jul 15, 2020 Rapaport News
Chow Tai Fook
Hong Kong Slowdown Hits Chow Tai Fook
Sales in Chow Tai Fook’s Hong Kong stores dropped sharply in the first fiscal quarter amid a decrease
Retail Jul 15, 2020 Rapaport News
Union Bank
Israel’s Union Bank Sells Diamond Portfolio
Israeli finance company Peninsula has agreed to buy Union Bank’s diamond business, pledging to continue offering loans
Financial-Legal Jul 14, 2020 Rapaport News
Phillips
Phillips Hong Kong Auction Garners $6M
A Colombian emerald and diamond ring was the top seller at Phillips in Hong Kong, leading the $6.1
Polished Markets Jul 14, 2020 Rapaport News
Mountain Province
Lenders Grant Waiver to Mountain Province
Mountain Province has obtained a waiver for its revolving-loan agreement as it struggles with challenges in the diamond market
Mining Jul 14, 2020 Rapaport News
Anton Siluanov
Alrosa Reelects Finance Minister as Chairman
Alrosa’s supervisory board has reelected Russian Finance Minister Anton Siluanov as its chairman. He has held the
Mining Jul 14, 2020 Rapaport News
Coronavirus
Coronavirus Updates: Impact on the Diamond Trade
The Covid-19 pandemic that has swept the globe has had a notable impact on the diamond industry,
Polished Markets Jul 14, 2020 Rapaport News
New York 47th Street.
US Import Slump Continues in May
US polished-diamond imports dropped heavily again in May, according to Commerce Department data, with Covid-19 shutting the global
Polished Markets Jul 13, 2020 Rapaport News
Lucapa
Lucapa Revenue Plummets in Second Quarter
Sales of rough from Lucapa Diamond Company’s Lulo mine in Angola plunged in the second quarter, as both the
Mining Jul 13, 2020 Rapaport News
Sierra Leone artisanal miners.
GemFair to Launch Training Program in West Africa
GemFair, De Beers’ program for the artisanal sector, has partnered with two organizations on a training project to enhance
Mining Jul 13, 2020 Rapaport News
Shane Co
Hawaiians, New Yorkers Buy Biggest Diamonds
Consumers in the state of Hawaii purchase the largest diamond engagement rings in the US, with an average size
Retail Jul 13, 2020 Rapaport News
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