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Rapaport Weekly Market Comment
Diamond market weak as coronavirus shuts down China and weighs on global economy. Financial markets slump with
Polished Markets Feb 27, 2020 Rapaport News
India
India: Polished Trading Slow
Polished trading slow due to lack of Asian buyers and reduced liquidity. US market stable, but buyers seeking
Research Feb 27, 2020 Rapaport News
NRF
US Retail to Grow in 2020, NRF Predicts
US retail sales will grow 3.5% to 4.1% this year, despite trade tensions and the spreading coronavirus
Retail Feb 27, 2020 Rapaport News
New York Fraud
NY Dealer Sentenced in Memo Theft Case
A New York diamond wholesaler was sentenced to five years of probation and ordered to pay $65,000 after stealing
Polished Markets Feb 27, 2020 Leah Meirovich
Michael Hill store
Online Growth Boosts Michael Hill Sales
Revenue at Michael Hill grew 4.4% year on year to AUD 329.5 million ($216.7 million) in the Australian jeweler’s
Retail Feb 27, 2020 Rapaport News
Watches and Wonders 2019.
Geneva Watch Fair Canceled; Baselworld Still On
The organizers of the Watches & Wonders Geneva show have canceled the April event due to the
Watches Feb 27, 2020 Rapaport News
GIA
GIA Introduces New Mineral ‘Dutrowite’
The Gemological Institute of America (GIA) has confirmed a new mineral species discovered in Italy, which has been
Polished Markets Feb 27, 2020 Rapaport News
Argyle pinks
Rio Tinto Diamond Revenue Drops in 2019
Revenue from Rio Tinto’s diamond division slid 11% to $619 million in 2019 as prices for rough diamonds
Mining Feb 26, 2020 Rapaport News
De Beers sightholder examining rough
De Beers Lets Sightholders Defer Chinese Goods
De Beers has allowed clients to forgo buying certain rough diamonds at this week’s sight, as the coronavirus outbreak
Rough Markets Feb 26, 2020 Joshua Freedman
Firestone Liqhobong 150
Firestone Faces Fallout from Power Disruption
Production at Firestone Diamonds faltered in the second fiscal quarter, as the miner faced a near monthlong power disruption
Mining Feb 26, 2020 Rapaport News
BDB
India’s Diamond Shipments Decline
India’s polished-diamond exports dropped 6% to $1.65 billion in January, reflecting a lower average price, even as volumes rose. Rough
Polished Markets Feb 26, 2020 Rapaport News
GSI treated diamond
Lab Spots New Method for Masking Synthetics
Gemological Science International (GSI) is urging extra diligence after receiving a lab-grown diamond bearing a treatment generally only
Polished Markets Feb 25, 2020 Rapaport News
China customs officials
China’s Diamond Trade Weighs Virus Effect
Chinese retail is almost dead, the country’s bourses are quiet, and even importing rough goods has
Polished Markets Feb 25, 2020 Joshua Freedman
Sarine
Weak Market Drives Sarine to Full-Year Loss
Sarine Technologies reported a loss in 2019, as soft demand in the first nine months outweighed a stronger fourth quarter.The
Technology Feb 25, 2020 Rapaport News
Rough diamonds De Beers
Virus Likely to Impact Demand at De Beers Sight
De Beers and its clients expect a slowdown in rough-diamond sales at the company's Botswana sight this week amid
Rough Markets Feb 25, 2020 Joshua Freedman
Berkshire Hathaway
Retail Sales Rise at Berkshire Hathaway
Revenue from the retail division of Warren Buffett’s Berkshire Hathaway rose 2.5% to $16 billion in 2019, the
Retail Feb 24, 2020 Rapaport News
Lucara
Lucara Revenue Beats Expectations
Lucara Diamond Corp.’s sales rose in 2019 as the miner sold a higher volume of rough from its Karowe
Mining Feb 24, 2020 Rapaport News
The Knot
Couples Shelling Out More on Engagement Rings
US couples spent 4% more on engagement rings in 2019, according to a survey by wedding resource The Knot.Consumers that took part
Polished Markets Feb 23, 2020 Rapaport News
Ellen Joncheere HRD Antwerp
HRD Antwerp Not for Sale (for Now)
The Antwerp World Diamond Centre (AWDC) has postponed the sale of HRD Antwerp, and will instead
Polished Markets Feb 23, 2020 Joshua Freedman
Alrosa
New Alrosa Mine Yields 17ct. Yellow
Alrosa has recovered a 17.44-carat, bright-yellow, gem-quality diamond at its Verkhne-Munskoye deposit, the first colored stone found
Mining Feb 23, 2020 Rapaport News
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