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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,
News Dec 03, 2020 Rapaport News
Birks store Toronto Canada
Birks Sales Slide After Store Closures
Canada-based jewelry retailer Birks Group saw sales slump in its first fiscal half as the coronavirus forced
News Nov 29, 2020 Rapaport News
Luk Fook store MixC World in Shenzhen Bay
Luk Fook Eyes China Expansion
Hong Kong-based Luk Fook will accelerate its expansion in mainland China, considering the market a strong source
News Nov 26, 2020 Rapaport News
Jewelry at store in Delhi, India
Diwali Sales Shine as ‘Bored’ Consumers Return
Jewelry sales in India beat expectations during the Diwali season amid a release of pent-up demand and strong
News Nov 26, 2020 Joshua Freedman
NRF Holiday 150
Sales Will Rise This Holiday, Retail Group Predicts
The National Retail Federation (NRF) has forecast strong growth in US holiday sales, as consumers look for something
News Nov 24, 2020 Rapaport News
Luk Fook HK 150
Luk Fook Warns of Profit Drop
Luk Fook has projected a sharp fall in revenue and profit for the first half of the fiscal
News Nov 22, 2020 Rapaport News
TSL Malaysia store
Hong Kong’s Tse Sui Luen Suffers Heavy Losses
Hong Kong-based jeweler Tse Sui Luen (TSL) fell into the red in its first fiscal half
News Nov 19, 2020 Rapaport News
De Beers rough sorting at Debmarine Namibia
De Beers Sees Third Consecutive Sales Increase
De Beers’ November sales cycle garnered $450 million as retail demand in the US and China supported manufacturers’ appetite
News Nov 18, 2020 Rapaport News
Alrosa 150
Alrosa Gives Cautious 2021 Production Outlook
Alrosa expects to maintain production at its current low levels next year, aiming to reduce inventories that built
News Nov 12, 2020 Joshua Freedman
Damtshaa mine De Beers
De Beers to Stop Production at Botswana Mine
Debswana, De Beers’ joint venture with Botswana, will pause mining at the Damtshaa deposit for an indefinite period,
News Nov 11, 2020 Rapaport News
Alrosa
Alrosa Sales Continue Upward Trend
Alrosa’s sales exceeded 2019 levels for the third consecutive month in October as the diamond market improved
News Nov 10, 2020 Rapaport News
De Beers Insight Report Nov 2020
De Beers: Recovery to Extend ‘Well Beyond 2020’
The diamond sector’s rebound from the Covid-19 crisis will feature ups and downs that will
News Nov 10, 2020 Rapaport News
Asian Star jewelry
Sales Slump at Indian Manufacturer Asian Star
Asian Star’s sales fell in the second fiscal quarter as the coronavirus pandemic continued to affect business for
News Nov 09, 2020 Rapaport News
Michael Lerche Plumb Club podcast
Podcast: Plumb Club Moves with the Times
The pandemic and its impact on trade shows have forced the Plumb Club to help its members
News Nov 09, 2020 Joshua Freedman
Pandora store Cornmarket Oxford UK
Pandora Expects Hit from Second Lockdowns
Pandora has warned that fresh coronavirus-related restrictions could dampen the jeweler’s holiday sales and put
News Nov 04, 2020 Rapaport News
De Beers rough diamonds
De Beers Lets Sightholders Defer Smaller Goods
De Beers is allowing customers to defer purchases of smaller rough at this week’s sight, as reduced manufacturing capacity in India has
News Nov 02, 2020 Joshua Freedman
Tiffany engagement rings
LVMH Seals Tiffany Takeover at Lower Price
Tiffany & Co. and LVMH have settled their public dispute, agreeing to a reduced price for their
News Oct 29, 2020 Rapaport News
Letseng diamonds
Letšeng Prices Exceed Pre-Pandemic Levels
Gem Diamonds’ sales rose sharply in the third quarter as rough prices from its lucrative Letšeng mine
News Oct 28, 2020 Rapaport News
Rough diamonds in Calgary offices De Beers
De Beers Notes Recovery Ahead of Holidays
De Beers’ sales and production rebounded in the third quarter as the impending holiday season revitalized the diamond
News Oct 22, 2020 Rapaport News
Podcast Oct 2020
Podcast: Cash, Credit and Covid-19
The coronavirus crisis has split US jewelers into haves and have-nots, Jewelers Board of Trade (JBT) president
News Oct 20, 2020 Joshua Freedman
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