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Mountain Province
Rough Slump Hits Mountain Province
Sales of rough diamonds at Mountain Province fell 13% in 2019 as a glut in the midstream led to a challenging market.The company’s
News Jan 26, 2020 Rapaport News
De Beers
De Beers Sales Volume Down in 2019
De Beers’ sales fell 8% by volume last year amid a slowdown in the rough-diamond market and weak demand from
News Jan 26, 2020 Rapaport News
Alrosa
Weak Rough Market Dents Alrosa Sales
Rough-diamond sales at Alrosa fell 26% in 2019 as an oversupply in the midstream led to weaker demand.Revenue for the year
News Jan 26, 2020 Rapaport News
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Rapaport Weekly Market Comment
Polished sentiment positive following steady holiday sales. Strong interest in 0.30 ct., D-F, IF-VS1, but high-end
News Jan 23, 2020 Rapaport News
India gold jewelry
India: Chinese New Year Offering Some Optimism
Polished slower than usual for this time of year. Dealers worried about repeat of 2019 diamond glut
Statistics Jan 23, 2020 Rapaport News
De Beers rough
De Beers Plans Overhaul of Supply Policy
De Beers plans to abandon its practice of using sightholders’ purchase history as the main factor in determining how it allocates
News Jan 23, 2020 Joshua Freedman
Gem Legacy
Gem Legacy Adds New Advisory Board Member
Craig Danforth will join the advisory board of Gem Legacy, a nonprofit organization dedicated to supporting African colored-gemstone
News Jan 23, 2020 Rapaport News
DelGatto Koin
DelGatto and Koin Partner on Tender Financing
DelGatto Diamond Finance will provide funding directly to customers of rough and polished tender operator Koin International.
News Jan 23, 2020 Leah Meirovich
RetailRap
How to Sell Luxury Products to Millennials
Millennial consumers are independent, vocal, tech-savvy and used to getting what they want. They have disposable
News Jan 22, 2020 Leah Meirovich
BlueRock
New Production Strategy Pays Off for BlueRock
BlueRock Diamonds reported the first annual profit in its history, as sales grew amid increased production and
News Jan 21, 2020 Rapaport News
GIA Matryoshka 150 Centered
GIA Examines Alrosa’s Matryoshka Diamond
Three months after Alrosa revealed its discovery of a diamond-within-a-diamond, the Gemological Institute of America (GIA) has proposed
News Jan 21, 2020 Rapaport News
NRF Holiday Sales
Holiday Sales Rise Amid Positive Sentiment
US retail sales increased 4.1% during the recent holiday season amid steady consumer confidence, the National
News Jan 20, 2020 Rapaport News
jewelry tariffs
US Trade Continues to Downsize
The US jewelry industry contracted in 2019 as the number of businesses closing shop continued to exceed new entrants. The
News Jan 20, 2020 Rapaport News
GIA Susan Jacques
JVC Honors GIA’s Susan Jacques
The Jewelers Vigilance Committee (JVC) has presented Gemological Institute of America (GIA) CEO Susan Jacques with
News Jan 20, 2020 Rapaport News
Luk Fook Hong Kong store 2016
Luk Fook to Reduce Hong Kong Presence
Luk Fook plans to scale back its Hong Kong store network and expand in mainland China and
News Jan 20, 2020 Rapaport News
Alrosa
Alrosa Takes First Step Toward Reopening Mir
Alrosa has begun drilling at its Mir mine to test whether reopening the deposit is economically viable.This phase,
News Jan 20, 2020 Rapaport News
Bonhams
Bonhams Expands Global Jewelry Team
Bonhams has hired Eleonora D’Ottavi in its latest effort to build up its global jewelry business.D’Ottavi will join
News Jan 20, 2020 Rapaport News
Enzo
Chow Tai Fook Buys Chinese Retailer Enzo
Chow Tai Fook has acquired Enzo Jewelry, a colored-gemstone brand with around 60 retail locations in mainland China.
News Jan 19, 2020 Rapaport News
GIA
GIA Suspends Sealing Service
The Gemological Institute of America (GIA) has halted its diamond-sealing service after fraudsters tampered with packets
News Jan 19, 2020 Rapaport News
Rio Tinto Argyle mine
Rio Tinto Lowers Outlook as Argyle Closure Looms
Rio Tinto expects a decline in diamond production in 2020 as it reduces output at its Argyle mine in Australia, which is set
News Jan 19, 2020 Rapaport News
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Polished sentiment positive following steady holiday sales. Strong interest
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