|
|
|
The Diamond Disconnect
|
|
There is a continued disconnect between rough and polished diamond prices. Therefore, any expectations that polished prices will increase on the back of recent rough price hikes are an illusion. Polished suppliers should not expect...
|
|
|
Rough Markets
|
May 24, 2013
|
Avi Krawitz
|
|
|
|
Market Comments 5/23/2013
|
|
Diamond markets stable ahead of Las Vegas shows. Manufacturers pressured by high rough prices and low volume trading. Cutting center liquidity tight as Indian factories close for summer vacation. Sentiment improves as U.S. retailers experience steady 1Q: Signet Jewelers sales +10% to $994M, profit +11%...
|
|
|
|
|
Research
|
May 23, 2013
|
Rapaport
|
|
|
|
Rapaport Diamond Industry Stock Tracker
|
|
The following lists diamond-industry public companies and their share price changes from one week ago as of May 23, at 4 p.m. May 23 May 17 Chng. $1 = Euro 0.770 0.780 -0.010 $1 = Rupee 55.72 54.89 0.8...
|
|
|
Financial-Legal
|
May 23, 2013
|
Rapaport News
|
|
|
|
Rapaport Weekly Indian Market Report
|
|
POLISHED: Activity in the local polished market continues to be on slow due to ongoing summer holidays. Activity continues in VS- category. Market is facing liquidity crisis but gearing up for the upcoming Las Vegas show. Round -1 point: Good demand: $300-$450 whites. Fair demand: $600-$800 whites. -2 point: Good...
|
|
|
Research
|
May 23, 2013
|
Rapaport News
|
|
|
|
|
|
Moscow Buyers to Attend Intl. Diamond Week in Israel
|
|
Press Release: Yair Sahar, the president of the Israel Diamond Exchange (IDE) and Alex Popov, the president of the Moscow Diamond Bourse (MDB), agreed that MDB will organize a delegation of diamond buyers from...
|
|
|
Polished Markets
|
May 23, 2013
|
IDE
|
|
|
|
|
|
Zambia to Host Intl. Emerald Summit
|
|
Press Release: International and local gemstone experts will gather in Lusaka, Zambia later this month for the first Zambian Emerald Summit.The high-level event, which will be held at the Intercontinental Hotel on May 30 and...
|
|
|
Gemstones
|
May 23, 2013
|
Gemfields
|
|
|
|
|
|
Federal Agents Arrest Five in Jeweler Kidnapping Case
|
|
Federal authorities arrested five suspects in connection with a Fairfield, Connecticut robbery and kidnapping that occurred on April 11 at Lenox Jewelers. A joint task force including the Fairfield Police, Meriden Police, the Federal Bureau of Investigation,...
|
|
|
Financial-Legal
|
May 23, 2013
|
Jeff Miller
|
|
|
|
|
|
Earthworks, Trade Unions Say RJC's Certification Misleads Consumers
|
|
Press Release: In a new report, ''More Shine Than Substance: How RJC Certification Fails to Create Responsible Jewelry,'' an international coalition of labor and environmental groups indict the Responsible Jewellery Council's (RJC) certification system as misleading...
|
|
|
Fair Trade
|
May 23, 2013
|
Earthworks
|
|
|
|
|
|
Stolen Diamond Necklace Marks a Second Theft at Cannes
|
|
(RAPAPORT) dpa: A diamond necklace worth close to $2.6 million has been stolen on the sidelines of the Cannes Film Festival in France, the second such jewelry theft at the event in a week, French radio reported Thursday.The...
|
|
|
Polished Markets
|
May 23, 2013
|
dpa
|
|
|
|
|
|
Stuller Promotes Rosen to Head Bridal, Jewelry
|
|
Stuller Inc. promoted Maren Rosen to executive director of the group's jewelry and bridal segment. With her new title, Rosen will be responsible for identifying and understanding emerging trends and developing compelling product...
|
|
|
Marketing
|
May 23, 2013
|
Jeff Miller
|
|
|
|
|
|
Signet's 1Q Sales +10%, Profit +11%, EPS +18%
|
|
Signet Jewelers reported that sales rose 10.4 percent year on year to $993.6 million for the first quarter that ended on May 4. Same-store sale increased 6.4 percent and ecommerce revenue jumped 40.7 percent...
|
|
|
Financial-Legal
|
May 23, 2013
|
Jeff Miller
|
|
|
|
|
|
Rio Tinto Diamonds Launches Diavik Auction Platform
|
|
Rio Tinto Diamonds launched a sales platform to auction a portion of its Diavik diamond production outside of its usual supply agreements with diamantaires. The platform is aimed at increasing efficiency for diamantaires’ rough sourcing activities, according...
|
|
|
Rough Markets
|
May 23, 2013
|
Deena Taylor
|
|
|
|
|
|
Lucara's Special Diamond Tender Nets $25M
|
|
Lucara Diamond Corporation held a special tender of Karowe diamonds on May 22, which consisted of 15 single lots of diamonds. All 15 stones were sold for $24.85 million or $30,468 per carat. The highest value stone was...
|
|
|
Rough Markets
|
May 22, 2013
|
Jeff Miller
|
|
|
|
|
|
Zale, Saks Post Strong Gains on the NYSE
|
|
Shares in Zale Corporation closed 22 percent higher for the day at $6.60 on the New York Stock Exchange (NYSE), following stronger than expected third quarter results. Zale's shares were up 183 percent from one...
|
|
|
Financial-Legal
|
May 22, 2013
|
Jeff Miller
|
|
|
|
|
|
JCPenney Secures a $2B Loan Facility
|
|
J. C. Penney Company Inc. entered into a new five-year $2.25 billion senior secured term loan credit facility, which was an amount higher than the anticipated $1.75 billion originally announced on April 29. Proceeds of the...
|
|
|
Financial-Legal
|
May 22, 2013
|
Jeff Miller
|
|
|
|
Brazil's Mining Framework Increases Diamond Mining Royalties
|
|
Brazil is expected to enact a new mining regulatory framework in June, according to the O Estado de S. Paulo newspaper. The proposed legislation changes royalty payment calculations (known as CFEM tax) from net sales to one that is charged against gross sales. The revision would realize CFEM revenue of about $2 billion,...
|
|
|
Mining
|
May 22, 2013
|
Jeff Miller
|
|
|
|
Financial-Legal
|
May 22, 2013
|
Jeff Miller
|
|
|
|
Fair Trade
|
May 22, 2013
|
Rapaport
|
|
|
|
|
|
IGI Completes Jewelry Design Course in Bahrain
|
|
Press Release: The International Gemological Institute (IGI) completed its first jewelry design course in Bahrain on May 18, 2013. The 12-day training was conducted in association with the Bahrain Ministry of Industry and Commerce.The...
|
|
|
Research
|
May 22, 2013
|
IGI
|
|
|
