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Rockwell Diamonds
Rockwell's 4Q Revenue +11%, Loss Narrows to $4M
Rockwell Diamonds reported that revenue increased 11 percent year on year to $9.1 million for the fourth quarter that ended on February 28. The average per carat value of rough diamonds sold rose 30 percent to $1,355...
Mining May 24, 2013 Jeff Miller
court
Macy's, JCP, Target, Others Sue Visa, MasterCard Over Swipe Fees
A number of major U.S. retailers sued Visa and MasterCard over swipe fees, ahead of a May 28 deadline for retailers to opt in, or out, of a $7.25 billion proposed settlement on this same issue. Plaintiffs, including Macy's, Target,...
Financial-Legal May 24, 2013 Jeff Miller
Court
Court Dismisses Wynn Diamond Case
The U.S District Court of the Central District of California granted a motion for summary judgment in the ''Wynn Diamond'' case to defendant Brett Stettner. The plaintiff, Diane Breitman, the owner of Queen of Diamonds of Los Angeles,...
Financial-Legal May 24, 2013 Ricci Dipshan
blue diamond
Petra Sells Blue Rough Diamond for $17M
Petra Diamonds sold an exceptional 25.50 carat blue diamond that was recovered from its Cullinan mine in South Africa in April for $16,910,180 or $663,144 per carat.Johan Dippenaar, the CEO of Petra, said, “We are...
Rough Markets May 24, 2013 Jeff Miller
Gold Star to Launch Ttva Brand
Press Release: Gold Star Jewellery Pvt. Ltd., a De Beers sightholder, is developing patented cuts with a brand name of Ttva. The new cuts were developed under the technical and design guidance of the brand's promoter, Sanjay Shah, who will launch Ttva, the ''Innovative Solitaire'' at JCK...
Marketing May 24, 2013 Gold Star
Shrenuj Botswana Diamond Factory
Shrenuj & Co.'s FY Sales +22%, Profit +4%
Shrenuj & Company reported that revenue increased 22 percent year on year to $711.3 million (INR 38.6 billion) for the fiscal year that ended on March 31. Profit rose 4 percent to $13.5 million (INR 734...
Financial-Legal May 24, 2013 Jeff Miller
ALROSA Diamond Grading
ALROSA's 1Q Production -8%, Sales +5% to $1B
ALROSA's rough diamond production fell 7.5 percent year on year to 7.48 million carats for the first quarter that ended on March 31. However, rough and polished diamond sales in the first quarter jumped...
Rough Markets May 24, 2013 Jeff Miller
Rough Diamonds
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 TradeWire May 24, 2013
RAPAPORT NEWS SERVICE | May 24, 2013 www.rapaport.com | news@rapaport.com...
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
Israel Diamond Exchange
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
Gemfields
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
Crime
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
Marange Rough
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
Crime
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
maren
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
kay
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
Diavik Diamond Mine, Courtesy: Diavik Diamond Mine
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
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