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India Arch
CaratLane Receives Funding of $31M
(RAPAPORT) Chennai-based online jeweler CaratLane raised $31 million in a series D round of funding from existing investor Tiger Global. Following this round of investment, Tiger Global has become the majority stakeholder in the retailer. The...
Financial-Legal Jan 23, 2015 Media
Lucapa
Lucapa Receives $15M Bridge Financing
Lucapa Diamond Company Ltd. secured a $15 million bridge financing facility for the Lulo diamond concession in Angola. The 12-month financing bridge is subject to the satisfactory completion of due diligence, investment approvals, security and...
Financial-Legal Jan 23, 2015 Jeff Miller
AWDC
Press Release: AWDC Hosts Diamond Financing Seminar in Davos
Press Release: Yesterday, on the margin of the World Economic Forum, the Antwerp World Diamond Centre (AWDC) setup a dedicated diamond financing seminar in Davos, introduced by Flemish Minister President, Geert Bourgeois, and attended by international...
Financial-Legal Jan 23, 2015 AWDC
Venus Jewel
Mahiar Borhanjoo Joins Venus Jewel
Venus Jewel appointed Mahiar Borhanjoo as its managing director of Venus Jewel International. He will be focused on creating new business ventures and growing the global portfolio of Venus Jewel. Borhanjoo joins the firm with a wealth...
Manufacturing Jan 23, 2015 Jeff Miller
Okavango
Okavango Sales
Okavango Diamond Company completed a successful first full year in business in 2014. The Botswana parastatal sold approximately 3.27 million carats for revenue of $552 million during the year, management told Rapaport News. That...
Rough Markets Jan 23, 2015 Avi Krawitz
Ranjeet Barmecha - Niru
Steady Growth for High-End Princess, Baguette Market
Niru Diamonds is an Israel-based diamond manufacturer focused on supplying to the high-end jewelry and watch sectors. The company was recently honored by Israel’s president as an outstanding exporter for 2013 with exports of $112 million for that...
Manufacturing Jan 23, 2015 Avi Krawitz
Market Comments 1/22/2015
Polished market improves with steady U.S. demand for I1-I2 clarity diamonds. Dealers lacking in confidence as buyers push for lower prices. Far East markets cautious ahead of Lunar New Year as China’s 2014 GDP growth slows to 7.4%. De Beers reduces prices as sightholders defer 20% to 25%...
Research Jan 22, 2015
Rapaport TradeWire January 23, 2015
RAPAPORT NEWS SERVICE | Jan. 23, 2015 www.rapaport.com | news@rapaport.com...
Research Jan 22, 2015 Rapaport
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes for the week that ended on January 22 at 4 p.m. Jan. 22 Jan. 15 Chng. $1 = Euro 0.882 0.860 0.022 $1 = Rupee 61.39 61.88 -0.5...
Financial-Legal Jan 22, 2015 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
POLISHED: Trading activity has improved in the local polished market and many overseas buyers are in town. Liquidity remains of great concern. Round -1 point: Good demand: $300-$500 whites. Fair demand: $300-$400 white natts....
Research Jan 22, 2015 Rapaport News
rahaminov
Press Release: Rahaminov Diamonds to Debut 'Malibu 18' at Centurion
Press Release: Tamara Rahaminov Goldfiner, a designer from Rahaminov Diamonds -- the internationally known manufacturer of some of the world’s most beautiful diamonds and jewelry, has come together with Irit Design, a free spirited designer...
Manufacturing Jan 21, 2015 Rahaminov Diamonds
smyth
Smyth Jewelers Advances Ecommerce, Mobile Channels
Smyth Jewelers of Maryland selected Catalpha Advertising & Design to create an integrated ecommerce channel in November that allowed the retailer to easily manage the website and improve its customer outreach. Smyth Jewelers can choose...
Technology Jan 21, 2015 Jeff Miller
a jaffe
A. Jaffe Introduces 'Maps' Collection
A. Jaffe introduced an extension to the brand's luxury bridal line called "Maps," a collection of customized jewelry that uses patented technology to create a virtual map of any location and pinpoint an exact spot with a diamond. The collection...
Manufacturing Jan 21, 2015 Jeff Miller
kingold
Wuhan Allows Kingold to Presell Commercial Units at the Jewelry Park
The Wuhan Housing Security and Management Bureau in Wuhan, China gave the green light to Kingold Jewelry Inc. to presell commercial property at the Kingold Jewelry International Industrial Park (Jewelry Park). The bureau authorized...
Manufacturing Jan 21, 2015 Jeff Miller
Platinum Guild International
PGI Appoints Daniel as CEO, Luker to Head PGI USA
Platinum Guild International (PGI) appointed Huw Daniel as the group's CEO, succeeding James Courage who will retire from his post at the end of April. While the appointment is immediate, Daniel will take on full...
Marketing Jan 21, 2015 Jeff Miller
De Beers Diamond Sorting
De Beers Announces 2015 Forward Contract Auction Sales
Press Release: The De Beers Group of Companies today announced the 2015 Forward Contract Sales (FCS) program for its auction sales business. As a result of customer feedback, the new program includes a number of changes from...
Mining Jan 21, 2015 De Beers Group of Companies
ogi systems
Press Release: OGI Systems Releases the DiaPix at Int. Japan Tokyo
Press Release: OGI Systems Group is proud to announce their release of DiaPix -- photography solutions in just one click. It will be launched at the upcoming International Japan Tokyo (IJT) show, which is scheduled January 21 to 24, in Tokyo, at booth...
Technology Jan 20, 2015 OGI Systems
DTC Botswana Building
Philippe Mellier Addresses Sightholders in Gaborone
The following speech was delivered today by Philippe Mellier, the CEO of De Beers Group, during a cocktail reception for sightholders in Gaborone, Botswana. Your honor the vice president, honorable ministers, permanent secretary to the president,...
Rough Markets Jan 20, 2015 De Beers
jewelry camp
Jewelry Camp 2015 Takes Place July 30 & 31
Audrey Friedman, the founder of Primavera Gallery, will be honored at the 38th annual Antique Jewelry & Art Conference – Jewelry Camp – that is scheduled for July 30 and 31 at the Westchester Renaissance Hotel in West Harrison, New...
Marketing Jan 20, 2015 Jeff Miller
ALROSA's Udachniy mine
Rough Mining Costs in Russia Expected to Rise in 2015
(RAPAPORT) Itar-Tass: The cost of diamond production is expected to rise by 15 percent this year, according to the Geology Institute."All the well known deposits in the Yakutia Republic are close to depletion. There is an exploring mission under way...
Mining Jan 20, 2015 Itar-Tass
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