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Valentine's Day heart and jewelry
NRF Survey: U.S. Valentine's Day Jewelry Sales May Improve
With Valentine's Day falling on a Saturday this year, U.S. retailers could see a slight bump up in consumer spending, according to a survey conducted by the National Retail Federation (NRF) and Prosper Insights & Analytics. Nearly 55 percent...
Research Jan 26, 2015 Jeff Miller
Frederick Goldman Appoints Floskis as Vice Pres. of Finance, Controller
Jewelry manufacturer Frederick Goldman Inc. appointed Mike Floskis as vice president of finance and controller. He will be responsible for inventory control, cost accounting, cash operations and treasury operations for the firm. Previously, Floskis...
Manufacturing Jan 26, 2015 Jeff Miller
Petra Diamonds
Petra's 1H Production -2% But Sales +16%
Petra Diamonds Limited reported that its production of rough diamonds declined 2 percent year on year to 1.601 million carats during the first half the ended on December 31, 2014. The amount of diamonds that Petra...
Mining Jan 26, 2015 Ronen Shnidman
Press Release: IDI Opens B2C Sweet Valentine Diamond Deals From Israel
Press Release: Bolstered by the success of its Cyber Monday business-to-consumer (B2C) ecommerce campaign, the Israel Diamond Institute (IDI) Group of Companies decided to make that pop-up platform a recurring event. IDI has just launched...
Polished Markets Jan 26, 2015 Israel Diamond Institute Group of Companies
Rio Tinto
Rio Tinto Publishes 17 Select Diamantaires for 2015
Rio Tinto published a list of 17 diamond manufacturers that have received long-term contracts to buy its rough diamonds this year. These clients, known as Select Diamantaires, have been listed on the company’s website, but management...
Rough Markets Jan 26, 2015 Avi Krawitz
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 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 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 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
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 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
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
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