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Rough Markets
Polished Markets
DiamondCorp Reports $1.4M Sales in 2014
DiamondCorp reported that it sold 21,700 carats of diamonds for $1.36 million in 2014. The average price of $63 per carat was slightly ahead of forecasts, the South Africa-based junior diamond mining company stated. The...
Mining Feb 01, 2015 Avi Krawitz
pure gold
Pure Gold Plans $150M India Expansion
Pure Gold Group, a Dubai-based jewelry retailer, is planning to invest $150 million over the next three years to expand in India. The funds will be used to grow the company’s retail, diamond and gold jewelry manufacturing...
Retail Feb 01, 2015 Avi Krawitz
Paragon Diamonds
Paragon Diamonds Signs MOU for $12M in Funding
Paragon Diamonds Limited, a diamond exploration company, has signed a binding memorandum of understanding to receive $12 million in debt and equity financing from International Triangle General Trading LLC (ITGT). Under the agreement, ITGT will...
Mining Feb 01, 2015 Ronen Shnidman
Kiran Gems
PRESS RELEASE: Kiran Gems Wins 3 Prestigious IGJ Awards 2014
PRESS RELEASE: The year 2014 marked Kiran Gems’ seventh consecutive win as the largest exporter (cut and polished diamonds – large) at the prestigious India Gem & Jewellery Awards held on 29th January 2015...
Polished Markets Feb 01, 2015 Kiran Gems
IIa Technologies
PRESS RELEASE: IIa Technologies Hosts Scientific Luminaries at Industry’s First Grown Diamond Roundtable
Press Release: Singapore-based IIa Technologies, a global leader in diamond growing technologies, recently organized its first-ever roundtable meeting, ‘The Future of Grown Diamonds’, on grown diamonds technologies and their potential across hi-technology industries, held...
Polished Markets Feb 01, 2015 IIa Technologies
cash america
Cash America's 4Q Revenue +7%, Profit +3%
Cash America International Inc. reported that total revenue increased 7 percent year on year to $289.4 million in the fourth quarter that ended on December 31; however, net revenue decreased slightly to $151.7 million from $152.4...
Financial-Legal Jan 30, 2015 Jeff Miller
U.S. Says Edwards Sane Enough to Stand Trial in Diamond Fraud Case
(RAPAPORT) Canjex: U.S. experts determined that John Edwards, one of the accused in the massive CMKM Diamonds Inc. pump-and-dump case, is competent to stand trial on fraud charges. His lawyer claimed Edwards suffered from dementia...
Financial-Legal Jan 30, 2015 Canjex Publishing
Marange DMS Plant
Minister Urges Zimbabwe's Youth to Take Charge of Diamond Mining
(RAPAPORT) Financial Gazette: Zimbabwe's Youth, Indigenization and Economic Empowerment Minister, Christopher Mushohwe, attacked diamond mining companies that operate in Chiadzwa for failing to develop the province from where they extract the gems....
Mining Jan 30, 2015 Financial Gazette
zim sm
New Zimbabwe Tax Scheme Makes Murowa Unprofitable
(RAPAPORT) PMG: Rio Tinto said that Zimbabwe's new taxation regime, including lease fees, would have a significant impact on the business. Rio Tinto owns 78 percent of the Murowa diamond mine, while the remaining...
Mining Jan 30, 2015 PMG
alrosa sm
ALROSA's Former President Dies at 48
ALROSA announced that its former president of five years, Fyodor Andreev, passed away today. ALROSA's management, on behalf of all employees, expressed deep condolences to his family. Andreev was born in Voronezh on August 16, 1966....
Mining Jan 30, 2015 Jeff Miller
Bovet 1822 Debuts Four Timepieces at Salon
Bovet 1822 debuted four new timepieces at Salon, including the Amadeo® Fleurier Tourbillon Braveheart, a timepiece with a 22-day power reserve and six patents needed to create the unique tourbillon and efficient winding system....
Watches Jan 30, 2015 Jeff Miller
concept store
Pat Henneberry Joins Hearts On Fire to Lead Global Training
Pat Henneberry, the founder of The Jewelry Coach, joined diamond brand Hearts On Fire as its vice president of global learning. Henneberry will oversee the strategic direction, operation and expansion of all retail sales coaching,...
Research Jan 30, 2015 Jeff Miller
Christie's Jewelry Sales Reach Record $740M in 2014
Christie's luxury goods auction sales rose 7 percent year on year to $754.7 million in 2014, a new record for the auction house, with jewelry sales topping $740 million. Art sales jumped 12 percent to $8.4 billion...
Polished Markets Jan 30, 2015 Jeff Miller
sothebys small
Sotheby's Jewelry Sales Reach Record $603M in 2014
Sotheby’s worldwide jewelry auctions totaled $602.5 million in 2014, representing a new record for the auction house. During the year, Sotheby's sold more than 3,900 jewelry lots, 77 jewels topped $1 million and 69 percent...
Polished Markets Jan 30, 2015 Jeff Miller
case awards
JA Announces CASE Award Winners
Jewelers of America (JA) held its annual national retailer design competition at the JA New York Winter Show last week and selected five winners for the annual CASE Awards. Many of the winning pieces...
Marketing Jan 30, 2015 Jeff Miller
Marc Gershburg
Laboratories Need to Focus on the Jewelry Retail Market
Gemological Science International (GSI) is an independent commercial gemological laboratory. Founded in 2005, GSI is one of the youngest labs in the industry but has expanded rapidly to gain a global presence, opening offices in Surat and Gaborone toward...
Manufacturing Jan 30, 2015 Avi Krawitz
Rough Diamonds
Rough Price Correction – Part 2
The rough diamond price cuts by De Beers at last week’s January sight were not far reaching enough. The mining company reduced prices by an average 4 percent, adopting a strategy to diminish supply while gradually adjusting prices...
Rough Markets Jan 30, 2015 Avi Krawitz
Market Comments 1/29/2015
Polished demand improving but prices under pressure. Confidence is weak ahead of the Chinese New Year as markets look to the U.S. for support. Rough weak and discounted as cutters cut back following De Beers 4% price reduction at $450M Jan. sight. De Beers 2014 production +5% to 32.6M cts....
Research Jan 29, 2015
Rapaport TradeWire January 30, 2015
RAPAPORT NEWS SERVICE | Jan. 30, 2015 www.rapaport.com | news@rapaport.com...
Research Jan 29, 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 29 at 4 p.m. Jan. 29 Jan. 22 Chng. $1 = Euro 0.882 0.882 0.000 $1 = Rupee 61.78 61.39 0.4...
Financial-Legal Jan 29, 2015 Rapaport News
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