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gia
GIA Explores Ruby, Sapphire in Malawi
Press Release: In 1958, a ruby and sapphire deposit was discovered about 145 kilometers south of Malawi’s capital of Lilongwe on Chimwadzulu Hill. Although this is one of the oldest known gemstone deposits on the African continent, very...
Gemstones Nov 21, 2014 GIA
citizen
Citizen Watch Co. Holds Grand Opening in Manhattan
Citizen Watch Company of America held the grand opening of it flagship store in Times Square at 1500 Broadway this week, marking the first Citizen Watch global retail concept store in North America. The 1,300 square...
Watches Nov 21, 2014 Jeff Miller
zim sm
Court Orders Mbada Diamonds to Pay $700K Debt
(RAPAPORT) The Herald: Mbada Diamonds has fallen on hard times after Zimbabwe's High Court ordered the firm to pay debt amounting to $700,000. The company failed to defend claims by Tandamanzi Drilling and Hennem Investments...
Mining Nov 21, 2014 The Herald
Rockwell
Rockwell Diamonds Raises $4M
Rockwell Diamonds Inc. completed an offering of two-year unsecured convertible debentures in a principal amount of $4.1 million with two insiders, namely Rockwell’s principal shareholder Daboll Consultants Ltd., an affiliate of Diacore, as to $3 million and with Mark Bristow,...
Financial-Legal Nov 21, 2014 Jeff Miller
sothebys small
Ruprecht to Step Down as Sotheby's CEO
William F. Ruprecht, the chairman of the board, president and CEO of Sotheby's, will step down from his role when a new CEO has been recruited. Sotheby's board formed a search committee that will oversee...
Marketing Nov 21, 2014 Jeff Miller
centurion
Marlee Matlin & Henry Winkler Open Education Session at Centurion 2015
Press Release: Each year Centurion offers interesting and relevant education to its attendees and the 2015 show is no exception. Centurion welcomes award winning actors Marlee Matlin and Henry Winkler to the stage, where...
Marketing Nov 21, 2014 Centurion
Israel Diamond Exchange
Schnitzer Invites WFDB Members to Participate in Intl. Diamond Week
Press Release: The Israel Diamond Exchange (IDE) is inviting members of its 29 sister diamond bourses, affiliated to the World Federation of Diamond Bourses (WFDB), to take part in the February 8 to 12, 2015 winter edition of the International...
Marketing Nov 21, 2014 IDE
WFDB Logo
Blom: Open Letter Regarding Over-Grading Certification
Press Release: The following is an open letter to the trade from Ernie Blom, the president of the World Federation of Diamond Bourses (WFDB). Colleagues and friends,The diamond industry is facing a serious challenge to its integrity, which...
Polished Markets Nov 21, 2014 Ernie Blom
blue diamond
Blue Diamond Sets New Auction Records
A fancy vivid blue diamond from the collection of Mrs. Paul Mellon set new auction records at Sotheby’s New York last night. The top lot of the evening sale was the 9.75-carat, VVS2, fancy...
Polished Markets Nov 21, 2014 Amber Michelle
Grib Mine
Grib Diamonds for Grabs
The Grib diamond mine in Russia, owned by the somewhat unlikely candidate of oil supplier Lukoil, is arguably the most prospective of the new generation of diamond mines. Therefore, its launch of commercial mining earlier this year...
Mining Nov 21, 2014 Avi Krawitz
Market Comments 11/20/2014
Buyer’s market with suppliers pressured by tight liquidity. Limited inventory buying ahead of holiday season. U.S. demand stable, Far East weak. Market for fancy shape and fancy color diamonds improving with increasing dealer demand due to oversupply and limited profitability of rounds. Markets expect...
Research Nov 20, 2014
Rapaport TradeWire November 21, 2014
RAPAPORT NEWS SERVICE | Nov. 21, 2014 www.rapaport.com | news@rapaport.com...
Research Nov 20, 2014 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 ending November 20 at 4 p.m. Nov. 20 Nov. 13 Chng. $1 = Euro 0.797 0.802 -0.005 $1 = Rupee 61.93 61.55 0.4...
Financial-Legal Nov 20, 2014 Rapaport News
India Arch
Rapaport Weekly Indian Market Report
POLISHED: Slow trading for polished goods, even with many overseas buyers visiting, activity remain low. The market continues to remain price sensitive. Round -1 point: Good demand: $300-$500 whites. Fair demand: $300-$400...
Research Nov 20, 2014 Rapaport News
Argyle Mine
Argyle Mine Celebrates Anniversary of Landmark Participation Agreement
Rio Tinto’s Argyle diamond mine marked its 10th anniversary of a landmark participation agreement with the Gija and Miriuwung people, the traditional owners of the mine. The agreement provides the owners an active role,...
Mining Nov 20, 2014 Jeff Miller
alrosa sm
ALROSA Sells Stake in Insurance Company for $13M
ALROSA sold its 99.74 percent stake in the ALROSA Insurance Company to SOGAZ Insurance Group. The companies signed a share purchase agreement today following an open auction and ALROSA received payment of $13.4 million (RUB...
Mining Nov 20, 2014 Jeff Miller
Ekati Mine
Dominion Diamond Appoints Interim Chairman and CEO
Robert Gannicott, the chairman and CEO of Dominion Diamond Corp., is taking medical leave for an undisclosed issue that is expected to continue until mid- February. While Gannicott is away, board member Dan Jarvis will assume...
Mining Nov 20, 2014 Jeff Miller
Jewelry Prices
U.S. Consumer Price Index for Jewelry -4%
The U.S. consumer price index (CPI) for jewelry declined 5 percent year on year to 171.35 points in October and the reading slipped about 4 points from September's index. The CPI for watches, meanwhile, rose...
Research Nov 20, 2014 Jeff Miller
birks mayors
Birks Group Narrows 1H Loss to $4M, Drives Sales +10%
Birks Group Inc. reported that revenue rose 9.7 percent year on year to $139.7 million for the first fiscal half that ended on September 27. The increase was primarily driven by a comparable-store sales improvement...
Financial-Legal Nov 19, 2014 Jeff Miller
Shopping Mall
Ease of Shopping Mass Retailers Holds an Edge Over Online Stores
As Thanksgiving week fast approaches -- beginning the most important time of the year for U.S. retail -- physical and online stores have readied their channel strategy to attract the consumer wallet, but there are...
Research Nov 19, 2014 Jeff Miller
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