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Jwaneng Operations
De Beers 4Q Production -8%
De Beers rough diamond production fell 8 percent year on year to 8.366 million carats during the fourth quarter of 2014, Anglo American reported. Production for the full year 2014 rose 5 percent to 32.605 million carats....
Mining Jan 28, 2015 Avi Krawitz
Letseng Mine
Gem Diamonds Letšeng Sales -10% in 4Q
Gem Diamonds sales fell 10 percent year on year to $67.7 million from its high-value Letšeng mine in Lesotho in the fourth quarter that ended on December 31. The company noted a cautious market environment at the end...
Mining Jan 27, 2015 Avi Krawitz
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
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
Sightholders at De Beers Jwaneng Mine
Rough Price Correction
Rough diamond prices are expected to soften in January with a high level of refusals anticipated at next week’s De Beers and ALROSA sales. In fact, analysts expect rough prices to decline throughout 2015 after the mining sector...
Rough Markets Jan 16, 2015 Avi Krawitz
popov
Diamond Industry Set for Generic Marketing Push
Alex Popov, the chairman of the World Diamond Mark Foundation, discusses plans for the organization in 2015 and beyond. The World Diamond Mark Foundation was established to promote consumer demand and confidence in diamonds....
Marketing Jan 09, 2015 Avi Krawitz
concept store
A U.S.-Driven Diamond Market
The United States is set to become an even more dominant market for the diamond industry in 2015. In a reversal of trends that have characterized the industry in the past few years, there has been a shift back...
Polished Markets Jan 09, 2015 Avi Krawitz
kay
Signet's Christmas Same-Store Sales +4%
Signet Jewelers reported that same-store sales rose 3.6 percent year on year during the Christmas season, which spanned eight weeks that ended on December 27. Total sales grew 45 percent to $1.85 billion due,...
Retail Jan 08, 2015 Avi Krawitz
2015 Sign
A Happier Year Ahead?
Diamantaires were happy to see the back of 2014. After all, it was a tough year in which polished diamond prices declined, accelerating the general downtrend evident since mid-2011. Therefore, there is understandably some uncertainty about...
Polished Markets Jan 02, 2015 Avi Krawitz
Report Icon
Industry Challenges: Credit and Marketing
Industry Challenges: Credit and MarketingWorld Diamond Conference implores the trade to invest in marketing and raise its profile with the banks to ensure long-term, sustainable growth. The inaugural World Diamond Conference that took...
Magazine-Industry Jan 01, 2015 Avi Krawitz
Polished Diamonds
A 2014 Year in Review
Rapaport’s widely read Weekly Market Comments is a carefully considered statement reflecting the Rapaport Group’s view on the market and important trends influencing the diamond trade during the previous week. The following is an executive...
Polished Markets Dec 28, 2014 Avi Krawitz
gsi image logo
GSI Opens Botswana Lab
Gemological Science International (GSI) has opened a laboratory in Gaborone to capitalize on Botswana’s growth as a trading center. “After decades of just mining rough diamonds, Botswana's capital, Gaborone, now cuts, polishes and sells diamonds, which creates...
Polished Markets Dec 28, 2014 Avi Krawitz
Yellow Rough
The Diamond Story of 2014
The reduction of bank credit available to the diamond industry is a game changer that will influence the market for many years to come. Therefore, this column has chosen bank credit as its most important story...
Polished Markets Dec 26, 2014 Avi Krawitz
Eden Rachminov
Creating a Hub for Fancy Color Diamonds
The Fancy Color Research Foundation was launched in November to promote transparency and enhance consumer demand for fancy color diamonds. The foundation has access to data collected over the past decade about the...
Polished Markets Dec 26, 2014 Avi Krawitz
World Diamond Conference India
Normalizing the Diamond Trade
The World Diamond Conference that took place last week in New Delhi, India, created a buzz in the industry that, frankly, needed a bit of a pick-up considering the state of the market. It’s not often that...
Polished Markets Dec 19, 2014 Avi Krawitz
Turkey Signs Tax Exemption Law
Turkey Abolishes 20% Tax on Polished Diamonds
Turkey has abolished a 20 percent special consumption tax on polished diamonds, officials confirmed with Rapaport News. The new tax regime has been in effect since mid-September when the new legislation was implemented. In addition,...
Polished Markets Dec 16, 2014 Avi Krawitz
Thierry Silber
Consumers Starting to Embrace Lab-Grown Diamonds
Diamaz International is an Antwerp-based distributor of natural and laboratory-grown diamonds. As a proponent of creating better structures in the lab-grown diamond sector, the company believes the natural diamond trade needs to embrace its lab-grown counterparts to effectively combat...
Polished Markets Dec 07, 2014 Avi Krawitz
World Diamond Conference India
President Putin, Prime Minister Modi to Address World Diamond Conference
Russia’s President Vladimir Putin and India’s Prime Minister Narendra Modi will inaugurate the World Diamond Conference taking place in New Dehli on December 11 and 12. Organizers confirmed that the two leaders will...
Polished Markets Dec 07, 2014 Avi Krawitz
Diamonds in Hand
The Diamond Decade So Far
This was supposed to be the diamond decade. Back in 2010, De Beers executives were touting that the coming 10 years would bring unprecedented demand and growth to the industry. Almost halfway through, it feels anything but,...
Polished Markets Dec 05, 2014 Avi Krawitz
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