IDEX Online - Rough Market

Rough Market

The tender consisted of 10 single stone lots, ranging from 40.4 carats to 472.37 carats, totaling 1,453.06 carats.
Posted: June 20, 2018, 6:23 am
There were 32 winning bidders from the largest diamond trading centers - India, Belgium, Israel, Russia, the UAE and the United States.
Posted: June 20, 2018, 3:29 am
Signing of agreement an important step forward in process of opening first HRD Antwerp laboratory in Russia.
Posted: June 19, 2018, 6:00 am
Gross proceeds from Lulo diamond sales in first half of this year are $15.9 million with average price per carat of $1,642.
Posted: June 19, 2018, 4:15 am
The Intersessional is an annual forum to discuss the technical aspects of working groups that comprise the KP.
Posted: June 19, 2018, 2:00 am
After more than 10 years of research, technology developed that fully automates the polishing process.
Posted: June 18, 2018, 5:10 am
The move is in line with the country's continuing process of complying with the Kimberley Process Certification System standards.
Posted: June 14, 2018, 6:25 am
Ayesha Hira appointed as Vice President of Corporate Development and Strategy with immediate effect.  
Posted: June 14, 2018, 4:00 am
The mining giant spent $70 million last year on projects "to significantly increase monitoring over the state of the environment".
Posted: June 13, 2018, 5:00 am
The country's lawmakers have backed down from demanding that Mugabe appear before them to answer questions.
Posted: June 12, 2018, 4:21 am

IDEX Online - Polished Market

Polished Market

Signing of agreement an important step forward in process of opening first HRD Antwerp laboratory in Russia.
Posted: June 19, 2018, 6:00 am
After more than 10 years of research, technology developed that fully automates the polishing process.
Posted: June 18, 2018, 5:10 am
The company has created an algorithm that compares individual diamond grades to daily market conditions.
Posted: June 18, 2018, 2:00 am
The move is in line with the country's continuing process of complying with the Kimberley Process Certification System standards.
Posted: June 14, 2018, 6:25 am
Modi allegedly seeking asylum in London with Indian High Commission awaiting confirmation from British government.
Posted: June 14, 2018, 4:14 am
The import tariff rate for gold and silver jewelry products will be reduced from 20% to 8%.
Posted: June 10, 2018, 4:00 am
Gem Lab will serve as the point of contact for clients in their network who wish to obtain an HRD Antwerp grading report.
Posted: June 10, 2018, 1:00 am
Polished exports rose 5.0% on the year in May to $1.12 billion, with a rise of almost 4% in carat terms.
Posted: June 6, 2018, 6:00 am
The seminar dates coincide with gem and jewelry events or tradeshows in each city, the GIA said.
Posted: June 6, 2018, 5:04 am
The WDC's System of Warranties has entered a public review period following the completion of an industry review.
Posted: June 6, 2018, 4:05 am

Rapaport - News

RAPAPORT... Sales of jewelry and other expensive items in greater China grew in April amid stronger consumer sentiment and increased tourism to Hong Kong, according to government sources. In China, retail sales of gold, silver and jewelry rose 6% year on year to $3.16 billion (CNY 20.3 billion) for the month, the National Bureau of Statistics of China reported recently. Meanwhile, Hong ...
Posted: June 3, 2018, 9:53 am
RAPAPORT... De Beers’ entry into the lab-grown market represents a shift in consumers’ perception of synthetic stones, according to Diamond Foundry. The miner’s introduction of a new line of lab-grown stones for jewelry is key for the acceptance of synthetics in the industry, the California-based producer said. The lack of any large diamond miner’s support for lab-grown stones had caused c...
Posted: June 3, 2018, 8:43 am
RAPAPORT... Alrosa saw revenue of $14.5 million from a sale of 112 special-size diamonds in Israel, it said Thursday. The miner achieved an average price of $7,950 per carat from the auction of 1,824 carats of gem-quality stones weighing at least 10.8 carats each, it reported. Buyers from Israel, Belgium, India, the US and the United Arab Emirates participated in the auction. “We saw tr...
Posted: June 3, 2018, 8:20 am
RAPAPORT... Dominion Diamond Mines has agreed to allow Mountain Province Diamonds to use its CanadaMark certification program. CanadaMark assures consumers its certified diamonds originated in Canadian mines, and are natural and untreated. All diamonds produced under the program are tracked from mine to polished. Companies who buy stones from Mountain Province’s share of production at t...
Posted: June 3, 2018, 5:54 am
RAPAPORT... De Beers is expanding its presence in stores that carry the Forevermark brand and improving its omni-channel offering to capitalize on the recent growth in online diamond-jewelry sales.“We must remain relevant to consumers and embrace the idea of everywhere commerce,” Charles Stanley, president of Forevermark’s US operations, said at the brand’s annual breakfast presentation at JCK Las...
Posted: June 1, 2018, 8:58 am
...
Posted: May 31, 2018, 11:38 am
Las Vegas shows open with optimistic outlook for US market. Dealer trading and prices stable. Savvy suppliers see the show as networking and branding opportunity. De Beers launches low-priced synthetic jewelry collection aiming to differentiate lab-grown from natural diamonds. Signet joins De Beers Tracr blockchain, while GIA and Chow Tai Fook partner on different blockchain initiative. Chris...
Posted: May 31, 2018, 10:59 am
Mumbai trading quiet, with many dealers traveling to Las Vegas shows and some still on summer vacation. Very few foreign buyers in the market. Volatile rupee-to-dollar exchange rate fueling caution among local dealers. Liquidity tight amid continued bank restraint following Nirav Modi fraud. Round   -1 point: Very Good dema...
Posted: May 31, 2018, 10:58 am
Birks Group (+14%) led a strong week for US retail stocks, with Macy’s (+6.3%) and Signet (+4.5) also up. Hong Kong-based Luk Fook (+7.2%) and Chow Tai Fook (+2.1%) rallied Thursday following strong China manufacturing data and an easing of concerns about Italy’s political crisis. In India, PC Jeweller (-12%) fell after reporting mixed quarterly results, while Gitanjali Gems (+27%) continued its r...
Posted: May 31, 2018, 10:57 am
RAPAPORT... Hari Krishna (HK) Group will receive technological backing from blockchain company Everledger for its diamond-provenance program. Everledger will cryptographically certify HK stones destined for the Indian manufacturer’s “My Diamond Story” brand, letting consumers track a stone’s journey from rough to finished jewelry. The arrangement will enable storage of information about th...
Posted: May 31, 2018, 9:02 am
RAPAPORT... A Botswana-based consortium bought the Lerala diamond mine for $8.1 million in an online auction on Wednesday, the asset’s liquidators told Rapaport News.The exact identity of the winner is confidential until the full sale process and regulatory proceedings are complete, John Taylor, associate director of GoIndustry DoveBid South Africa, said Thursday. There were approximately 80 bids...
Posted: May 31, 2018, 8:52 am
RAPAPORT... Sarine Technologies has opened its second laboratory, offering a full range of grading and documentation services. The new Mumbai facility follows the opening of the company’s first lab in Ramat Gan, Israel, earlier this year. The lab will produce diamond reports including 4Cs grading, which it will provide using its artificial-intelligence technology. The documents will al...
Posted: May 31, 2018, 8:22 am
RAPAPORT...  The Diamond Bourse of Canada (DBC) will start offering in-house 4Cs grading certification and appraisal services, it said Wednesday. Lou Berdusco (pictured), a Gemological Institute of America (GIA) graduate gemologist with more than 30 years of experience, will provide the services, which will be similar to those that major laboratories such as the GIA offer, the exchang...
Posted: May 31, 2018, 5:55 am
Peter Meeus (left) and Edi Faltz.Peter Meeus Honorary chairman, Dubai Diamond Exchange During my tenure as CEO of the Antwerp World Diamond Centre-HRD, I got married on Valentine’s Day, February 14, 2003. We celebrated in the Antwerp Diamond Bourse trading hall with about 1,000 guests. [That same weekend], next door, the so-called “diamond heist of the century” was going on. A gang called the S...
Posted: May 30, 2018, 9:34 pm
Christie’s – ‘Hungry for rare colored diamonds’ In recent years, the pecking order at international jewelry auctions has been fancy colored diamonds — particularly blue and pink — followed by colorless diamonds, then statement rubies, sapphires and emeralds from historic mines, and finally signed jewels. This order largely held up at the Christie’s and Sotheby’s Magnificent Jewels...
Posted: May 30, 2018, 5:46 pm
RAPAPORT... The Gemological Institute of America (GIA) has uncovered a treated diamond carrying a false inscription that fraudsters had apparently created to make the stone appear untreated. Swindlers appear to have carefully selected a grading report for an untreated diamond with extremely similar characteristics to their treated stone, and created a fake GIA laser imprint on the treated ...
Posted: May 30, 2018, 10:35 am
RAPAPORT... A University of Oxford spinout has created laser technology that tackles counterfeiting of diamonds by placing a permanent mark on stones. Opsydia uses high-precision lasers to etch imprints — such as numbers or logos — smaller than one-50th the size of a human hair below the surface of a diamond. Because of their placement inside the diamond, the laser etchings cannot be polish...
Posted: May 30, 2018, 10:32 am
RAPAPORT... Revenue and profit grew sharply in the past fiscal year at Asian Star, a Mumbai-based diamond manufacturer, the company reported. Revenue increased 12% to $580.2 million (INR 39.13 billion) for the 12 months that ended March 31, including at its subsidiaries, the cutting-and-polishing firm said last week. Net profit soared 65% to $16.2 million (INR 1.09 billion). Diamond sal...
Posted: May 30, 2018, 9:22 am
RAPAPORT... A necklace-and-earring set comprising jadeite and diamonds was the top seller at Phillips’s Hong Kong sale, garnering $2.5 million, the auction house said Monday. The original estimate for the matching pieces at the Important Jewels and Jadeite auction was $2.4 million to $3.8 million (HKD 19 million to HKD 30 million). Other notable lots included a 33.02-carat Burmese sapph...
Posted: May 30, 2018, 8:09 am
RAPAPORT... An 8.01-carat blue diamond necklace was the top seller at Christie’s Magnificent Jewels auction in Hong Kong on Tuesday. The pear-shaped, fancy vivid blue, internally flawless piece by Moussaieff sold for just under $20.5 million, or $2.6 million per carat, Christie’s said. Its original estimate was $18.5 million to $24.9 million (HKD 145 million to HKD 195 million). Other t...
Posted: May 30, 2018, 6:14 am
SUSAN PURNELL OWNER KUHN’S JEWELERS SALISBURY, MARYLAND “I think that everybody likes to tweak things a little bit. But customization usually costs a jeweler a lot more money than finding something on the shelf for their customers. I have a very large inventory, so usually, when engagement-ring customers come into the store and show me a picture of a ring and say, ‘This is sort of...
Posted: May 30, 2018, 4:57 am
Traditionally, an Indian bride’s parents would begin saving for her jewelry from the day she was born. And until recently, on her wedding day — and of course, at the pre- and post-wedding festivities — the bride was adorned in gold from head to toe. Times have changed. While jewelry still tops the bride’s shopping list — in terms of both priority and budget — plain but intricately fashioned g...
Posted: May 30, 2018, 4:02 am
RAPAPORT... De Beers is launching a jewelry line featuring laboratory-grown diamonds — a venture that, according to CEO Bruce Cleaver, could eventually bring in revenue of up to $200 million per year. That figure might be small compared with the miner’s $6 billion natural-diamond business, but Cleaver and his team are entering the synthetics retail sector because they see an opportuni...
Posted: May 30, 2018, 3:34 am
RAPAPORT... A 10.03-carat diamond ring was the top seller at Bonhams’s Hong Kong auction, which saw a total of 163 lots sold for a combined $6.7 million. The oval-cut, fancy brown-pink stone — flanked by a white diamond on each side — went for $606,200 at the Rare Jewels and Jadeite sale, Bonhams said Tuesday. That was at the upper end of its pre-sale estimate of $395,000 to $636,000. ...
Posted: May 29, 2018, 9:58 am
RAPAPORT... Forevermark, in collaboration with retailer Indian Gem & Jewellery Creation, has opened a boutique in India that will exclusively feature stones from the De Beers-owned brand. “This is the first exclusive store that Forevermark has opened in east India, and we could not be happier to have done that with Indian Gem & Jewellery Creation, which shares similar values and pr...
Posted: May 29, 2018, 9:00 am
RAPAPORT... Resurgent Hong Kong demand drove a sharp rise in global Swiss-watch exports in April, according to data from the Federation of the Swiss Watch Industry. Worldwide shipments of Swiss timepieces climbed 14% year on year to $1.8 billion (CHF 1.81 billion) last month, the trade organization reported Tuesday. Exports to Hong Kong jumped 43% to $261.3 million (CHF 259.5 million) — a...
Posted: May 29, 2018, 6:31 am
RAPAPORT... De Beers will begin selling laboratory-grown diamonds under a new fashion-jewelry brand, promising to transform the synthetics sector by offering pieces at low cost. The company has launched Lightbox Jewelry, which will begin marketing a new brand of lab-grown diamond jewelry in September, it said Tuesday. Diamonds from Lightbox will retail from $200 for a 0.25-carat stone to ...
Posted: May 29, 2018, 6:13 am
RAPAPORT... Christie’s has procured the Belle Époque diamond tiara that belonged to the crown princess of Yugoslavia to sell at its London summer auction on June 13. The platinum headpiece, which dates back to 1905, is from the collection of the princes of Orléans Braganza and features old pear-shaped and rose-cut diamonds, the auction house said. It carries an estimate of $186,900 to $28...
Posted: May 28, 2018, 7:46 am
RAPAPORT... Singapore-based D1 Mint has agreed to buy $20 million worth of diamonds to back its new cryptocurrency coin, the company said last week. The 1,500 investment-grade diamonds were manufactured by Hong Kong-headquartered KGK Diamonds, and sourced from Russian miner Alrosa. The stones will go to the Gemological Institute of America (GIA) in New York for grading, laser-etching and...
Posted: May 28, 2018, 7:00 am
RAPAPORT... Camilla Dietz Bergeron, a connoisseur of jewelry and cofounder of the estate jeweler that bears her name, has died at the age of 76, The Tennessean reported. Bergeron (pictured) died last Sunday surrounded by her family and loved ones, according to the report. Born in Covington, Georgia, Bergeron graduated with honors in Economics from Vanderbilt University in Nashvill...
Posted: May 28, 2018, 3:29 am
RAPAPORT... WD Lab Grown Diamonds has created what it claims to be the world’s largest known synthetic diamond made using chemical vapor deposition (CVD). The ideal-cut, round brilliant, 9.04-carat, VS2-clarity stone broke the synthetic-diamond producer’s own previous world record of 6 carats, the company said last week. “No other CVD-diamond manufacturer has come close to this size a...
Posted: May 27, 2018, 10:37 am
RAPAPORT... Platinum demand grew 11% in the US last year amid strong bridal-jewelry sales, Platinum Guild International (PGI) reported. “The [US] economic recovery and bullish consumer sentiment has benefited the [whole] jewelry industry, leading to the fifth consecutive year of growth for platinum-jewelry consumption,” the trade organization said last week. “The growth mainly comes from s...
Posted: May 27, 2018, 8:41 am
RAPAPORT... Proceeds slumped at Gemfields’ May auction of higher-quality rough emeralds as the Nirav Modi fraud case hurt Indian demand, the miner reported last week. Most of the company’s emerald clients are based in India, where the gemstone and jewelry sector is suffering from the repercussions of the Modi scandal, Gemfields CEO Sean Gilbertson explained in a statement last week. “G...
Posted: May 27, 2018, 7:59 am
RAPAPORT... Are grading labs fueling consumer confidence, or creating cause for concern? That’s the question the Rapaport editorial team explores in this month’s Rapaport Diamond Podcast. We also interview Martin Rapaport, chairman of the Rapaport Group, who gives a taste of what to expect at the upcoming Rapaport Breakfast at JCK Las Vegas. Meanwhile, Rapaport Editor in Chief So...
Posted: May 27, 2018, 7:31 am
RAPAPORT... Phillips has named Eva Violante as senior specialist and vice president of its jewelry division in the Americas. Violante (pictured) was previously the director of fine jewelry in New York for Heritage Auctions. She will work with new and existing clients of Phillips on consignments, creating cross-marketing opportunities within the company, and networking with collectors,...
Posted: May 27, 2018, 6:54 am
RAPAPORT... Sylvie Ritter has stepped down as managing director of Baselworld, with Michel Loris-Melikoff set to succeed her, the event’s organizer said. Ritter (pictured), who has been with show owner MCH Group for 26 years, has headed the annual watch and jewelry fair for the last 15 years. “She has shaped and directed Baselworld with great passion and professionalism,” said René Kamm,...
Posted: May 27, 2018, 5:54 am
RAPAPORT... Signet Jewelers will become the first retailer to participate in De Beers’ blockchain project for tracking diamonds. The platform, Tracr, which is still in its trial phase, provides a digital link from diamond production to retail. Every diamond on the blockchain will carry a digital certificate storing its key attributes and transactions, enabling consumers to know that a ston...
Posted: May 27, 2018, 3:47 am
While all eyes were on Meghan Markle as she completed her ascent to the British aristocracy in May, there has been another member of the royal family whose engagement ring has caused ripples in the jewelry world. Princess Eugenie’s padparadscha sapphire ring not only affirmed the acceptance of colored gemstones in bridal jewels, it also introduced this incredibly rare hue of sapphire to the wider ...
Posted: May 26, 2018, 7:48 am
During the decade between the end of World War I and the dawn of the Great Depression, America and the Western world experienced prosperity on a scale previously unthinkable. This era marked the birth of globalism and was celebrated with joyful music, witty and occasionally scandalous theater, and fine art, all disseminated through the new media of magazines, radio and motion pictures. But...
Posted: May 25, 2018, 7:36 am
...
Posted: May 24, 2018, 1:19 pm