ALROSA sells large rough diamonds in Vladivostok for $12.6 mln

ALROSA, the world's largest diamond mining company, has sold special size rough diamonds (over 10.8 carats) at the auction in Vladivostok.

Yesterday

CTF and GIA launch digital grading reports using blockchain technology

Chow Tai Fook Jewellery Group and GIA (Gemological Institute of America), formally launched a collaboration project in Hong Kong to use blockchain technology for delivering secure, digital diamond grading reports to consumers for the first time...

Yesterday

BlueRock narrows H1 losses as grades improve at Kareevlei

BlueRock Diamonds reduced its loss for the first half of the year to £789,000 from a £1.3 million loss, a year earlier as average grades and production improved at its Kareevlei mine in South Africa.

Yesterday

Zim says diamond policy ‘imminent’

BlueRock Diamonds reduced its loss for the first half of the year to £789,000 from a £1.3 million loss, a year earlier as average grades and production improved at its Kareevlei mine in South Africa.

Yesterday

AGD DIAMONDS enters international diamond market

JSC Arkhangelskgeoldobycha was officially renamed into JSC AGD DIAMONDS, according to the company’s press statement distributed on Wednesday. The change in the corporate name of the joint-stock company was due to its new marketing policy and the brand’s...

20 september 2018

Rapaport Weekly Market Comment

12 january 2018
(diamonds.net) - Diamond trading steady after positive US retail season. Signet disappoints again as Nov.-Dec. sales -3% to $1.9B due to glitches in outsourced credit program, lower sales of Ever Us line, and less effective promotions. Department stores rebound, with Macy’s and J.C. Penney seeing jewelry growth. Richemont jewelry maisons’ 3Q sales +5% to $2.2B. Rising expectations for Chinese New Year (Feb. 16) after Chow Tai Fook 3Q sales +12% in China, flat in Hong Kong/Macau. Strong rough demand anticipated at Jan. Alrosa and De Beers sales, with manufacturers ready to raise production for 1Q stock replenishment. Shmuel Schnitzer steps down as chairman of Israel Diamond Institute.