RAPAPORT... Matt Stuller, founder and chairman of jewelry manufacturer Stuller, is upbeat about the market ahead of the holiday season despite the cautious economic environment. Full-year jewelry sales across the US retail sector should be just about in line with 2021, “which would be great...
The De Beers Blue is probably one of a select group of rare diamonds originating in the deepest parts of the earth, according to researchers at the Gemological Institute of America (GIA).The stone has important similarities with the Hope and Wittelsbach-Graff diamonds, two other blue, type IIb...
A yellow rough diamond weighing 151.60 carats will be the star item at Mountain Province’s sale in Antwerp later this month.The octahedron with “exceptional clarity” will be among more than 90 special stones available from the company’s Gahcho Kué mine in Canada, the company said Wednesday. The...
The De Beers Cullinan Blue is probably one of a select group of rare diamonds originating in the deepest parts of the earth, according to researchers at the Gemological Institute of America (GIA).The stone has important similarities with the Hope and Wittelsbach-Graff diamonds, two other blue,...
The editorial team members discuss some of the key events and surprising stories that dominated the headlines in the past month.
In this episode of the Rapaport Diamond Podcast, Senior Analyst Avi Krawitz and News Editor Joshua Freedman are joined by Acting Editor Rachael Taylor. They talk...
RAPAPORT... Sales declined at Hong Kong-based retailer Chow Sang Sang in the first half of 2022, when a fifth coronavirus wave hit consumer spending across greater China.
Group revenue slid 7% year on year to HKD 10.09 billion ($1.29 billion) for the six months, the jeweler reported...
The State Bank of India (SBI), the country’s largest private lender, has designed a policy to fund lab-created diamond manufacturers in what may prove to be a major step forward for the emerging industry.
US jewelry sales rose in July, driven by strong demand and consumers’ desire to spend on products that made them happy, according to Mastercard SpendingPulse.Revenue for the category jumped 19% year on year during the month, Mastercard reported last week. While price rises drove growth in many...
Sales and earnings at Indian diamond manufacturer Asian Star rose sharply in the first fiscal quarter, reflecting the market’s solid rebound.Group revenue, including at subsidiaries, jumped 45% year on year to INR 12.58 billion ($159.3 million) for the three months that ended June 30, the...
Revenue and profit from Rio Tinto’s diamond division soared in the first half of the year as demand strengthened and manufacturers replenished inventory.The unit recorded underlying earnings of $91 million for the six months ending June 30, the miner said last week. That compared with $5...