RAPAPORT… BlueRock Diamonds narrowed its loss in the first half of the
year as a surge in revenue outweighed higher expenses.
Total loss was cut 5.5 percent to $403,306 (GBP 310,324) in
the six months that ended June 30, the South Africa-focused diamond miner
reported. Sales soared more than six-fold to $268,079 from $42,942, while
operating expenses soared 43 percent to $671,199.
market stable. Positive sentiment in the trading centers despite lower than
usual holiday orders. U.S. retailers driving demand but consumers cautious amid
election uncertainty. Chinese jewelry demand steady ahead of National Day
festival (Oct. 1). Polished inventory rising as manufacturers raise production before
Diwali vacation (Oct. 30). Steady prices but weaker assortments reporte…
RAPAPORT… The chair of the Kimberley Process (KP) Ahmed Bin Sulayem
met Robert Mugabe to understand the Zimbabwe president’s views on the organization
and the country’s future in the diamond industry.
Bin Sulayem’s visit to Zimbabwe was part of a tour of
African states. He also visited the diamond fields of Chiadzwa in the country’s
Marange mining region.
Zimbabwe was readmitted to t…
RAPAPORT… Botswana’s rough diamond exports continued a retreat in
August, underlining the country’s need to diversify its economy as it
celebrates 50 years of independence.
Outbound shipments fell 5 percent to $399.7 million,
according to data from the Bank of Botswana. Orders slipped
1.8 percent in the first half of the year even as exports in July were
significantly higher because o…
RAPAPORT… A 9,381-carat topaz will go on display at a London museum
The world’s largest flawless blue topaz is scheduled to
appear at the Natural History Museum’s minerals gallery from October 19.
Measuring 15 centimeters long and 10.5 centimeters wide and weighing around 2
kilograms, the polished stone was treated to give it a vivid blue color, the
“This stone i…
RAPAPORT… Alex and Ani recruited two retail veterans as the jewelry company prepares for a worldwide expansion.
New CFO Bob Woodruff has more than 35 years of finance
experience, including 20 years in senior roles at Nike, the world-recognized apparel
brand, and most recently as VP and CFO of footwear subsidiary Converse.
Woodruff was hired to manage financial systems and drive fiscal grow…
RAPAPORT… Lucapa Diamond Company achieved an average price of $1,868
per carat at a sale of rough diamonds from its Lulo mine in Angola.
The miner garnered $4.1 million (AUD 5.3 million) for a
parcel of 2,209 alluvial diamonds, bringing total sales for the year to date to
The next sale is scheduled for October and will feature the 104-carat
RAPAPORT… A rising number of Swiss watch executives have a pessimistic outlook for the industry after exports slumped to the lowest level in five years, according to Deloitte.
number of industry leaders who expect the industry to go pear-shaped stands at
82 percent in the Deloitte Swiss Watch Industry Study 2016. Some 65 percent are
downbeat about the country’s main export markets …
RAPAPORT… Diamcor Mining sold $1.2 million of rough diamonds in the
second fiscal quarter ending September 30, at an average price of $141 per
The miner tendered and sold 8,274 carats, a surge of 171
percent from a year ago. The revenue comprised $537,620 from a July tender and
$629,318 from a sale in September, according to Diamcor, which sources its
rough from a mine in South Afri…