US Polished Trade Slows in June

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RAPAPORT… US polished-diamond imports fell by both value and volume in
June, according to data the government released recently.

Polished imports declined 2.7% year on year to $1.67
billion, while by volume they slid 8% to 728,000 carats, the figures showed.
The average price rose 6% to $2,294 per carat.

Polished exports increased 4.5% to $2.71 billion, leaving
net polished imports …

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Judge Tells Costco to Pay Tiffany $19M

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RAPAPORT… Costco Wholesale Corporation must pay Tiffany & Co. at
least $19.35 million in damages after selling counterfeit diamond rings bearing
the iconic jeweler’s name, a US federal judge ordered last week.
US District Judge Laura Taylor Swain said Costco must hand
over $11.1 million plus interest — covering three times Tiffany’s lost profit
from the trademark infringement — in addit…

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Rapaport Weekly Market Comment

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Diamond trading slow ahead of Belgium
and Israel dealers’ return from vacation next week (August 21). Focus shifting
to China, with rising expectations for September Hong Kong Show. Improving
Chinese demand for branded, ethically sourced products as Chow Tai Fook
launches traceable T Mark collection. US demand steady, with jewelers avoiding
unnecessary inventory and taking goods on memo. Roug…

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Rapaport Weekly Market Comment

Tags

, ,

Diamond trading slow ahead of Belgium
and Israel dealers’ return from vacation next week (August 21). Focus shifting
to China, with rising expectations for September Hong Kong Show. Improving
Chinese demand for branded, ethically sourced products as Chow Tai Fook
launches traceable T Mark collection. US demand steady, with jewelers avoiding
unnecessary inventory and taking goods on memo. Roug…

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Rapaport Weekly Market Comment

Tags

, ,

Diamond trading slow ahead of Belgium
and Israel dealers’ return from vacation next week (August 21). Focus shifting
to China, with rising expectations for September Hong Kong Show. Improving
Chinese demand for branded, ethically sourced products as Chow Tai Fook
launches traceable T Mark collection. US demand steady, with jewelers avoiding
unnecessary inventory and taking goods on memo. Roug…

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via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Diamond trading slow ahead of Belgium
and Israel dealers’ return from vacation next week (August 21). Focus shifting
to China, with rising expectations for September Hong Kong Show. Improving
Chinese demand for branded, ethically sourced products as Chow Tai Fook
launches traceable T Mark collection. US demand steady, with jewelers avoiding
unnecessary inventory and taking goods on memo. Roug…

from Rapaport – News http://ift.tt/2wjkhIB
via IFTTT

Rapaport Weekly Market Comment

Tags

, ,

Diamond trading slow ahead of Belgium
and Israel dealers’ return from vacation next week (August 21). Focus shifting
to China, with rising expectations for September Hong Kong Show. Improving
Chinese demand for branded, ethically sourced products as Chow Tai Fook
launches traceable T Mark collection. US demand steady, with jewelers avoiding
unnecessary inventory and taking goods on memo. Roug…

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Lulo Yields Seven Diamonds Over 50ct.

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RAPAPORT… Lucapa Diamond Company has recovered seven stones exceeding 50 carats at its Lulo mine in Angola, including two type IIa gems, the miner announced Thursday.Those two diamonds weigh 83 carats and 68 carats respectively, Lucapa reported. All seven will be part of the next parcel that Sociedade Mineira Do Lulo (SML), the mining company in which Lucapa has a 40% stake, is scheduled to…

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Branding Firm Buys Controlling Share in Neil Lane

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RAPAPORT… A New York-based brand-development group has acquired a majority stake in fine jeweler Neil Lane. Authentic Brands Group (ABG) announced the acquisition of the celebrity designer’s namesake brand last week, adding it to a portfolio that already includes fashion labels Judith Leiber, Juicy Couture, Frye, and Hickey Freeman.“Neil’s influence in jewelry, bridal and entertainment provides …

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