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India Pavilion set to sparkle at Qatar Show

Author: unknown - Published 15-02-2019 18:37 - (0 Reads)
For the first time ever, the Gem & Jewellery Export Promotion Council (GJEPC) is organising an India Pavilion at the upcoming 16th edition of “Qatar Show” (previously known as the Doha Jewellery and Watches Exhibition) to be held from February 20-25 at the Doha Exhibition and Convention Centre (DECC).

Rapaport Weekly Market Comment

Author: unknown - Published 14-02-2019 18:47 - (0 Reads)
Polished market improving, with suppliers selling at lower prices to generate liquidity. Rough trading cautious as high rough prices and weak polished continue to squeeze midstream profits. Shortages of top-make goods due to reduced manufacturing, but large inventory of leftover lower-quality diamonds. Chinese government reports retail sales +9% during 7-day Lunar New Year holiday. High-end luxury robust as Boucheron owner Kering sees strong growth in US and Asia. NRF expects jewelry to top list of Valentine’s Day gifts. Alrosa Jan. sales -44% to $282M. Belgium Jan. polished exports -4% to $777M, rough imports -33% to $727M. Rapaport announces Trade Mission to Surat April 8-11.

FIRESTONE FINDS A HUGE, 70-CARAT WHITE AT LIQHOBONG

Author: unknown - Published 14-02-2019 18:46 - (0 Reads)
Firestone Diamond has announced the recovery of a “70-carat white, makeable diamond” from its Liqhobong Mine in Lesotho. According to the company, the stone was recovered undamaged and will be offered at the company’s next tender during March.

Alrosa Showcases ‘Record-Breaking’ Pink

Author: unknown - Published 13-02-2019 18:42 - (0 Reads)
Alrosa has launched an exhibition of rare polished colored diamonds, including a 14.83-carat pink that is the largest of its color in Russian history, the miner said Wednesday.

Proposed jewellery park in Navi Mumbai will create one lakh jobs

Author: Suyash Karangutkar - Published 11-02-2019 18:36 - (0 Reads)
The jewellery park being planned in Navi Mumbai will create one lakh jobs in the jewellery sector, Gem & Jewellery Export Promotion Council (GJEPC) chairman Pramod Kumar Agrawal said on Sunday. The park in Ghansoli will have nearly 4,000 jewellery units.

GIA Spots CVD Stone in Parcel of Treated Melee

Author: unknown - Published 10-02-2019 18:45 - (0 Reads)
In a rare case, the Gemological Institute of America (GIA) has discovered an irradiated chemical vapor deposition (CVD) diamond in a batch of natural melee a client had submitted for testing.

GIA Spots CVD Stone in Parcel of Treated Melee

Author: unknown - Published 10-02-2019 18:40 - (0 Reads)
In a rare case, the Gemological Institute of America (GIA) has discovered an irradiated chemical vapor deposition (CVD) diamond in a batch of natural melee a client had submitted for testing.

IGI issues over 24 lakh certificates for diamond jewellery in 2018

Author: unknown - Published 08-02-2019 15:49 - ( Reads)
The International Gemological Institute (IGI), the world's largest independent gem certification and appraisal institute has issued over 24 lakh certificates for Diamond Jewellery in 2018, higher than in previous years.

Indian consumers cash in their gold jewellery as prices rally

Author: unknown - Published 08-02-2019 15:46 - ( Reads)
Scrap gold supplies in India, the world’s second-biggest consumer of bullion, may increase this quarter as a rally in local gold prices has prompted consumers to sell old trinkets and jewellery.

Rapaport Weekly Market Comment

Author: unknown - Published 07-02-2019 15:53 - ( Reads)
Far East trading quiet during Chinese New Year. Market cautious due to weak demand, tight profitability and reduced bank credit. Selective buyers creating shortages of excellent-cut (3X, none) diamonds, but prices of lower-quality goods softening due to excess supply. 1 ct. RAPI -0.4% in Jan. Manufacturers maintaining low production as profit margins are squeezed by high rough prices. Letšeng 4Q sales -40% to $42M, average price -43% to $1,259/ct. Belgium 2018 rough imports flat at $10.7B. Pandora 2018 sales flat at $3.5B, profit -13% to $773M. RapNet introduces jewelry to trading network. The Rapaport Group wishes all our friends a happy and successful Chinese New Year.

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