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Expert reports

U.S. Jewelry, Watch Sales Flat in May
(Rapaport) - U.S. jewelry and watch sales across all channels were flat in May, up just 0.4 percent year on year, at $7.1 billion as estimated from preliminary government figures. According to Rapaport News calculations, jewelry sales rose a touch, up 0.5 percent, to $6.3 billion, while sales of watches fell 0.7 percent to $831 million during the month. Even though estimates were largely unchanged from May 2014, the very slight improvement broke a seven-month streak of sales declines for the sector.

Tackling Debts & Fears in Today’s Diamond Market
( - Massive debts left by a large, failing mid-stream player are always a worry in the diamond industry, and an even bigger concern since the most recent crisis began. Large debts left by a closure means that those owed the money might have difficulty in meeting their own payments, which could cause a chain reaction of failures.

The Biggest Challenge
(Rapaport) - The Presidents’ Meeting that took place in Tel Aviv this week highlighted five challenges facing the diamond industry, but the issue of profitability was the most pressing. Constituents of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), which hosted the meeting, are fighting for survival as they’re unable to make money from polishing rough diamonds.

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Zim auditor general ‘shocked’ with balance sheets of most diamond mining firms
Zimbabwe’s auditor general Mildred Chiri has revealed in her latest government audit report that she was “shocked” to find that most diamond mining companies in the Marange area have been operating “in the red” since 2013.

Hong Kong's jewellery, watches & valuable goods sales decline 14.9 % in May
Hong Kong's retail sales, provisionally estimated at $5 billion in May,  edged down 0.1 percent year on year, according to the Census and Statistics Department.

Andrew Bone joins RJC as its executive director
As part of its ongoing management restructure, RJC announced Andrew Bone has joined its Management Team as Executive Director.

DiamondCorp offer oversubscribed, raises over £5m
DiamondCorp, a southern Africa-focused diamond development, exploration and mining said it raised £5.27-million in an oversubscribed open offer.

Tesiro and HRD Antwerp sign memorandum of understanding
HRD Antwerp signed a Memorandum of Understanding with Tesiro, an internationally renowned Chinese jewellery company currently operating over 400 stores in China.    

Macao International Gem Fair to kick off this month
The Macao International Gem Fair is set to debut this month at The Venetian Macao Resort & Exhibition Center.

T.S. Kalyanaraman of Kalyan Jewellers ranked India’s wealthiest jeweler by Wealth X
T.S. Kalyanaraman, Chairman and Managing Director of Kalyan Jewellers has been ranked on top spot on the Wealth-X list of India's wealthiest jewelers.

GJEPC, BDB and MDMA calls for a meeting of diamond exporters tomorrow
A meeting has been called by the Gem& Jewellery Export Promotion Council (GJEPC), Bharat Diamond Bourse (BDB) and MDMA (Mumbai Diamond Merchants Association) tomorrow(7th July) in Mumbai, where more than 200 diamond exporters are expected to be present.


‘I would like to hold on to something commercial’ – John Teeling
john_teeling_x.jpgBotswana Diamonds established a joint venture company with the Russian diamond giant, Alrosa, which is currently exploring for diamonds in Orapa, Botswana. The AIM and Botswana Stock Exchange-listed company provides its database to Alrosa which in turn applies their technology to identify prospective ground. The Russian diamond company was on the other hand providing its geologists, mineralogists and mobile labs for field work. This year, the joint venture was focusing on three blocks in the Orapa area and earlier work had identified kimberlitic indicator mineral concentrations. Company executive chairperson John Teeling told Rough & Polished’s Mathew Nyaungwa on the sidelines of the Botswana Resource Sector Conference in Gaborone recently that there are indications that kimberlites might be on blocks 206 and 207.


Botswana diamond beneficiation drive suffers setback, albeit temporarily
African diamond producing countries had been pushing for the beneficiation of their rough diamonds to boost earnings from the precious stones. Botswana, which is no doubt the leading diamond producer in the world in value terms, had been leading its peers in Africa on beneficiation. However, things haven’t been moving in the right direction as Gaborone had anticipated.

The rise of Online Second-Hand Jewellery Trade in the United States
Could a family-run e-commerce activity that took off less than ten years ago set the pace for a revolution in the retail chain of the World’s largest diamond jewellery market? Apparently, this is what is happening in the United States where in 2007 two siblings, Josh and Mara Opperman, launched a small project called I Do, Now I Don’t.

HRD Antwerp


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