Mountain Province Slips into the Red

Mountain Province Slips into the Red

Rapaport - News     •     November 9, 2022, 9:09 am

RAPAPORT... Mountain Province reported a loss in the third quarter despite record revenue, as the weak Canadian dollar dragged down its bottom line.The company had a net loss of CAD 7.2 million ($5.4…

18ct. Pink Diamond Rakes In $29M at Christie’s

Rapaport - News     •     November 9, 2022, 5:35 am

RAPAPORT... The Fortune Pink diamond was the top seller at Tuesday’s Christie’s jewelry auction in Geneva, bringing in nearly $29 million.The 18.18-carat stone, the largest pear-shaped,…

US Jewelry Industry Closure Rate Increases

Rapaport - News     •     November 8, 2022, 10:00 am

RAPAPORT... The number of active US jewelry businesses continued its downward trend in the third quarter, according to the latest data from the Jewelers Board of Trade (JBT).Some 152 businesses shut…

Pandora Stands by Forecast Amid Recession Fears

Rapaport - News     •     November 8, 2022, 7:55 am

RAPAPORT... Pandora is holding steady in its sales projections for the year as it rolls out plans to withstand a possible recession, and even expects to hit the upper end of its predicted…

Kimberley Process Rejects Efforts to Put Russia on Agenda

Rapaport - News     •     November 8, 2022, 6:14 am

RAPAPORT... Attempts to discuss Russia at the annual Kimberley Process (KP) plenary failed after the organization received differing views on whether the matter was under its remit.The European Union…

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