Growth in US Watch and Jewelry Sales Slows in May
The growth in watch and jewelry sales in the US slowed again in May, for the third consecutive month, according to the latest year-on-year estimates by the US Department of Commerce.
Sales are still increasing...
14-ct Emerald Smashes Christie’s Estimate
A 14.033-carat Colombian emerald sold for more than twice its high estimate as highlight of an online sale by Christie's Paris.
The octagonal, step cut gem, described as green of medium strong saturation with minor...
Investing in Diamonds: What Every Buyer Should Know
Stepping into the glittering world of diamond investment requires more than just an appreciation for the beauty of these glittering gems. It's about understanding their intrinsic value, navigating the complexities of the market, and...
Chow Tai Fook Sees Revenue Surge On Festive Demand
Chow Tai Fook reported a significant boost in revenue, driven primarily by strong festive demand across its key markets. For the financial year ending 31st March, 2024, the group's revenue increased by 14.8% to...
Government Clarifies Re-import Rules for Unsold Jewellery at Exhibitions
The Ministry of Commerce & Industry has issued a crucial clarification concerning the re-import of unsold jewellery exported for exhibitions under specific conditions outlined in the Handbook of Procedure, 2023. This announcement follows recent...
Rare Diamond Tie-Necklace Sells for $3.6m
An extremely rare 1929 diamond and platinum "tie-necklace" by Van Cleef & Arpels sold for three times its high estimate, fetching $3.6m at Sotheby's New York.
It was described as coming from a distinguished American...
Alrosa CEO Urges BRICS Nations to Unite for Global Economic Influence
Speaking at the St. Petersburg International Economic Forum (SPIEF) 2024, Alrosa CEO Pavel Marinychev noted the formidable collective power of BRICS nations. Addressing a thematic session, Marinychev highlighted the significant economic clout of Brazil,...
Signet Tops Jewelry Superseller List Again
Signet remains by far the biggest-grossing jeweler in North America last year, despite an 8 per cent drop in revenue.
Its total 2023 sales of $6.7bn were almost twice those of Walmart (second-placed again), according...
De Beers and Signet Target Diverse New Bridal Generation
De Beers and Signet will work together to promote natural diamonds to a "diverse new generation" of US consumers, ahead of an expected surge in post-pandemic engagements.
They predict a 25 per cent increase over...
UAE Concludes KP Intersessional & History Special Plenary In Dubai
The UN-mandated Kimberley Process (KP) Intersessional and historic special plenary concluded in Dubai, UAE, on 17th May with progress made in key areas that will have bearings on global trade in natural diamonds.
Hosted in...
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CIBJO announced that a three-day course tailored for jewellery industry professionals, which will take place from 21st to 23rd August, 2024, at GIT in...
Kering Sees Double-Digit Jewellery Sales Growth Amidst Challenging Market
Luxury conglomerate Kering reported a challenging first half of 2024, with group revenue declining by 11% to €9.01 billion. The company attributed the downturn...
World Gold Council Study: US Elections Drive Gold Demand and Price Fluctuations
The World Gold Council’s latest report, titled “Ballots to Bullion: Examining the US Election’s Effect on Gold,” delves into the relationship between US presidential...
Grande is the New Face of Swarovski
US pop icon Ariana Grande is the new brand ambassador for Swarovski , the Austria-based crystal and jewelry company.
Grande, aged 31, a Grammy-winning singer,...
De Beers Rough Production Down 15%
De Beers reported a 15 per cent drop in its global diamond production in Q2, as demand remained weak for yet another quarter.
The H1...
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