In India, Amazon and Walmart face off against the country’s richest man
Asia's richest man Mukesh Ambani announced details of a new online shopping platform Friday that will see his oil-to-telecoms conglomerate take on Amazon and Walmart in India's burgeoning e-commerce market.
Ambani, the chairman of Reliance...
DRI seizes Rs 6.8 cr worth gold smuggled into India from Dubai, Sri Lanka
The Directorate of Revenue Intelligence (DRI) has arrested four people for allegedly trying to smuggle gold valuing about Rs 6.88 crore into the country from Dubai and Sri Lanka, according to an official statement...
Christmas sales fall short of expectations at Signet
Signet’s UK retail outlets, H.Samuel, and Ernest Jones have both suffered a slump in sales of a little over 11% for the nine weeks ending January 5, 2019.
During the key Christmas trading period, sales...
Suresh Prabhu to launch ‘Gem & Jewellery Domestic Council’ in Mumbai on January 28
A new Gem & Jewellery Domestic Council, an apex body that will bring together all the different segments of the industry within India under a common banner, will be formally launched by the Hon’ble...
Brent Eiseb Appointed CEO of Namibia Diamond Trading Company
The Namibia Diamond Trading Company (NDTC), a joint venture between the Government of Namibia and De Beers, yesterday said that following the retirement of its long-standing CEO Shihaleni Ellis Ndjaba, it had appointed Brent...
Billionaire Sam Zell buys gold for first time in bet on tight supply
Gold’s dimming supply prospects have caught the eye of one billionaire.
“For the first time in my life, I bought gold because it is a good hedge,” Sam Zell, the founder of Equity Group Investments,...
International Jewellery London names new events director
International Jewellery London has appointed a new events director to take the reins after Sarah Kitley-Spencer left last year.
Effective immediately, Katie Morris has been named as the Olympia-based trade show’s event director.
Morris is an...
ALROSA earns $463 mln at international auctions in 2018
In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving a total revenue of $463 million for the year.
The company...
WPC Resources rebrands as Blue Star Gold
Vancouver-based WPC Resources Inc. (TSXV: WPQ) announced on Wednesday that effective January 18, 2019, the company will change its name to Blue Star Gold Corp.
Blue Star will be a Vancouver-based gold and silver exploration...
GIA alum Craig Danforth to join Jewelers Mutual team
Craig Selimotic Danforth will join the leadership team of Jewelers Mutual Insurance Group on Monday, January 28, assuming the role of Vice President of Client Solutions.
Danforth has 25-plus years of sales, business development, marketing,...
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