Over 200 Jewelry Businesses Closed Last Quarter
Jewelers Board of Trade (JBT) stats for the third quarter of 2017 indicate the industry is continuing to consolidate. The good news is the rate of closures has slowed considerably.
The organization’s numbers show that,...
JUNWEX Premium pays tribute to Russian traditions
Russia’s jewellery-making legacy takes centre stage at JUNWEX Premium, a one-of-a-kind jewellery exhibition that showcases the latest works and masterpieces of Russia’s major jewellers.
Scheduled for November 10 to 12 at the Moscow WTC...
Signet Jewelers Completes First Phase of Strategic Outsourcing of Credit Portfolio
Signet Jewelers Limited, the world’s largest retailer of diamond jewellery has received $ 960 million as proceeds of the first phase of the strategic outsourcing of its in-house credit programme. The proceeds are being...
Signet Completes Sale of Its Prime Credit Accounts
Signet Jewelers announced it has completed the first phase of the outsourcing of its in-house credit program.
The first phase, announced last year in response to analyst concerns about its credit book, has three prongs:
–...
IGI Launches the Diamond ID Report, a Compact Evaluation Card
The International Gemological Institute (IGI) recently announced the launch of its “diamond evaluation card – the Diamond ID report”.
The Diamond ID report, unlike other reports doesn’t keep the diamond it pertains to separately...
Jewellery industry director disqualified for six years
Gary Wright, the boss of a collapsed Hertfordshire-based jewellery and watch wholesale business, has been banned from acting as a company director after failing to provide adequate company records and treating HM Revenue &...
Firestone Sells 195,330 Cts for US$ 13.5 Mn in Q1 FY2018
Firestone Diamonds plc in its update on operations at its Liqhobong Diamond Mine for the quarter ended 30 September 2017 (Q1 of the Company's FY 2018) reported that the plant at the mine was...
Buckley London expands bauble range following debut success
Global fashion jewellery brand Buckley London is set to add a touch of sparkle this festive season with its latest collection of jewellery bauble designs.
Following the phenomenal success of Buckley London’s debut Christmas bauble...
Petra Diamonds Q1 Revenue Hit by Tanzanian Government’s Blockage of Export Parcel
Petra Diamonds Ltd announced a 17% fall in revenue from diamond sales to US$78.7 million for the three months ending September 30, 2017, citing the impact of the Tanzanian government’s decision to block export...
Gold, jade jewellery take centre stage in Shandong fair
A wide range of gold, silver and jade jewellery from mainland China and overseas exhibitors was on display at the 2017 China (Changle) International Gem Fair in Changle, Shandong, which opened on October 13.
The...
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New Rainbow Edition of Billionaire III Watch
Luxury watchmaker Jacob & Co has announced three new editions of its famous Billionaire III watch.
The bracelet of the Rainbow is fashioned from 580...
Time for Change: Sotheby’s Underground, Gender-Free Watch Auction
An underground auction of vintage watches, held in a Geneva wine cellar, raised $1.3m, almost double its pre-sale high estimate.
Sotheby's offered 24 avant garde...
Another Quarter of Growth at Titan
India's Titan Company enjoyed another quarter of growth in jewelry sales, according to its latest update.
Titan, part of Tata Group, the country's largest conglomerate,...
Petra’s Prices Boosted $8.2m Blue
Petra Diamonds sold fewer carats but achieved higher prices earlier this month at its fifth tender of FY 2024, boosted by the sale of...
Petra Sells Mothballed Mine to Stargems
Stargems has acquired Petra's mothballed Koffiefontein mine, in South Africa, for a "nominal cash consideration".
The loss-making deposit, which Petra bought from De Beers in...
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