De Beers Rough Sales Down 30% to $450m
De Beers today reported $450m of rough sales during its first cycle of 2023, down over 30 per cent on 2022.
That's despite reports that larger stones (+2.0-cts) were discounted by as much as 10...
GJEPC’s Gujarat Registration Camp Converts 30 Non-Exporters To Exporters In A Single Day
GJEPC had organised a webinar to create awareness on “How to export small parcels” a few days ago. More than 500 members had attended the webinar and of these, 40 members showed their readiness...
India’s Gold Jewellery Demand Slips 2% To 600.4 Tonnes In 2022; Gold Imports Plunge...
Total jewellery demand in India for 2022 was down by 2% to 600.4 tonnes as compared to 610.9 tonnes in 2021, it noted. The value of Indian gold jewellery demand in 2022 was up...
Angola’s 2022 Diamond Sales up to $1.95bn
Angola exported 8.75m carats last year, well down on its original forecast of 13.8m.
But total revenue was $1.95bn, the Ministry for Mineral Resources, Oil and Gas said, an increase of almost a quarter on...
LVMH Jewellery & Watch Revenues Soar 18% To €10.58 Billion In 2022
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, reported jewellery and watch revenue growth of 18% to €10.58 billion in 2022, in comparison with 2021. The division’s profit from recurring operations...
Talented Designer Scoops Jewelry Prize
Talented Wang Xuerui beat over 1,500 jewelry designers to win first prize in HRD Antwerp's 18th Design Awards.
Her piece, called Mutualistic, was described as "a stunning work that symbolizes peace at the core of...
US to Spend $5.5bn on Valentine’s Jewelry
US consumers are set to spend $5.5bn on jewelry as they splash out on a record Valentine's Day, according to the NRF (National Retail Federation).
That will account for just over a fifth (21 per...
Tanishq Opens First Stores in US and Abu Dhabi
Indian jeweler Tanishq has opened its first stores in the US and Abu Dhabi.
It says it is planning further outlets as it expands beyond the 400-plus stores it currently operates at home.
The first US...
De Beers Names Date for New CEO
De Beers says new CEO Al Cook will formally take over from Bruce Cleaver on 20 February.
It announced last October that Cleaver, who has been at the helm since 2016, will become co-chairman of...
Richemont Jewelry Sales Rise, Despite Covid in China
Richemont saw jewelry sales rise by 11 per cent in the last three months of 2022, despite a Covid-related slump in China.
Buccellati, Cartier and Van Cleef & Arpels drove much of the increase, the...
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