Lab Growns: It's all about Price, says Pandora Boss

Lab Growns: It’s all about Price, says Pandora Boss

Pandora's CEO says consumers don't buy lab growns because they're "sustainable". They buy them because they're cheap. Alexander Lacik told Fortune magazine: "When we talk about product choice, there are only two things that actually...
Rapaport: Diamond Prices See Mixed Trend in February

Rapaport: Diamond Prices See Mixed Trend in February

Diamond prices declined for higher clarities in February following a positive trend in the previous month, Rapaport Group said in a press release. Demand for SI qualities improved. The US and other Group of Seven...
Alrosa Announces Increased Sales for 2023

Alrosa Announces Increased Sales for 2023

Alrosa reported a 9 per cent increase in rough diamond sales in 2023, to $3.55bn, despite Western attempts to impose sanctions over its invasion of Ukraine. However net profit dropped 15 per cent to $939.3m,...
LVMH is World's Most Valuable Luxury Group

LVMH is World’s Most Valuable Luxury Group

LVMH is the world's most valuable luxury company, based on market capitalization and revenue. That's according to Insider Monkey, the investing website that has just published its top 25, based on a snapshot of their...
Anglo American Cuts 3,700 Platinum Jobs

Anglo American Cuts 3,700 Platinum Jobs

Anglo American is to cut 3,700 jobs in its platinum division after profits plunged. It blames "macroeconomic uncertainty", and a 35 per cent fall in price of platinum group metals (PGM), which are used in...
Namibia Increases Diamond Production in 2023

Namibia Increases Diamond Production in 2023

Namibia's rough diamond production increased by 9 per cent during 2023 to 2.33m carats. Marine diamonds, which account for the majority of its output, were up 8 per cent to 1.86m carats, according to Debmarine...
Harry Winston Opens Eighth Store in China

Harry Winston Opens Eighth Store in China

The US jeweler Harry Winston is expanding its operations in China with the opening of an eighth store. It's located in the Wulin commercial district of Hangzhou, the country's 11th biggest city, which has a...
Botswana Goes Ahead with HB Purchase

Botswana Goes Ahead with HB Purchase

The government of Botswana is to go ahead with its purchase of a 24 per cent stake in HB Antwerp. That's according to documents providing details of finance minister Peggy Serame's national 2024/25 budget, presented...
Meerut Bullion Traders Association Proposes Jewellery Park In Talks With GJEPC

Meerut Bullion Traders Association Proposes Jewellery Park In Talks With GJEPC

A delegation from the Meerut Bullion Traders Association (MBTA) led by Dr. Laxmikant Bajpai, engaged in discussions with the GJEPC on the sidelines of the India Gold & Jewellery Summit (IGJS) in New Delhi...
LVMH 2023 Watch and Jewelry Sales hit $11.8bn

LVMH 2023 Watch and Jewelry Sales hit $11.8bn

LVMH saw improved performances from its watches and jewelry businesses during 2023, with reported revenue up three per cent to $11.84bn. Organic revenue grew by a "robust" 7 per cent and profit from recurring operations...

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41-ct Yellow Diamond Sells for $1m

41-ct Yellow Diamond Sells for $1m

A 41.02-carat fancy intense yellow diamond sold for $1.02m at a Sotheby's New York sale of jewels from a mystery collector. The natural color, VS2...
Rolex's 30% Share of Swiss Watch Market

Rolex’s 30% Share of Swiss Watch Market

Rolex remains the king of Swiss watches, with more than a 30 per cent share of the market in 2023, according to new research...
Gems and Jewellery Export Promotion Council GJEPC

GJEPC Delhi RO Webinar Highlights India-UAE CEPA Potential for Gold Industry Growth

GJEPC’s Delhi Regional Office hosted a webinar on 14th March focused on exploring the potential of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and...
Dubai Diamond Trade In 2023 Up 2% To $38.3 Billion: DMCC

Dubai Diamond Trade In 2023 Up 2% To $38.3 Billion: DMCC

DMCC reported that total rough and polished diamond trade in Dubai reached $38.3 billion in 2023, up 2% year-on-year and representing a five-year compound...
Necklace is Symbol of Ukraine's Two-Year Struggle

Necklace is Symbol of Ukraine’s Two-Year Struggle

A jewelry house in Ukraine has spent the last two years crafting a choker necklace in white gold, titanium, and diamonds that symbolizes the...
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