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
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 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 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 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'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
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
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
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 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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GJEPC Surat RO Hosts Industry Interaction with DGTS on Key Tax Concerns
The Gem & Jewellery Export Promotion Council (GJEPC) Surat Regional Office recently organised an important meeting between gem and jewellery industry representatives and Shri...
Queen Camilla Turns State Visit Jewelry Into a Lesson in Royal Storytelling
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LVMH watch boss sees Jean Arnault as best candidate for his role
Jean-Christophe Babin, the head of LVMH’s watch division, says he’s ready for a phased retirement and Jean Arnault would be an obvious candidate to...
India’s Q1 Gold Jewellery Volumes Decline as High Prices Reshape Buying Trends: WGC
India’s gold jewellery demand witnessed a sharp slowdown in the first quarter of 2026, as soaring bullion prices reduced affordability and pushed many consumers...
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