ALROSA sells large diamonds for $14.5 mln at the auction in Israel
Moscow, May 31, 2018 - ALROSA, the world's largest diamond producer, has sold special size rough diamonds (weighing over 10.8 carats) at the auction in Israel, having received $14.5 million revenue from sales.
The company...
Duty Drawback, RoDTEP and RoSCTL Benefits Now Available for Courier Exports
The Central Board of Indirect Taxes and Customs (CBIC) under the Dept. of Revenue, Ministry of Finance has issued a circular introducing a new system that extends export-related benefits, including Duty Drawback, Remission of...
Dragon-Themed Demand Drives Chow Tai Fook Sales
Hong Kong-based Chow Tai Fook (CTF) reported a 12.4 per cent growth in retail sales value (RSV) during Q4 of 2023.
It said the post-Covid tourism recovery, strong demand ahead of the Lunar New Year...
Gecko turns to the circus to inspire its latest jewellery collection
Jewellery supplier Gecko has expanded its jewellery portfolio with circus-inspired additions to its Elements Gold collection.
Standout pieces include the semi-precious cocktail rings in green amethyst, Brazilian garnet and London blue topaz.
The plain gold part...
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...
DGFT Introduces Bulk Upload and API Integration for Self-Certification of eBRC
The Directorate General of Foreign Trade (DGFT) announced significant improvements to the online self-certification process for electronic Bank Realisation Certificates (eBRCs). Building on the success of a pilot program in November 2023, the DGFT...
Black Friday ‘losing its meaning’, laments jewellery brand
Jewellery brand Kimjoux Fine Jewellery has claimed that Black Friday has lost its meaning and is launching a new initiative to combat that.
It said that instead of buying things they do not need because...
Pandora Reports Q1 Growth of 18%
Pandora reported organic growth of 18 per cent in Q1 as its "Be Love" campaign attempts to expand beyond the charm bracelets which still account for two thirds of its revenue, and redefine the...
Kering Sales Down, but Boucheron Performs Positively
Kering, the French luxury group that owns Boucheron and other high jewelry maisons, suffered a a 13 per cent decline in Q3 sales.
Group revenue was down to to €4.46bn ($4.72bn) in the face of...
Hong Kong Retail Sales Fall Sharply in May
Sales of jewelry and other luxury items in Hong Kong plunged in May, even as the market showed signs of recovery amid an easing of the city’s coronavirus crisis.
Revenue from jewelry, watches, clocks and...
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