Downturn Forces GIA to Close Israel Lab
GIA is to close its lab in Ramat Gan, Israel, saying it is no longer "financially sustainable".
The facility, which opened in August 2012, will close by the end of this year. Submissions will be...
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,...
IJEX Dubai Webinar Opens Export Pathways for Emerging Indian Jewellers
The Gems and Jewellery Export Promotion Council’s (GJEPC) Eastern Regional Office recently hosted an educational webinar aimed at demystifying exports for first-time jewellery exporters. Titled “IJEX Dubai – A Gateway to Export for Beginners”,...
GJEPC’s Delhi RO Holds Export Outreach Program In Amritsar
The GJEPC, Regional Office, Delhi, organised an Export Outreach Program jointly with the office of Additional DGFT, Ludhiana and ECGC with the support of The Amritsar Jewellers Association at Hotel Lawrance, Amritsar on 18th...
Bluestone.com launches Rainforest & Carnation Collections
Bluestone.com launches jewellery inspired from nature for the modern woman of today.
A visual representation of the Carnation flower, the pieces from this collection are every bit as nuanced as the beautiful layers of the...
Lukfook sets sights on China expansion
Luk Fook Holdings (International) Ltd is counting on the growth of middle-class consumers in China to boost its business, with the retailer targeting to open around 150 mainland shops in the coming year.
The company...
Russian mining giant Alrosa reopens US office
In a bid to further strengthen its business in the US, Russia's Alrosa recently reopened its representative office in New York where it successfully held a rough diamond auction.
According to the company, the auction...
US Jewelry Sector Shrinks Again
The US jewelry sector shrank again in Q2 of this year, with the overall loss of 462 retailers and more than 100 wholesalers and manufacturers.
That's lower than the last two quarters, according to statistics...
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...
CIBJO Reports to UN Global Compact on Programmes and Activities During 2022-2024
The World Jewellery Confederation (CIBJO) has formally reported to the UN Global Compact about activities and programmes that it undertook in support of the United Nations’ international mission over the two-year period that started...
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Queen Camilla Turns State Visit Jewelry Into a Lesson in Royal Storytelling
During her high-profile visit to the United States alongside King Charles III, Queen Camilla has once again demonstrated that royal jewelry is far more...
De Beers Posts 17% Increase in Q1 Diamond Production, Reaching 7.1 Million Carats
De Beers Group reported a strong start to 2026, with rough diamond production climbing 17% year-on-year to 7.1 million carats in the first quarter....
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...
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...
Etsy Surpasses Q1 Revenue Forecasts as Buyer Activity Remains Resilient
Etsy delivered stronger-than-expected first-quarter revenue, benefiting from stable consumer demand, rising buyer activity, and higher spending per customer despite a cautious economic backdrop.
The online...
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