Titan Reports Robust Q2 Jewellery Sales
Titan Company Ltd. announced a 26% rise in jewellery revenue to Rs.10,763 crores for Q2 FY2024-25. The quarter saw an uptick in buyer interest across Titan’s jewellery brands, including Zoya, Tanishq, Mia and CaratLane,...
Trump’s Tariffs: A Looming Crisis for India’s Diamond and Jewelry Exports
India is on high alert as the U.S. prepares to potentially raise tariffs, threatening to worsen the already fragile state of the country's diamond and jewelry industries. The Trump administration has stated its goal...
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...
Botswana: De Beers Sell-Off is “Best Thing”
Botswana's government has greeted news of a De Beers sell-off as "the best thing" and indicated it could increase its 15 per cent stake in the UK-based miner.
Parent company Anglo American announced last month...
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,...
Chow Tai Fook Reports Record $1.58bn Profits
Chow Tai Fook (CTF), the Hong Kong-based jeweler with over 7,500 stores across mainland China, has reported record high revenue and core operating profits for the year to 1 March (FY 2024).
Revenue was up...
Varda Shine, Former De Beers Senior Exec, Named Interim Chair Of Petra Diamonds
Petra Diamonds has appointed Varda Shine, Senior Independent Director, as Chair of Petra with effect from the conclusion of its Annual General Meeting in mid-November. The previous Chairman Peter Hill CBE retired from the...
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...
CIBJO Proposes Universal Standards for Gem Labs
Ahead of the 2024 CIBJO Congress in Shanghai, the Gemmological Commission has released a report advocating for the adoption of universal best practices for gem laboratories worldwide.
The report suggests that the CIBJO Gemmological Laboratories...
Third Man Jailed over Jeweler’s Homicide
A 66-year-old man has been convicted and sentenced in connection the murder of jeweler in Connecticut, USA.
Thomas Liberatore was handed a 32-year sentence for his role in what police described as the "cold-blooded murder"...
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