The retail price of polished diamonds in China has remained stable over the last six months, despite a collapse in the rough market. That’s according to an informal survey of salespeople at major jewelry stores in Shanghai, by Yicai Global, an English language state-owned news service. Staff at Chow Tai Fook Jewellery, Leysen Jewellery, Kimberlite […]
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]]>ALROSA reports its rough and polished sales results for September and nine months of 2020. Sales of rough and polished diamonds in September totaled $336.0 million, including proceeds from rough diamond sales of $328.2 million, and polished diamond sales of $7.8 million. For nine months of 2020, total rough and polished diamond sales accounted for […]
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]]>Jewelry stores have shown “encouraging signs” in post-COVID-19 China, according to De Beers. Paul Rowley, its executive vice president of diamond trading, said most retail outlets were now open again, although sales had yet to return to levels before the pandemic. “In China, most stores are now open again with consumers returning and encouraging signs […]
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]]>Mall traffic rose 91 percent on Black Friday compared to an average weekend. That’s the result of a report from advertising technology company Mobility Technologies. That’s the good news. The bad news, at least for jewelers, is that they were far from top of mind for shoppers. According to Mobility Technologies Black Friday report lingerie […]
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]]>Greek jeweler Folli Follie has confirmed reports it’s considering options for offloading its Links of London jewelry business. The ailing company, which purchased the UK-based chain of jewelry stores in 2006, has appointed financial advisory company Deloitte and Savigny to weigh its options for the sale. Folli has been in trouble financially since the results […]
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