Spot gold was mostly unchanged at $1,184.24 an ounce at 0037 GMT. Last week, it touched its lowest since January 2017 at $1,159.96. The metal fell 2.2 per cent last week, recording a sixth consecutive weekly decline. It was also gold’s worst weekly performance since December 2017. US gold futures were up 0.6 per cent […]
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]]>The higher the value of a piece of jewellery or a watch, the more likely shoppers are to switch off their laptops and visit the high street new research has revealed. According to a survey of more than 2,000 consumers in the UK commissioned by The Company of Master Jewellers (CMJ), the cost to ditch […]
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]]>Sales of diamond jewellery in major global markets improved by 7 percent in the first quarter of 2018, according to an industry analysis released by Russian miner Alrosa. The year-on-year increase was largely due to a generally favourable macroeconomic environment, it added. In particular, sales of diamond jewellery in North America (the US and Canada) […]
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]]>Mountain Province Diamonds Inc said in a statement released yesterday that its fourth diamond tender sale of 2018 achieved revenue of US$ 28.3 million (CDN$ 36.2 million), the highest total for any tender result to date. The Company said that 350,000 carats were sold realising an average sale price of US$ 81 per carat. Further, […]
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]]>De Beers Group has successfully tracked 100 high-value diamonds along the value chain from mine to retail as part of its pilot for Tracr™, the name given to its new industry blockchain platform, the group said in a release today. The pilot created an immutable and secure digital trail for a selection of rough diamonds […]
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]]>The Board of Directors of the Israel Diamond Institute (IDI) recently appointed Aviel Elia as the institute’s new managing director, replacing Eli Avidar. Elia, a lawyer by profession, has served as legal adviser and company secretary of IDI since 2013. As a key member of IDI’s management team, he has been involved in developing strategies […]
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]]>The White Paper prepared by The Gem and Jewellery Export Promotion Council (GJEPC) for release at the Banking Summit to be held in Mumbai on May 11 proposes a number of solutions to specific issues facing the bankers and the industry in the context of the recent bank fraud, said Colin Shah, GJEPC Vice Chairman. […]
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]]>Exhibitors and visitors to the Bharat Diamond Week seemed generally satisfied with the outcome as the first ever trade show to be held entirely within the premises of a diamond bourse in India came to a close in Mumbai today. “The response exceeded our expectations,” said Mehul Shah, Vice-President, Bharat Diamond Bourse, and the chief […]
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]]>India’s leading B2B jewellery trade show, India International Jewellery Show (IIJS) 2017 was recognised as the country’s ‘Leading Show in Fashion and Jewellery’ at the 3rd Exhibition Excellence Awards (EEA 2018) function held last week. The winners, in 34 categories covering 22 sectors of the economy, are selected by a panel of experts from India […]
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]]>Continuing credit issues and the declining popularity of “Ever Us” resulted in a difficult year for Signet-owned chain Kay Jewelers. The retailer recorded an 11 percent drop in same-store sales in the fourth quarter and 8 percent decline for the fiscal year. Akron, Ohio–Signet Jewelers Ltd. is set to shutter 200-plus stores this year as […]
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