IGI Could Raise $477m with IPO
The IGI grading lab is seeking to capitalize on the lab grown boom with an IPO (initial public offering) that could raise $477m.
Revenues have increased since the network of 31 labs and 18 schools...
US Sanctions Russian Diamond Cutter and Retail Jeweler
The US has added the prominent jewelry brand Miuz and the diamond cutter Kristall to its list of sanctioned companies in Russia.
Kristall, Russia's largest diamond cutter, is now on the Specially Designated Nationals (SDN)...
Spacewalk Watch Boost for Children’s Hospital
The luxury Swiss watchmaker IWC Schaffhausen yesterday (Monday 26 August) sent four specially-designed timepieces into space.
They'll be auctioned for a US children's hospital once they've safely returned to Earth.
IWC Schaffhausen, a subsidiary of the...
India’s Bid to Revive Chinese Market
Diamond manufacturers in India are planning a campaign to revive sales in the dwindling Chinese market.
The Gem & Jewellery Export Promotion Council (GJEPC) is joining forces with De Beers and with Chow Tai Fook,...
Lab Grown Firm Fighting Off Insolvency
Lusix, the lab grown company behind Sun Grown Diamonds, is seeking court protection from creditors amid plunging prices.
It was founded in 2016 by Israeli billionaire Benny Landa, the "father of commercial digital printing" who...
GJEPC Meets Customs Officials to Address Industry Concerns
A high-level meeting was held on 17th August 2024, between representatives of the GJEPC and Customs officials to discuss pressing issues facing the diamond and jewellery industry.
Led by Shri Surjit Bhujabal, Member Customs, the...
Pandora Reports Strong Q2 Growth
Pandora reported a 15 per cent growth in its Q2 revenue, despite "sluggish" consumer spending".
The Danish company, best known for its charm bracelets but repositioning itself as a "full jewelry brand", said like-for-like lab...
Botswana Wants Double Stake in HB, for Same Money
The government of Botswana reportedly wants to renegotiate its planned purchase of a stake in Belgian polisher HB Antwerp - more than doubling its share for the same $66m payment.
In February finance minister Peggy...
Sales Dip, Profits Rise at Brilliant Earth
Brilliant Earth, the US-based "ethical jeweler" saw sales dip in Q2, but reported a slight rise in profits.
The total number of orders rose by 3.6 per cent, but the average order value fell by...
Shutdowns and Short Weeks for Surat Factories
As many as a third of the diamond units in Surat, India, are reported to have closed temporarily or to be working short weeks as the slump in global demand persists.
The news follows the...
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