Russia’s Finance Ministry to Launch Jewelry Platform
Russia's finance ministry is to launch an online platform for jewelry sales as it aims to increase exports to Asia and beyond.
It's designed to open up new markets for manufacturers, minimize their administrative costs...
Chaumet to Design Paris Olympics Medals
Chaumet, the French luxury jeweler, will design the winners' medals for the Paris Olympics next year.
It's part of a $166m premium partner sponsorship package announced last week by its parent company, LVMH.
Chaumet, the fine...
De Beers Sees 22% Dip in H1 Revenue to $2.8 Billion
Diamond mining major De Beers reported a decline in revenues in the first half of 2023, amidst the ongoing macro-economic headwinds and a substantial inventory build-up in the midstream.
The company’s total revenue for the...
“Impressive Growth” in LVMH™s Watch and Jewelry Sales
LVMH reported an 11 per cent rise in jewelry and watch revenue to $6bn in the first half of this year, part of an "outstanding" set of results across all sectors.
The French luxury conglomerate...
Swiss Watch Exports Boosted by Hong Kong Recovery
Swiss watch exports enjoyed another surge during June, buoyed in part by a 46 per cent increase in sales to Hong Kong, its third biggest market.
Overall foreign sales for the month were up by...
JGTD returns for third edition with richer showcase of product diversity and innovation
New show floor destinations await trade buyers at one of the industry’s fast rising jewellery and gemstone sourcing events
DUBAI, United Arab Emirates, 24 July 2023 – Further solidifying its distinctive position as a top...
Key Considerations When Purchasing Vintage Jewelry
From art deco and art nouveau to mid-century modern and Edwardian, the timeless appeal of vintage jewelry ensures it remains a desirable and perennially fashionable accessory that holds its value throughout the decades.
Aside from...
Pay Cuts for Half of India’s Diamond Workers
Half of India's diamond workers are struggling financially as a global drop in demand forces factories to cut hours and wages.
The country's estimated 500,000 cutters and polishers are paid either per carat - around...
IGI Partners with Watch & Jewellery Initiative 2030
IGI GLOBAL (July, 2023) – The International Gemological Institute (IGI), the world’s largest independent gemological laboratory, has joined the Watch & Jewellery Initiative 2030 (WJI 2030) as a partner member. Founded in 2021 by...
Alrosa CEO Pavel Marinychev Named In Latest U.S. Sanctions
In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities. Russian diamond...
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