Rapaport: Diamond Prices See Mixed Trend in February
Diamond prices declined for higher clarities in February following a positive trend in the previous month, Rapaport Group said in a press release. Demand for SI qualities improved.
The US and other Group of Seven...
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,...
LVMH is World’s Most Valuable Luxury Group
LVMH is the world's most valuable luxury company, based on market capitalization and revenue.
That's according to Insider Monkey, the investing website that has just published its top 25, based on a snapshot of their...
Anglo American Cuts 3,700 Platinum Jobs
Anglo American is to cut 3,700 jobs in its platinum division after profits plunged.
It blames "macroeconomic uncertainty", and a 35 per cent fall in price of platinum group metals (PGM), which are used in...
Namibia Increases Diamond Production in 2023
Namibia's rough diamond production increased by 9 per cent during 2023 to 2.33m carats.
Marine diamonds, which account for the majority of its output, were up 8 per cent to 1.86m carats, according to Debmarine...
Harry Winston Opens Eighth Store in China
The US jeweler Harry Winston is expanding its operations in China with the opening of an eighth store.
It's located in the Wulin commercial district of Hangzhou, the country's 11th biggest city, which has a...
Botswana Goes Ahead with HB Purchase
The government of Botswana is to go ahead with its purchase of a 24 per cent stake in HB Antwerp.
That's according to documents providing details of finance minister Peggy Serame's national 2024/25 budget, presented...
Meerut Bullion Traders Association Proposes Jewellery Park In Talks With GJEPC
A delegation from the Meerut Bullion Traders Association (MBTA) led by Dr. Laxmikant Bajpai, engaged in discussions with the GJEPC on the sidelines of the India Gold & Jewellery Summit (IGJS) in New Delhi...
LVMH 2023 Watch and Jewelry Sales hit $11.8bn
LVMH saw improved performances from its watches and jewelry businesses during 2023, with reported revenue up three per cent to $11.84bn.
Organic revenue grew by a "robust" 7 per cent and profit from recurring operations...
GJEPC’s Delhi RO Holds Export Outreach Program In Amritsar
The GJEPC, Regional Office, Delhi, organised an Export Outreach Program jointly with the office of Additional DGFT, Ludhiana and ECGC with the support of The Amritsar Jewellers Association at Hotel Lawrance, Amritsar on 18th...
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DJGF Signature 2025 Debuts as the Ultimate Business Destination for India’s Jewellery Elite
120+ premium exhibitors showcasing exquisite jewellery collections.
150+ hosted buyers and 8,000+ trade visitors in a 1 lakh sq. ft. space.
Exclusive networking at the Elite...
Newfield Resources Eyes Strategic Partner for Sierra Leone’s Tongo Diamond Mine
Australian mining company Newfield Resources is set to bring in a new partner to manage operations at its Tongo diamond deposit in Sierra Leone....
Smithsonian to Unveil Rare 2.33-Carat Winston Red Diamond in Landmark Exhibition
The Smithsonian National Museum of Natural History is set to showcase a breathtaking new addition to its world-renowned gem collection: the Winston Red Diamond,...
De Beers Jewellers Evolves into De Beers London, Embarking on a New Luxury Chapter
De Beers Jewellers has officially rebranded as De Beers London, signaling a refined focus on its connection to one of the world's most influential...
U.S. to Enforce Stricter Diamond Import Rules, Mandating Mining Country Disclosure
The U.S. Customs and Border Protection (CBP) will roll out tighter import regulations for diamonds in April 2025, reinforcing its efforts to block Russian-mined...
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