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Polished Markets
U.S. Consumer Confidence Index +26% in November
U.S. consumer confidence was much stronger in November than was the case one year ago, according to The Conference Board Consumer Confidence Index®, which registered 88.7 points (1985=100) compared with only 70.4...
Research Nov 25, 2014 Jeff Miller
Gemfields Recovers 40-Carat Ruby
Gemfields recovered a 40.23-carat rough ruby at tis Montepuez deposit in Mozambique. Given the significance of this stone, Gemfields committed to follow the gemstone from mine to market and its ultimate home. The gem was appraised...
Gemstones Nov 25, 2014 Jeff Miller
Movado's Sales -1%, Profit -4%
The Movado Group reported that sales fell 0.6 percent year on year to $188.6 million in the third quarter that ended on October 31. Cost of sales were reduced slightly, by 0.3 percent, to $88.7 million. Gross...
Financial-Legal Nov 25, 2014 Jeff Miller
tiffany small
Tiffany & Co.'s Revenue +5%, Profit -60%
Tiffany & Co. reported that revenue rose 5.3 percent year on year to $959.6 million in the third quarter that ended on October 31. Same-store sales rose 4 percent. The jeweler reduced cost of sales by 0.8...
Financial-Legal Nov 25, 2014 Jeff Miller
Signet Records $1M Loss, Same-Store Sales +4%
Signet Jewellers Ltd. reported that revenue rose 52.7 percent year on year to $1.18 billion for the third quarter that ended on November 1 based on a condensed consolidated basis that included the acquisition of Zale. Comparable-store...
Financial-Legal Nov 25, 2014 Jeff Miller
Chow Tai Fook Store
Chow Tai Fook's 1H Revenue -22%
Chow Tai Fook reported that revenue fell 22 percent year on year to $2.88 billion (HKD 29.32 billion) in the six months that ended September 30, 2014 as gold sales failed to keep pace with last...
Retail Nov 25, 2014 Avi Krawitz
Gope, Botswana
Botswana Diamonds' Loss Widens, Teeling Says Fundamentals Remain Strong
Botswana Diamonds reported a preliminary loss of $1.61 million (GBP 1.02 million) for the fiscal year that ended on June 30, which was up from a loss of $813,440 one year earlier. Cash and cash equivalents...
Mining Nov 24, 2014 Jeff Miller
Trent West Awarded Permanent Injunction for Tungsten Carbide
Press Release: Trent West, the owner of nine patents that are related to the concept and manufacturing of Tungsten Carbide rings in the U.S., was awarded a permanent injunction against Zenga Inc., prohibiting the sales...
Financial-Legal Nov 24, 2014 Trent West
Palladium Equity Positions Daniel's Jewelers to Expand
Private equity firm Palladium Equity Partners announced that it had made a majority investment in Daniel's Jewelers in California, without disclosing financial details. The retailer was founded in 1948 and the family-run business has since...
Financial-Legal Nov 24, 2014 Jeff Miller
Bulova Introduces 24-Karat Gold Watch
Bulova Corporation introduced a watch with a case made from 24-karat gold as a special edition timepiece from the company's Bulova Accu•Swiss brand. It is the first edition in the company's Joseph Bulova Collection and it was recognized...
Watches Nov 24, 2014 Jeff Miller
fashion island
Gallup: U.S. Christmas Gift Spending to Increase 3%
U.S. adults are planning to spend $720 on gifts for the Christmas season, according to Gallup's latest survey, representing a 3 percent increase from 2013, but a decrease of about 6 percent compared with 2012 and 2011. Forty-six...
Research Nov 24, 2014 Jeff Miller
ogi systems
OGI Launches an Inclusion Mapping System at IGJME
Press Release: OGI Systems Group is launching ClearEX, the ultimate and most advanced system to detect inclusions. The new device will be launched at the India Gem & Jewellery Machinery Expo (IGJME) 2014.Following extensive...
Technology Nov 24, 2014 OGI Systems
swiss watch
Swiss Watch Exports +5% in October
Swiss watch exports rose 5.2 percent year on year to $2.34 billion (CHF 2.27 billion) in October, representing a record level for a month, according to the Federation of Swiss Watches. Exports by volume rose 4.5 percent to 2.881...
Gemstones Nov 24, 2014 Avi Krawitz
IDI Diamond Deals
IDI Launches Cyber Christmas B2C Sales Platform
Press Release: The Israeli diamond industry is gearing up for Cyber Monday with a pop-up business-to-consumer (B2C) ecommerce platform for loose diamonds and diamond jewelry, launched by the Israel Diamond Institute Group of Companies (IDI)....
Polished Markets Nov 24, 2014 IDI
India sign - iijs
India's Oct. Polished Exports -15%
India’s polished diamond exports fell 15 percent year on year to $2.219 billion in October, according to data published by the Gem and Jewellery Export Promotion Council (GJEPC). By volume, exports dropped 16 percent to 3.786 million carats, while...
Polished Markets Nov 23, 2014 Avi Krawitz
Ekati Mine
Dominion's 3Q Sales Jump on Higher Ekati Production
Dominion Diamond Corporation’s sales jumped an estimated 47 percent during the third quarter that ended on October 31 due to increased production at the Ekati mine.The company reported total sales of $222.3 million, which included proceeds from...
Rough Markets Nov 23, 2014 Avi Krawitz
Karl Smithson
West Africa Remains Stellar Diamond Frontier
Stellar Diamonds is a company operating in West Africa seeking to transition from exploration into commercial rough diamond production. The company expects to sell the first parcel of diamonds from one of its two development projects in the...
Mining Nov 23, 2014 Ronen Shnidman
GIA Explores Ruby, Sapphire in Malawi
Press Release: In 1958, a ruby and sapphire deposit was discovered about 145 kilometers south of Malawi’s capital of Lilongwe on Chimwadzulu Hill. Although this is one of the oldest known gemstone deposits on the African continent, very...
Gemstones Nov 21, 2014 GIA
Citizen Watch Co. Holds Grand Opening in Manhattan
Citizen Watch Company of America held the grand opening of it flagship store in Times Square at 1500 Broadway this week, marking the first Citizen Watch global retail concept store in North America. The 1,300 square...
Watches Nov 21, 2014 Jeff Miller
zim sm
Court Orders Mbada Diamonds to Pay $700K Debt
(RAPAPORT) The Herald: Mbada Diamonds has fallen on hard times after Zimbabwe's High Court ordered the firm to pay debt amounting to $700,000. The company failed to defend claims by Tandamanzi Drilling and Hennem Investments...
Mining Nov 21, 2014 The Herald
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