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GIA & De Beers to Speak on Synthetic Diamonds March 22
The Gemological Institute of America (GIA) and De Beers Technologies U.K. will host a panel of speakers on the topic of synthetic diamonds during GIA GemFest Basel 2015 on Sunday, March 22 at the Congress Center Basel in Switzerland. Tom...
Research Mar 03, 2015 Jeff Miller
zim sm
Zimbabwe Seeks the Release of Diamonds in Belgium
(RAPAPORT) Herald: Zimbabwe took legal action to secure the release of the remainder of diamonds that were seized while up for auction in Belgium following litigation by a South African firm. This suit comes after a Belgian court...
Mining Mar 03, 2015 Herald
Shopping Mall
Dubai's Malls Lack Appreciation for Local Jewelers
(RAPAPORT) Gulf News: There aren't that many of Dubai's gold and jewelry retailers at the city's leading malls but the few that do have outlets in these locations tend to use it more for their high-value...
Retail Mar 03, 2015 Gulf News
Press Release: Kirtilals Wins Two Awards
Press Release: Kirtilals, India’s premium diamond and gold jewelry brand, won two prestigious awards at the National Jewellery Awards organized by All India Gems and Jewellery Trade Federation (GJF). The brand was...
Manufacturing Mar 03, 2015 Kirtilals
Press Release: Mediterranean Gem, Jewelry Conference Begins June 27
Press Release: This is the exciting first in a series of annual Mediterranean conferences taking place in new and exotic locations each year. Lectures will be offered by leading independent laboratory gemologists, appraisers and synthesis experts on a broad...
Marketing Mar 03, 2015 Gem Conference
Leibish Vivid collection
Press Release: Leibish & Co. Unveils Vivid Collection in Hong Kong
Press Release: Leibish & Co., a fancy color diamond and jewelry company that is well known for its incredible finds of rare and exceptional color diamonds, is releasing an exclusive collection of the most exquisite vivid...
Polished Markets Mar 03, 2015 Leibish & Co.
De Beers Diamond Sorting
De Beers February Sight Estimated at $550M
De Beers February sight closed with an estimated value of $550 million and rough diamond prices declined an estimated 2 percent to 3 percent, on average. Minor improvements in assortment qualities were also reported. Sightholders said deferrals were lower...
Rough Markets Mar 03, 2015 Ronen Shnidman
Panama Diamond Exchange
Press Release: Register for PDE Opening, Diamond & Jewelry Week
Press Release: With the launch of a dedicated website at www.latamdiamondweek.com, registration has formally opened for the grand opening of the phase I building at the World Jewelry Hub trading complex in Panama City's exclusive Santa Maria...
Polished Markets Mar 03, 2015 PDE
Industry Leaders Share Disappointment With India's Fiscal Budget
India's Finance Minister, Arun Jaitley, presented the fiscal budget for 2015 and with a couple of exceptions, industry leaders felt it missed key growth initiatives that are tied to the "Make in India" scheme. Expressing...
Manufacturing Mar 02, 2015 Zainab Morbiwala
U.S. Jewelry & Watch Sales -2% in January
U.S. jewelry and watch sales across all channels fell 1.9 percent year on year to $4.55 billion in January, according to preliminary figures. Data revealed that jewelry sales fell 1.6 percent to $4 billion, while sales...
Research Mar 02, 2015 Jeff Miller
Buyers at Gemfields Auction
Gemfields Auction Achieves $15M
Gemfields plc. sold 10.1 million carats of lower-quality emeralds and beryl from its Kagem mine in Zambia for $14.5 million, or an average of $3.72 per carat, The auction set a new record average value per...
Gemstones Mar 02, 2015 Deena Taylor
Diamcor's 3Q Revenue, Profit Plunge
Diamcor Mining reported that its revenue plunged 37 percent year on year to $708,918 (CAD 886,343) during its third fiscal quarter that ended December 31, 2014. The company explained that the year on year...
Mining Mar 02, 2015 Ronen Shnidman
HK Show 2015
Diamond Market Seeks Confidence Boost in Hong Kong
Diamond suppliers were hoping for a boost to market confidence as the Hong Kong International Diamond, Gem and Pearl Show opened on Monday. While it was too early to assess actual trading at the show, visitor traffic...
Polished Markets Mar 02, 2015 Avi Krawitz
ALROSA Sells Stake in MAK-Bank
ALROSA sold its 84.66 percent stake in MAK-Bank to Expobank, the company reported on Monday. The transaction closed on February 26, following approval from the Central Bank of Russia.The sale was part of the company's non-core...
Financial-Legal Mar 02, 2015 Deena Taylor
Rapaport Logo
Rapaport to Auction Over 98,000 Carats in Hong Kong
Press Release: Rapaport Auctions, the leading recycler of diamonds in the world, will be opening its melee auction in Hong Kong on March 2 with over 98,000 carats of diamonds. The auction consists of recycled and finely assorted...
Polished Markets Mar 02, 2015 Rapaport
Chow Tai Fook Store
Chow Tai Fook's Chinese New Year Sales +9%
Chow Tai Fook reported that revenue grew 9 percent year on year during the Chinese New Year holiday shopping period and was spurred by strong sales of gem-set jewelry in Mainland China. However, the company...
Retail Mar 02, 2015 Deena Taylor
Berkshire Hathaway's Retail Revenue +3% in 2014
Berkshire Hathaway reported that revenue from its retail division, which includes jewelers, increased by $134 million, or 3 percent year on year in 2014. The holding company did not provide totals for each of its divisions.The...
Retail Mar 01, 2015 Deena Taylor
Will Physical Stores Survive the Retail Revolution?
Harvard Business School faculty members Rajiv Lal and José Alvarez, along with former school research associate Dan Greenberg, published "Retail Revolution: Will Your Brick-and-Mortar Store Survive," a book that suggested how...
Research Feb 27, 2015 Jeff Miller
MMT, Swiss Partners to Launch Smartwatches Powered by MotionX
Manufacture Modules Technologies (MMT) of Geneva, a Swiss joint venture between Fullpower Technologies of California and Union Horlogere Holdings, launched the MotionX Horological Smartwatch Open Platform. Fullpower will create and manage the schematic...
Watches Feb 27, 2015 Jeff Miller
Jewelry Prices
U.S. Jewelry Price Index -4% in January
The U.S. consumer price index (CPI) for jewelry dropped 4.1 percent year on year to 166.07 points in January, which was about 4 points higher than December's reading. Comparatively, the CPI for watches rose...
Research Feb 27, 2015 Jeff Miller
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