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Research
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Dec 03, 2012
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Dilipp S Nag
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ASSOCHAM Expects Short Term Improvement in Indian Economy
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India’s economic situation will likely improve significantly at the critical macro-level and for industry in the next six months, according to the latest ASSOCHAM Bizcon Survey (ABS). This is despite the fact that current domestic demand remains weak and the global markets remain uncertain,...
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Financial-Legal
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Oct 23, 2012
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Dilipp S Nag
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Fluor Completes Jwaneng Expansion
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Fluor Corporation completed its infrastructure and plant upgrades for Debswana's Jwaneng Cut-8 expansion project in Botswana. Fluor provided engineering, procurement and construction management services for the mine, which is the richest diamond...
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Mining
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Sep 19, 2012
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Rapaport News
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India’s Growth Expected to Slow for Fiscal 2013
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India’s economic growth is expected to slow to around 6 percent to 6.3 percent in fiscal 2013, according to an ASSOCHAM survey of economists and industry leaders. Growth is being impacted by the a decrease in industrial growth and its impact on the service...
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Financial-Legal
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Aug 06, 2012
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Dilipp S Nag
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India’s Wealthy Consumers Continue to Spend Despite Weak Economy
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India’s ultra-high-net-worth individuals (HNIs) have not curtailed their spending on luxury items due to the current economic slowdown, but they have turned cautious regarding their investments, according to a study conducted by Kotak Wealth Management...
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Research
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Jul 03, 2012
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Dilipp S Nag
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Shine: Market Fundamentals Signal Growth
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Varda Shine, the Diamond Trading Company's (DTC) chief executive, discusses how market conditions are shaping the second half of 2012. In this video, she shares observations from the JCK Vegas show; Indian...
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Rough Markets
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Jun 06, 2012
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Rapaport News
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India’s Gold Imports May Hit $100B by 2016
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India’s gold imports by value could reach $100 billion by 2015-16 if the government does not monitor inflows more strictly, warned the Associated Chambers of Commerce and Industry of India (ASSOCHAM). India's recent 2012 budget...
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Financial-Legal
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Mar 21, 2012
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Dilipp S Nag
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Diamonds & the Global Economy
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The global economy has not had a bumper year. The extent to which growth in emerging markets can compensate for weaknesses in mature ones has diminished with each crisis. The Euro-zone catastrophe has spread...
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Research
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Nov 25, 2011
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Avi Krawitz
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IMF Says the Economy Hit a 'Dangerous New Phase'
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The International Monetary Fund (IMF) lowered its expectations for economic growth due to "multiple shocks" and insufficient rebalancing efforts by the major economies. The global economic recovery is slowing, with world growth now projected at 4 percent in both 2011 and 2012, down from an earlier prediction...
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Research
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Sep 20, 2011
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Jeff Miller
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Zale's 4Q Sales +9%, Net Loss Rises to $33M
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Zale's fourth-quarter sales rose 9.4 percent year on year to $377.3 million for the three months that ended on July 31, 2011. Same-store sales rose 9.8 percent and at a constant exchange rate with Canada,...
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Financial-Legal
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Aug 31, 2011
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Jeff Miller
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Manufacturing
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Mar 31, 2011
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Jeff Miller
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Bain & Co. Expects Luxury Goods Sales to Rise 10%
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Bain & Company predicted a 10 percent increase in worldwide luxury goods sales for 2010, according to their annual '‘Luxury Goods Worldwide Market Study.'’ The group also determined that for the luxury goods sector...
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Retail
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Oct 18, 2010
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Denise Romano
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RJC Selects SGS to Audit Members
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The Responsible Jewellery Council (RJC) selected a second auditing firm to carry out third-party reviews of its membership's business practices. SGS, based in Geneva, has considerable jewelry industry expertise and a global presence that will serve RJC, according to the company's announcement. SGS inspects, verifies, tests...
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Fair Trade
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Jul 12, 2010
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Jeff Miller
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Mining
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Jul 08, 2010
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Rapaport
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Mining
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Jul 01, 2010
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Rapaport
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Buying Smart
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After the shows in Las Vegas ended, retailers came home to take stock of what they had seen and prepare for the second half of the year. In 2009, many chose not to attend the shows, and most spent the year selling existing stock in an effort to keep...
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Polished Markets
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Jul 01, 2010
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Lara Ewen
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Growing the Jewelry Sector
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Israel’s domestic jewelry market may not have the volume to compare with the U.S., India and China, but it is showing signs of growth. According to Itzhak Bendor, managing director of the Israel Jewelry Manufacturers Association (IJMA), the surest sign of the growing trade is that new stores...
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Polished Markets
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Jul 01, 2010
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Avi Krawitz
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Diamond News Broadcast
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Following the Kimberley Process meeting in Tel Aviv, some important claims were made in Zimbabwe's newspapers that were simply not true. As the trade awaits next steps from Zimbabwe as it threatens to sell rough despite outside pressure, the World Diamond Council made it very clear that...
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Fair Trade
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Jun 30, 2010
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Rapaport News
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U.S. Consumer Confidence Drops
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U.S. consumers did not feel as good about economic conditions in June 2010 as they did one month ago, according to the Conference Board Consumer Confidence Index® released today. The index for June was 52.9 points and while that reading was a little better than...
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Research
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Jun 29, 2010
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Jeff Miller
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Mugabe Appoints New Commander at Chiadzwa Diamond Fields
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Zimbabwe's President, Robert Mugabe, appointed his friend Brigadier General Douglas Nyikayaramba to command the Chiadzwa diamond fields, according to The Zimbabwean newspaper. Nyikayaramba's promotion gives him the power to run the third infantry brigade in Mutare. He replaces Brigadier General Richman Ncube, who, it was alleged,...
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Fair Trade
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Jun 25, 2010
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Jeff Miller
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