NEWS
China-Thailand Sign MoU on Thailand Gems & Jewelry Fair
Shanghai: Shanghai Gems & Jade Exchange
and Thai Gem and Jewelry Traders Association (TGJTA) launched a dynamic jewelry
confederation with the aim to boost jewellery trade and exchanges between China
and Thailand to establish a modern-day “silk road” under the name of
China-Thailand Gemstone Traders Association or CTGA.
Chow Tai Fook Picks Online Sales Partner
Beijing: Chow Tai Fook has joined forces
with Chinese online retail giant JD.com, which will become the jeweler’s
preferred internet sales channel.
Export Data Shows Bleak April for Antwerp
Antwerp: Belgium’s polished diamond exports
slowed in April, dented by a drop in shipments to Hong Kong and the US.
Tiffany Appeals to Trump on Climate Agreement
New York: Tiffany & Co. has taken the
unusual step of publishing its opinion on a current political issue, urging US
President Donald Trump to keep the country in the Paris Climate Agreement.
Reena Ahluwalia Donates Paintings to Benefit Jewelers for Children
Noted jewellery designer and artist Reena
Ahluwalia has donated two original, museum quality, painting to be auctioned at
the Jewelers for Children (JFC) Facets of Hope event in Las Vegas, NV. The paintings, Portal of Empowerment and
Radiate Brilliance , show highly nuanced, hyper-realistic diamonds with
ultra-magnified facets.
Analyst Sees Global Diamond Output Rising 11.5% in 2017
Vancouver: Global mined diamond output in
2017 is expected to increase 11.5% year-on-year to 142.3-million carats, worth
some $15.6-billion, which itself is a 9.9% increase in forecast total value
produced, evaluation by independent diamond analyst Paul Zimnisky has found.
Palladium Set to Overtake Platinum: GFMS
Johannesburg: The palladium price is poised
to exceed the platinum price for the first time since 2001, Thomson Reuters
said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017.
Johannesburg: The palladium price is poised to exceed the platinum price for the first time since 2001, Thomson Reuters said on Tuesday with the publication of its GFMS Platinum Group Metals Survey 2017.
Stornoway Diamond Sells $35.4 Mln in 1Q
Toronto: Canadian miner Stornoway Diamond
Corporation earned US$35.4 million (C$48.5m) from the sale of 459,126 carats
rough of stones for the quarter ended March 31, 2017, the first full operating
period for the Renard Mine. Commercial production was officially declared on
January 1, 2017.
Pandora Reports 9% Revenue Growth in Q1, America Down
New York: Pandora reported that group
revenue in Q1 of this year increased by 9 percent (8 percent in local currency)
on the year to DKK 5.159 billion ($760 million), in line with the firm's
expectations of single digit growth.
Botswana Rough Exports Rise
Gaborone: Botswana’s rough diamond
shipments increased 2.5% to $849.6 million in the first quarter, reflecting
higher sales at De Beers, according to recent data from the Bank of Botswana.