NEWS
-228x228.jpg "U.S. Jewellery Store Sales Increase By 3.8% In 2016")
U.S. Jewellery Store Sales Increase By 3.8% In 2016
Sales at specialty jewellery stores in the
U.S. grew 3.8 percent to $31.43 billion in 2016 following a sharp rise in
December, according to data from the U.S. Census Bureau. December sales jumped
7 percent to $6.21 billion from $5.81 billion in December 2015, the provisional
figures showed.
Global Platinum Deficit May Rise in 2017: WPIC
London: The global platinum deficit is
predicted to weigh in at 120,000 oz in 2017, a larger shortfall than previously
estimated, driven by a fall in supply, industry lobby group, the World Platinum
Investment Council, said in its Platinum Quarterly Thursday.
Indian Diamantaires Under Scanner
Surat: Diamantaires in Surat and Mumbai are
once again under scanner of the global diamond industry, especially the diamond
jewellery consumers and buyers from the sensitive market in US.
GJEPC to Host International Diamond Conference “Mines to Market 2017”
Mumbai: The Gem and Jewellery Export
Promotion Council of India will host the International Diamond Conference on
19th & 20th of March 2017. The conference is being held with an objective
of bringing together the leading Miners, Diamantaires, Retailers, Bankers and
Analysts from across the globe on a platform to discuss the supply and demand
issues faced by the Global Diamond Industry.
2017 Dubai Precious Metals Conference on April 9-10
Dubai: The conference will have the
participation of miners, investors,
engineers, asset managers and professional services representatives from across
the precious metals sector. They will discuss the most relevant topics of note
to the industry. “Held under the theme of ‘Connecting Markets’, the discussions
will focus on the new era of global trade and how shifting geopolitics will
impact the trade flows of precious metals,” DMCC said.
Prince Sadruddin Aga Khan’s Collection to be Exhibited
New York: Some people simply have amazing
taste. Prince Sadruddin Aga Khan, who served as United Nations High
Commissioner for Refugees from 1966 to 1977, was one of those people.
Signet’s 4Q Comps Fall 4.5 Percent
New York: Signet Jewellers reported yet
another downbeat quarter, with sales falling at every division except for
Piercing Pagoda. Overall same-stores sales fell 4.5 percent in the quarter, and
1.9 percent for fiscal year 2017.
Rolex Rated as World’s Most Reputable Company
New York: For the second year in a row,
Rolex topped an annual ranking of companies with the best reputations in the
world.
ALROSA Monthly Sales Rise to $390M
Moscow: ALROSA’s diamond sales increased in
February from the previous month as demand held firm, the miner said on
Thursday.
India Braces for Ban on Large Cash Deals
Mumbai: India’s ban on high-value cash
transactions could damage rural gold demand or spur growth in the black market,
the World Gold Council (WGC) warned.From April 1, the government will cap cash purchases
at $4,493 (INR 300,000) as it continues its attempts to transform the nation’s
economy into one based more on electronic transactions.