Mumbai: Two of the jewellery industry’s
leading trade fairs are set to open in Hong Kong in late February to early
March. Organised by the Hong Kong Trade Development Council (HKTDC), the 4th
Hong Kong International Diamond, Gem & Pearl Show will take place from 28
February to 4 March at the Asia World-Expo, while the 34th Hong Kong
International Jewellery Show will open from 2 to 6 March at the Hong Kong
Convention & Exhibition Centre.
Gaborone: De Beers rough-diamond sales
jumped 32 percent year on year to $720 million during its first sales cycle of
2017 as manufacturers restocked following the holiday season, according to a press
statement issued by the Company.
New York: J.C. Penney CEO Marvin Ellison
told a Dallas real estate conference the department store will likely have to
close more stores.
“We have certain locations that we readily
admit we have to downsize,” he said, according to The Dallas Morning News.
Harare: The Zimbabwe Consolidated Diamond
Company (ZCDC) is currently engaging local banks to secure about $300 million
for equipment and expansion of its operations, according to media reports.
Johannesburg: Petra Diamonds said revenue
leapt 48 percent in the first fiscal half because of steady demand following a
stabilization in the rough market.
Sales grew to $228.5 million during the six
months that ended December 31, the miner reported. Excluding ‘exceptional’
diamonds, revenue rocketed 51 percent from a year ago to $217.6 million. Total
sales by volume jumped 47 percent to 1.9 million carats.
New York: The Diamond Empowerment Fund
(DEF) has held an exclusive first U.S. screening in New York of A United
The movie chronicles the early years of
Botswana’s rise from poverty to become what is now the second-largest producer
of diamonds in the world. The movie, starring David Oyelewo and Rosamund Pike,
will be released to the general public on February 10.
New York: Tiffany & Co.’s sales could
suffer if China retaliates by boycotting American products in the aftermath of
U.S. President Donald Trump’s protectionist trade policies, Bloomberg reports.
Ramat Gan: Large and unusual stones mined
by Russia's Alrosa promise to be key attractions at the sixth International
Diamond Week in Israel (IDWI) which will be held from February 13 to 16.
Mumbai: India's exports of Gem &
Jewellery for Dec.2016 recorded $3.09 bn showing a growth of 22.38% as compared
to exports worth $ 2.53 bn for the same month year 2015, according to data
released by the Gem & Jewllery Export Promotion Council (GJEPC) of India.
New York: The 6th India Diamond Week
organised by The Gem & Jewellery Export Promotion Council (GJEPC) opens
yesterday with 48 diamond manufacturers displaying their products on the
Trading Floor of the Diamond Dealers Club, New York. The 3½ day event concludes
on Thursday, January 26.
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