NEWS

Forevermark Holiday Sales Outperform Rest of Trade

Forevermark Holiday Sales Outperform Rest of Trade

New York: Forevermark diamond sales in the U.S. jumped 6.4 percent during the holiday season as product launches and focused marketing campaigns paid off, De Beers chief executive officer Bruce Cleaver said.
 

De Beers' Auction to Pilot Fixed-Price Forward Contracts

De Beers' Auction to Pilot Fixed-Price Forward Contracts

Gaborone: The De Beers Group of Companies yesterday announced that its Auction Sales business is to begin piloting fixed-price forward contracts. These contracts will offer the opportunity for Auction Sales customers to guarantee access to future supply with certainty over the price to be paid when the contract reaches maturity.


India’s Export of Gold Bars Surges

India’s Export of Gold Bars Surges

Mumbai: India’s Gem and Jewellery Export Promotion Council (GJEPC) has released the details of imports and exports of raw materials for gems and jewellery for the month of December last year.


Diamcor Affected by India’s Demonetization

Diamcor Affected by India’s Demonetization

Kelowna (Canada): Diamcor reported weaker prices at its fiscal third-quarter tenders as India’s demonetization policy that sapped liquidity from the market hit the miner’s sales.


Integrity of Jewellery Supply Chain to be Focused at VICENZAORO Seminar

Integrity of Jewellery Supply Chain to be Focused at VICENZAORO Seminar

Milan: The requirement that all jewellery components be shown to have been responsibly and ethically sourced, handled and traded has become a central tenet of the luxury markets in the 21st Century, and it has led to the development of a service sector that provides the means and methods of ensuring the integrity of the supply chain. Compliance with accepted codes of practice is increasingly becoming a condition for doing business with some of the largest companies in the business.



Diamond Prices to be Flat this Year: ALROSA

Diamond Prices to be Flat this Year: ALROSA

Moscow: Alrosa's CEO Andrey Zharkov believes that diamond prices will be flat this year, according to an Interfax news agency report.


Diavik Mine to Increase Output by 14%

Diavik Mine to Increase Output by 14%

Toronto: Dominion Diamond Corporation forecast production at the Diavik mine in Canada will increase by up to 14 percent this year after output rose in 2016.

The miner projected rough-diamond recovery of 7.1 million to 7.6 million carats in 2017, with all mining taking place underground. Production increased 4 percent to 6.7 million carats in 2016, but was below the company's forecast due to wasted ore resulting from granite dropping off the walls of the open pit.


KSS Opens ‘Cherishgold’ & ‘BJewelz’ Store in Mumbai

KSS Opens ‘Cherishgold’ & ‘BJewelz’ Store in Mumbai

Mumbai: KSS Limited, a brand synonymous with quality and consumer satisfaction, opened its first co-branded Cherishgold and BJewelz store in Mumbai yesterday. The store at Goregaon is the first-of-its-kind retail and online co-branded store by KSS Limited in India. Birla Jewels Ltd, a wholly owned subsidiary of KSS Limited that is listed on BSE and NSE is all set to revive the jewellery buying experience in the country, with its unique offline and online store format.


Demonetization to Help in Long Run

Demonetization to Help in Long Run

Mumbai: The jewellery industry, which suffered and saw about 80 per cent drop in demand following the demonetisation, is slowly recovering, although it may take over a year for things to become normal, market experts said. “After Prime Minister Narendra Modi announced the demonetisation move on November 8, 2016, there was a liquidity squeeze in the market and the demand for jewellery went down by around 80 per cent. However, after December 31, things are recovering and we have seen 30-40 per cent improvement in demand,” the newly-elected All India Gems and Jewellery Trade Federation (GJF) Chairman Nitin Khandelwal said.


India’s G&J Exports Expected to Increase 15%

India’s G&J Exports Expected to Increase 15%

Mumbai: Despite demonetisation in India, the Gems and Jewellery Export Promotion Council (GJEPC), apex body of diamond industry, is expecting that the polished diamond exports will increase by 10-15 per cent to the United States under the presidency of Donald Trump.


Showing 2531 to 2540 of 2782 (279 Pages)