NEWS
New York: Signet Jewelers Ltd, the world's
largest diamond jewelry retailer with around 3,600 stores in the United States,
Canada and the UK, is launching its inaugural Corporate Social Responsibility
Report.
Hong Kong: Hong-Kong based Chow Tai Fook,
reports strong retail sales growth in the fiscal fourth quarter, reversing 12
consecutive quarters (3 years) of same store sales decline in Hong Kong and
Macau, dating back to Q4 2014. The uptick was strongest in Mainland China,
where overall retail sales value increased 16% while same store sales rose 12%.
Overall and same store sales in Hong Kong and Macau rose by 1% and 4%
respectively.
Perth: ‘Chocolate’ diamonds have gained in
popularity in recent years, to the chagrin of many purists. For years some
diamond jewelry companies have been accused of generating a hype about diamonds
traditionally seen as bottom-the-barrel stones, effectively deceiving end
consumers by rebranding brown diamonds as ‘chocolate’. Jezebel and the Daily
Mail have gone so far as to call these jewelers “liars” who are “fooling
women”, claiming the name and marketing of the chocolate diamond is insulting:
“Women won’t be able to resist, because it’s chocolate! Women won’t care that
they’re just brown rocks if we call them chocolate!” Why then are chocolate
diamonds growing in popularity?
Mumbai: The Gem & Jewellery Export
Promotion Council of India (GJEPC) is setting up the Indian Institute of Gem
& Jewellery (IIGJ) at Varanasi in Uttar Pradesh and Udupi in Karnataka to
enhance artisans skills for gem & jewellery sector.
Gaborone: The De Beers Group has scored a
major coup against Diamond Trading Company Botswana (DTCB), rigging the odds
against Botswana as the country prepares to re-negotiate the Diamond Sales
Agreement which lapses in 2020 and reversing achievements of the De Beers
relocation from London to Gaborone.
Toronto: Dominion Diamond Corporation saw a
21% slump in sales during the fiscal year that ended January 31, with
lower-quality production at its two Canada mines leading to reduced revenue.
Nonetheless, it expressed optimism Wednesday about its prospects for the next
three years, as it continued to undergo a strategic review that might result in
the sale of the company.
Mumbai: Now leverage your creativity and
skill to create a distinguished career in the fast-growing gems & jewellery
sector. Indian Institute of Gems & Jewellery (IIGJ) Mumbai, an initiative
of Gem & Jewellery Export Promotion Council of India (GJEPC), now offers
comprehensive and intensive training using state-of-the-art resources
encompassing qualified & trained faculty and equipment, supported by
audio-visual techniques. The minimum eligibility starts from SSC onwards.
Dubai: Major concerns in the global
precious metals industry including technological advances, taxation, and
macroeconomic and shifting geopolitical issues were high on the agenda of the
sixth Dubai Precious Metals Conference (DPMC).
New York: Pandora Jewelry recently
announced a continued partnership with Dress for Success, a global
not-for-profit organisation, to support various programmes towards women
empowerment.
Vicenza: VICENZAORO will host in September,
an international meeting of “Mujeres Brillantes” (Brilliant Women), a group of
about 500 businesswomen operating in the gold and jewellery sector that,
although mainly from Latin America, also come from Turkey, Russia, Italy,
Romania and Israel.
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