In May 2008, the Supreme Court of California gave permission for same-sex marriages. As it turned out, this may promise new opportunities for the jewelry industry.
At first sight, the number of same-sex couples eager to tie the knot is not that great to seriously influence the financial state of jewelers. However, a survey by the Los-Angeles-based California University published in June showed that about one half of 102 600 same-sex couples living in that state consider a marriage. The surveyors established that same-sex weddings in the nearest three years would bring over $680 million to California’s economy.
A significant part of that money will settle in the pockets of California’s jewelers. Some of them start not only busily attracting new clients, but contemplating off-beat design solutions for engagement and wedding rings. For instance, the Libertine boutique in Indian Wells offers such clients jewelry pieces featuring rainbow color sapphires symbolizing, as is known, the LGBT movement.
News
De Beers transfers initial BWP 1 billion contribution to Botswana’s Diamonds for Development Fund
De Beers has transferred its initial BWP 1 billion ($73 million) contribution to the Diamonds for Development Fund, marking a major milestone for the initiative designed to support Botswana’s long-term economic diversification.
Yesterday
Valterra Platinum's refined PGM output falls 41%, sales decline 27%
Valterra Platinum's refined platinum group metal (PGM) production decreased by 41% to 576,900 ounces for the third quarter ending 30 September 2026.
Yesterday
Swiss watch exports rise 11.7% in September, driven by sharp U.S. shipments increase
In September, the value of Swiss watch exports grew by 11.7% compared to the same period last year, reaching 2.226 billion Swiss francs ($2.74 billion). This marks the fourth consecutive month of growth.
Yesterday
New $1.8bn copper smelter under construction in Kazakhstan
Construction of the Aktogay copper smelter has begun in the Abai Region of eastern Kazakhstan. The $1.8 billion project is being implemented by the KAZ Minerals group.
Yesterday
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Yesterday
