News
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
Yesterday
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Yesterday
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Yesterday
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Yesterday
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
13 october 2026
Second Hand: Have Watch Makers Missed the Moment?
27 july 2021
(idexonline.com) - Selling second hand watches is big business. And it's about to get a lot bigger. By 2025 the market for pre-owned luxury timepieces could reach $32bn globally. That's more than half the size of the total market for new luxury watches, at $59bn, according to estimates by the annual State of Fashion report by the Business of Fashion website and management consultants McKinsey. Second hand watches are no longer the domain of collectors, bargain hunters and shady dealers. The internet has largely removed traditional barriers to purchase - the fear of fakes, stolen goods, scams and the like.
Signet Makes Inspired Turnaround
26 july 2021
(diamonds.net) - Cutting through the corporate jargon that is typical of its earnings reports and strategic plans, Signet Jewelers — under the leadership of CEO Gina Drosos — has a clear vision of its objectives and the role it plays in the sector. “We want to be — and to lead — the change we want to see in our industry and in the world,” Drosos wrote in the company’s annual report for fiscal 2021, which it published in May. In addition to outlining the jeweler’s performance during the pandemic, this report summarized the success of the retailer’s Path to Brilliance program, which had just ended, as well as the objectives for its follow-up plan: Inspiring Brilliance. More recently, it has complemented this insight with the release of its sustainability goals for 2030, focusing on its love for people, its team, its products and the planet.
Sotheby’s Sells 101 Carat Diamond To Cryptobuyer
23 july 2021
(jckonline.com) - Sotheby’s decision to sell a 101.38 ct. pear-shape D color flawless diamond at a single-lot auction that allowed cryptocurrency was a weird, audacious gamble—that appears to have paid off. On July 9, the diamond, which was given the techy name of the Key 10138, sold for $12.3 million to an anonymous private buyer who paid with cryptocurrency. The Hong Kong sale set a world auction record for any gem or jewelry purchased by digital coinage—which, it should be noted, is so far a pretty limited pool.
Which social media platform is most effective for jewellery businesses?
22 july 2021
It is no secret that social media is an important tool for almost every business in today’s world, and this is no different in the jewellery industry. But which platform performs best for jewellery companies in regards to spreading their message the furthest?
What’s Behind Richemont’s Delvaux Purchase?
21 july 2021
(jingdaily.com) - Swiss luxury conglomerate Richemont will continue to expand its leather goods empire by acquiring the Belgian luxury leather goods house, Delvaux. The Belgian Maison was previously owned by the Hong Kong-based billionaire brothers Victor and William Fung in partnership with Singaporean state investment company Temasek. Delvaux, known by fashion connoisseurs as the oldest luxury leather goods house in the world, is a veritable gem. According to a Richemont press release: “Delvaux was the first to file an official patent for a leather handbag and can thus be called the inventor of the modern luxury handbag.” Richemont believes that through this acquisition, Delvaux will be better positioned for its next stage of development.
