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
The “Swiss Made” Designation Can Lead to a 50 Percent Increase in Value for Luxury Goods
07 april 2021
(thefashionlaw.com) - What do Rolex, Cartier, Breitling, Audemars Piguet, Jaeger-LeCoultre, Chopard, and Patek Phillipe, for instance, have in common? Their watches benefit from a certain status and an esteemed geographic indication that comes with being Swiss made. After all, “It is no secret that Swiss products and services enjoy a great reputation both at home and abroad,” according to Swiss trademark attorney Milana Pantelic, who notes that the “Swiss made” reputation centers on “high quality, tradition, precision, luxury, high technology, innovation and reliability.” That reputation and the goodwill associated with the “Swiss made” designation is derived, in large part, from the aforementioned watchmakers’ (and others’) enduring investment in “quality, tradition and durability,” Deloitte stated in its Swiss Watch Industry Study last year, with “the time-honored quality and tradition of Swiss watchmaking maintaining its importance” over decades (and even centuries in some cases), both from an initial point of sale perspective, and increasingly, in the pre-owned market, thereby, translating to striking demand and increasingly expensive price tags.
Why No Other Luxury Company Compares To LVMH
06 april 2021
() - Most people are astonished by the size and dynamics of the luxury market. Intuitively, they assume luxury is a niche business — even people who work for luxury brands. But what many underestimate is a luxury brand’s enormous value creation potential. This year marks a historic moment for the luxury industry. All brands are hoping for better performances than last year and a speedy recovery for the European and North American luxury markets. Both regions fared poorly during the pandemic, with some categories losing 50 percent or more of their market in these areas that many of the world’s most admired luxury brands call home. With the pandemic still raging across the first quarter of 2021, and most key European markets in strict lockdowns, the news that LVMH just became Europe’s most valuable company might be surprising. According to data analyzed by Finaria, the French luxury house reached a staggering $319.4 billion (264.6 billion euros) as of February 26, 2021, surpassing Nestlé, the Swiss food giant. What’s driving this all-time-high valuation is how the luxury group used 2020 better than other luxury houses and put itself in the pole position for when the markets come back. In short, their strategy execution is a masterpiece of extreme value creation from which other brands can learn. Key Takeaways: 1) According to data analyzed by Finaria, the French luxury house LVMH reached a staggering $319.4 billion (264.6 billion euros) as of February 26, 2021, surpassing Nestlé, the Swiss food giant, to become Europe’s most valuable company. 2) Added luxury value is a component resulting from psychological effects that make our brains attribute positive aspects (such as higher attractiveness, more expertise, a better life, and more self-esteem) to a person who buys or showcases a luxury item or brand. 3) Brands with powerful stories that create desire via ALV can add significant premiums due to the rare value they produce.
Angola’s diamond sector on a strong footing
05 april 2021
(miningreview.com) - Angola may be the world’s fifth-largest producer of diamonds but the sector is a far cry from reaching its true potential. Currently, only 40% of the country’s known diamond resources are being mined and recovered. Hurdles to development and foreign investment in the past have been mainly as a result of regulatory policies and a weak legislation. However, AHMED ABDEL-HAKAM, senior associate of Eversheds Sutherland in the UK believes that the right policies are now in place to steer the country’s diamond sector in the right direction. Gerard Peter reports.
GIA Backlog Raising Concerns for Manufacturers
02 april 2021
(diamonds.net) - Customers of the Gemological Institute of America (GIA) are experiencing severe delays to grading submissions, creating worries about inventory management, Rapaport News has learned. A sharp increase in rough buying since December has led to heightened demand for grading reports, while lower capacity because of Covid-19 restrictions has placed extra pressure on the GIA. The turnaround time in some markets is currently up to 25 days, compared with the usual period of around seven days, diamond manufacturers reported this week.
How to Market Across Generations
01 april 2021
(diamonds.net) - Many jewelers rely on “tried and true” methods of advertising, blasting consumers with the ideal of a happy couple: A man spots a gorgeous woman across the room and can’t take his eyes off her; their love grows, and he proposes with a beautiful, sparkling engagement ring. The idea behind this is to suggest that you, too, can have the romantic fairy tale if you shop with that jeweler. And for many in the target market — women — this is a story that sells. While such generation-neutral marketing may strike a chord with some shoppers, it doesn’t always sit well with those who want to see brands representing them and their needs.
