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.
Today
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.
Today
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.
Today
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.
Today
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Today
Cushion Cuts a Sleeper Hit in Bridal
16 december 2009
At Greenwich Jewelers in New York City, the current diamond cut of choice among the many well-heeled professionals who choose the 33-year-old lower Manhattan haunt for their engagement ring shopping might surprise: It's the cushion.
Italian Jewellers Trying to Conquer America
15 december 2009
It's been a trying year for the Italian jewelry industry, where unfavorable exchange rates and fickle gold prices have thrown cold water on efforts to maintain the heat in the intercontinental love affair between Italy and U.S. jewelers. But Italians have a new champion for their products in Carlo Angelo Bocchi, the newly appointed trade commissioner of the Italian Trade Commission (ITC), who after taking the helm at the ITC's U.S. office in Los Angeles has been energetically attending trade shows and looking for fresh partnerships with U.S. retailers ever since.
Harry Winston's 3Q Revenues -50%
14 december 2009
Harry Winston Diamond Corporation reported a 50 percent decline in revenues to $74.83 million for its third quarter of fiscal 2010, which ended on October 31, 2009, according to www.diamonds.net. The retailer recorded a loss of $214,000 for the quarter, compared with profits of $71.9 million one year ago. Harry Winston reported a net foreign exchange gain of $1.6 million for the quarter, down from a gain of $49 million for the third quarter of fiscal 2009.
IDEX Online Research: The Jewelry Industry, a Long History
11 december 2009
Jewelry is not a fad product. Archeologists have solid proof that it has been around for at least 50 millennia – and some would now argue that jewelry has been around for at least 100,000 years.
Consumer Spending on Luxury Rose Sharply in Third Quarter – Unity Marketing
10 december 2009
According to new data, affluent consumers spent more in the third quarter of 2009 than they did in the second quarter. However, it is important to note that there is a dramatic difference in attitude toward luxury between ultra-affluent consumers with the highest household incomes and affluents with a lower income level. These new findings further confirm that the post-recession luxury market will be quite different from its predecessor.
