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
Technology bypasses jewelry, but what if it didn't?
25 november 2009
"I am always looking through jewelry journals and catalogs, and the breathtaking beauty and creativity of the designers and manufacturers whose pieces are displayed in the photographs frequently overwhelms me," says Jan Brassem in his article posted on the website of the National Jeweler Magazine. "Yet when I shop in department stores and most retail chains, the styling of the jewelry seems - to me, anyway - more basic and classic."
Corks Again Pop to the Sound of Ringing Registers
24 november 2009
Evening Standard: Big spending is back in fashion as London's shoppers shrug off "bank crash" guilt and start splashing out in the approach to Christmas. West End stores say they have been astonished by the sudden return of conspicuous consumption. Sally Scott, marketing director for Selfridges, said customer confidence has bounced back, peaking in the past few weeks.
Jewelers Must Innovate to Build Sales
23 november 2009
The U.S. Census Department just released its advanced monthly report on retail sales for August 2009 and the news is particularly grim for jewelers and jewelry marketers. Going into the vital fourth-quarter holiday shopping season, U.S. jewelry retailers are facing year-to-date declines of 11.6 percent, according to the Monthly Retail Trade Survey.
EU backs U.S. in seeking coral protection
20 november 2009
The European Union (EU) has agreed with a U.S. initiative to seek international trade protection for red and pink coral, which is used in fine jewelry as well as home decor and has been the subject of a campaign by conservation groups that believe over-harvesting has imperiled the slow-growing species.
Mixed Reactions to Hong Kong Show
19 november 2009
If sales at the Hong Kong Jewellery & Gem Fair reflect the current state of the global economy, then full recovery is still ahead of us, the U.S. market is still hurting, and in China business is slower yet clearly pulling ahead. Almost all exhibitors at the show reported a decreased level of sales, and expressed a certain amount of discontent with the show.
