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
The Chinese Wedding Industry Blooms
05 november 2009
The growth trend in Chinese wedding market is expected to run into the near future, according to diamondworld.net. Weddings are not just the most significant event in the lives of the Chinese, they are also an event that the average Chinese citizen factually spends the most money on. The children of a generation that was only allowed to give birth to one child are reaching the age of marriage, and their parents are looking to hold the most luxurious wedding they can afford.
Outlook Perks Up for Affluent Consumers
03 november 2009
Increased consumer confidence among affluent consumers will not translate into over-exuberant spending sprees; that was the conclusion of Unity Marketing's latest series of surveys, conducted in the second quarter, according to diamonds.net. Unity Marketing's exclusive Luxury Consumption Index (LCI) rose 18.6 points, the largest increase since tracking began. Luxury goods and services spending rose 11 percent in the second quarter from one year ago, according to the results. Survey participants had an average income of $207,800, and an average age of 44.
Antwerp Diamond Bankers Say Market Recovery May Take Two Years
02 november 2009
Diamond traders in Antwerp may have to wait another two years for a recovery made possible in part by two of the industry’s biggest banks, which kept many of the dealers afloat during the recession.
Covering up the fall of TV advertising
30 october 2009
Deloitte released a report concluding that 'TV advertising still has the greatest impact on consumers'. This unexpected finding was derived from survey research conducted in July by YouGov on 2100 British consumers - research which, in the opinion of your humble BSI blogger, is absolute and total crap.
IDEX Online Research: Jewelers - Target Female Self-Purchasers
29 october 2009
Ken Gassman continues to publish on www.idexonline.com his articles explaining to retailers the importance of attracting women who are ready to self-purchase jewelry. The analyst reminds that an ever growing number of American women work outside of the home and now have the discretionary income to buy jewelry for themselves.
