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
Jewelry & Diamonds Online
21 october 2009
According to a report in Internet Retailer, online marketing of jewelry and diamonds by Channel Intelligence pays off. The company claims that second quarter return on advertising costs increased in comparison to return on the first quarter. Among three categories that experienced such better returns, jewelry retailers showed the largest increase, with 78% superior return on advertising costs. Jewelry retailers reported an increase of 28% in sales compared to the first quarter, and the volume of orders went up by 20%, according to Channel Intelligence.
Leaders of Jewelry Market: First Half of the Distance
20 october 2009
Bulgari noted that sales in directly owned stores recorded "a definitely stronger performance" than the wholesale channel, with sales in the former increasing 3.3 percent at current exchange rates compared to the same period the previous year. Richemont’s chairman said that the company would wait until it sees some evidence of a broader economic recovery before speculating on the likelihood of a better second fiscal half, “particularly when it comes to the wholesale business.” In its outlook, Tiffany said for the full year the company expects a worldwide sales decline of approximately 10 percent.
Diamond Giant De Beers Launches New Marketing Concept Prior to Holiday Season
19 october 2009
Although De Beers does not release sales results of its retail joint venture with LVMH, the company will certainly be in the limelight of jewelry industry mass media in the months ahead due to the coming Christmas season when it is usually expected to confirm its leading position in the diamond business.
Beijing welcomes Cartier's treasures
16 october 2009
Cartier reckons that within a few years its biggest market will be China. No surprise, then, that the French luxury jeweller chose Beijing’s Forbidden City to stage a lavish exhibition of pieces from its archives.
Demand for certificates rises in line with market recovery
15 october 2009
Just as rising rough diamond prices since around May have indicated a degree of recovery in the diamond trade, so the growth in demand for certificates has offered an insight into the state of the market. Major labs are reporting a rise in demand for grading reports, indicating that sales are, indeed, rising.
