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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Yesterday
New Values
19 january 2009
The global financial crisis, provoked by the U.S. economy, sparked off a discussion, which may imply a new vision of moral values able to have an impact on the luxury industry. The tone of this discussion was set ten days ago in France by President Nicolas Sarkozy at a conference with German Chancellor Angela Merkel and former British Prime Minister Tony Blair on the future of capitalism.
Jewelry Ethics
16 january 2009
Gold is one of the biggest polluters on the planet. One gold wedding ring alone generates 20 metric tons of mine waste. Some opencast mines are so huge you can see the craters from outer space. Others use several tons of cyanide per day. Consumers are only now catching on, but thanks to films such as Blood Diamond, they are starting to ask questions.
Jewelry Exhibitions in Russia
15 january 2009
Several prominent jewelry exhibitions were held in Russia last November and December. Their coverage in the press was different, as well as their aims and results. The crisis theme served as a certain background for these events and for those scheduled to happen. The jewelry shows which took place in Kostroma, Rostov-on-Don and Perm were among the most highlighted by mass media.
Financial Reporting of Jewelry Companies
14 january 2009
Swiss luxury goods group Richemont, announced a 10 percent rise in sales in the first half of the year to €2.8 billion. Tiffany & Co.'s worldwide revenues declined 1 percent to $618.23 million in the third quarter. Harry Winston retail sales rose 7.7 percent to $57.9 million in the third quarter of fiscal year 2009.
Russia – Oasis of Luxury
13 january 2009
Observers are inclined to think that unlike the previous hard-felt crises (in the 1970s and early 1980s) the industry may avoid a significant slump turning to the new markets, which before were just non-existent on the global luxury map. First of all, this is China and then Russia and India.
