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
Supermarket from Tiffany
12 december 2008
According to a publication issued by the National Jeweler Magazine, Tiffany and Co. has unveiled its first store featuring a new retail format. It took one year to implement this concept since its first announcement. The store at Glendale, Calif., National Jeweler says, features jewelry at entry- and mid-level price points, and customers are encouraged to try pieces on, according to a report in Women's Wear Daily. The report also noted that jewelry is openly exhibited on mountings, under glass that is not fully closed off and in drawers that customers can open. Price points range from $80 to $42,000, but average between $200 and $5,000.
Jewelry Sales Growth Exceeds 40%
11 december 2008
Protecting their money from the crisis, Russian people are trying to invest it into what they believe can survive the fall of any currency. Buying some real estate, opening an account with Sberbank and purchasing gold – these are the methods to protect their personal savings mostly trusted in this country, according to the Russian Public Opinion Research Center (VCIOM). If buying real estate to invest one’s money is reasonable only in the segment of elite real property which only the most credit worthy people can afford, gold can be purchased by the widest strata of population. During the last two months, jewelry chain stores registered an unprecedented sales growth reaching from 40% to 70%, unanimously say the jewelry marketers polled by the RBC daily.
Americans Choose Socially Responsible Trademarks
10 december 2008
For several years, the Luxury Institute's impartial research has documented the rise in relevance of Corporate Social Responsibility. Luxury Institute surveys document that wealthy consumers have increased their preference for socially responsible brands from 51 percent in 2006 to 57 percent last year. The Institute says to expect that number to rise dramatically by 2009.
Evaluating ALROSA’s Innovative Activities
09 december 2008
Innovative processes facilitate qualitative changes leading to higher production efficiency which provide for greater competitiveness of an enterprise particularly important in a globalized economic environment. However, the absence of hard-bitten methods for evaluating innovative processes and the qualitative indicators describing them does not permit to speak without bias about the influence of innovations on general economic indicators of an entity being examined. A comprehensive analysis of innovative activities in the diamond-mining industry has been performed on the basis of ZAO AK ALROSA, a key enterprise in the field.
