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
Burmese Rubies
29 october 2008
Myanmar (former Burma) produces almost 90 percent of the world’s rubies and is a leading international supplier of other gems and jade. The gem industry is controlled by the government, which was repeatedly criticized for bad labor conditions and insufficient control over the environment in the industry yielding a lion’s share of export profit to the military junta.
Financial Reports of Jewelry Companies
28 october 2008
Tiffany & Co.’s strong net sales growth in Asia-Pacific and Europe led to an 11 percent increase in its worldwide net sales in the second quarter 2008 ending July 31 compared to one year ago, IdexOnline reports. Combined with a higher operating margin, this resulted in a 21 percent increase in net earnings and a 31 percent increase in earnings per diluted share.
Christmas Plans
27 october 2008
The Diamond Trading Co. (DTC) reported it would release a “special allocation” of marketing funds to help boost U.S. holiday sales of diamond jewelry for a select group of sightholders. According to DTC spokeswoman Louise Prior, there was a request from sightholders for more marketing support for their retailers during the fourth quarter this year.
Monsoons Induce Demand
24 october 2008
The 2nd Indo-US Jewellery Business Relationship Development Conference was held in Mumbai on September 8-11, 2008. It was organized by the Indian Gem & Jewellery Export Promotion Council (GJEPC), with Rio Tinto as its major sponsor.
Events: Provinces Do Not Succumb to Foreigners
23 october 2008
The annual show JUNWEX MOSCOW 2008 was held on September 2-6 at the Gostiny Dvor Exhibition Arcade.
A number of Russian jewelry companies had been warming up to take part in this event. In August, information and advertising messages released in anticipation of the coming jewelry show occupied a considerable part of the Yvelirnaya Rossiya, an industry news bulletin.
