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
Financial Reports of Key Jewelry Companies
26 september 2008
In the first quarter of the new financial year, Richemont’s luxury sales grew by 13 percent at actual exchange rates (or by 20 percent at constant exchange rates) including small growth in sales even in the Americas region.
According to the interim management statement of the Geneva-based company, its Jewelry Maisons group’s (which includes Cartier and Van Cleef & Arpels) sales rose by 16 percent (25 percent at constant exchange rates) to $1.2 billion in 2008 versus $1 billion in 2007.
Employing Internet Technologies
25 september 2008
Total online retail sales (excluding travel) rose 13 percent to $31 billion during the period. The strongest monthly growth for the year, so far, was in April at 15 percent. Online retail sales in May grew 12 percent and in June by mere 11 percent despite the government stimulus checks which were expected to boost consumer spending.
Father’s Day as a Stimulant of Jewelry Sales
24 september 2008
Stainless steel jewelry and watches were selected by 30 percent of respondents (compared with 20 percent last year and 11 percent of expected purchases this year). According to the surveyors, this might indicate that consumers saw a larger selection of stainless steel men’s pieces they liked in stores, or the cost of gold jewelry was just too high.
Asian Factor
23 september 2008
Ashok Minawala, President of the All India Gems & Jewellery Trade Federation (GJF), organizing the festival, expects it will help jewelers to improve sales throughout India by 30 percent compared to the previous year. A greater number of participants are expected this year to the festival backed up by a more significant promotion budged.
Jewelry Summer
22 september 2008
It appears, the season was the main reason behind. Summer reached its second half, which is noted for its vacationing spree infatuating those generating the information flow in the jewelry industry. Besides, a great number of newsbreaks on the Russian and international scale were already covered by mass media earlier.
