Mountain Province diamond sale totals £20.3m

Mountain Province Diamonds has announced that its latest diamond sale, which closed 22 January 2021, sold 241,827 carats for total proceeds of $27.8m (£20.3m), resulting in an average value of $115 (£84) per carat. Mountain Province Diamonds is a 49% participant with De Beers Group in the Gahcho Kué diamond…

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Forum Jewellers to offer free Valentine’s proposal ring

Forum Jewellers has launched a free proposal ring campaign to celebrate this year’s Valentine’s Day. The retailer is offering customers a free proposal ring to commemorate the romantic holiday in order to help develop its relationship with customers during the pandemic. Customers must sign-up on the CMJ member’s website, with…

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HB Antwerp hires Eco-Age for sustainability strategy

HB Antwerp has appointed Eco-Age, sustainability and communications agency, as its retained agency for 2021 to manage strategic partnerships and communications for the business. Established in 2020, HB Antwerp specialises in the procurement of high value rough diamonds and has set up “exclusive partnerships” with some of the world’s leading…

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Lucapa revenue drops 42% in Q4

Lucapa Diamond Company has seen its revenue drop significantly in the fourth quarter as the miner delayed sales while it negotiated a partnership with manufacturer Safdico. Overall, revenue for the year fell by 42% to $32.1m (£23.4m). Sales from Lulo fell 32% year on year to $6.6m (£4.6m) for the…

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Alrosa posts strong recovery due to holiday sales

Alrosa has reported a sharp increase in sales in the fourth quarter of 2020 due to strong demand during the holiday season. The company announced that revenue from rough diamonds has increased by 29% year-on-year to $1.14bn (£834bn) as a release of pent-up demand allowed the Russian miner to sell…

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Retail sales fall to lowest ever annual level

The retail sector has suffered its largest annual fall since records began, with total sales down 1.9% against the year prior, as restrictions on non-essential retail continued to impact the sector as a whole.  This was the biggest decline since records began in 1997, according to the ONS. After declines…

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CMJ appoints two new board members

The Company of Master Jewellers (CMJ) has appointed two new board members to replace members who have retired. Peter Simpkins of Simpkins Jewellers became a new retailer board director on 1 January 2021, replacing Jason Allum of Allum and Sidaway who had served on the CJM for eight years. Judith…

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Lilienthal Berlin launches new meteorite watch collection

Lilienthal Berlin has released a new limited edition series,“The Infinite Freedom of the Universe” which features real pieces of meteorite in the centre of the dial for a starting price of €1,199 (£1,059). Together with the case made from “high quality” titanium, a scratch-resistant glass case back, Superluminova-coated hands and…

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Petra Diamonds revenue slides 8%

Petra Diamonds saw revenue fall by 8% to $178.1m (£130m) in the first half of 2020, down from $193.9m (£) the previous year, attributed to the continuous impact of Covid-19. The group sold 1,712,797 carats in 2020, which was marginally less than in 2019, when 1,743,807 carats sold. In 2020,…

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Goldsmiths’ Company hires new head for 2021 fair

The Goldsmiths’ Company has appointed Matthew Burgess to be the new head of its 2021 fair, covering for Harriet Scott who is on maternity leave. Burgess, a digital engagement and arts professional, has previously worked with leading Mayfair galleries, artists and museums in the UK, as well as around the…

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