Nagaland collection from famed artists sells for over £40k at auction

A collection of jewellery from the Nagaland region of Northern India has fetched over £40,000 at auction. The collection included a large Naga woman’s necklace which sold for five times its estimate, achieving £8,820 against an estimate of £1,500-£2,000. The necklace itself includes graduated carnelian beads, bone spacers and brass…

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De Beers revenues plummet 23% in FY24

De Beers has reported a 23% reduction in total revenues to $3.3bn (£2.61bn) year-on-year, primarily due to a 25% reduction in rough diamond sales to $2.7 billion (£2.13bn). The consequential impact of lower sales volumes, a lower average price index and higher unit costs resulted in an underlying EBITDA of…

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UK consumer confidence drops to new low in February

UK consumer confidence slipped to a new low of -37 in February, amid the worsening state of the economy. According to the latest BRC-Opinium Consumer Sentiment Monitor, the economy worsened for the fifth consecutive month, down from -34 in January. The BRC reported that even Gen Z, despite being the…

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Hallmarking falls 18.8% in January

The total number of items hallmarked by the four UK Assay Offices dropped 18.8% in January. In total 5,02,620 pieces of jewellery were hallmarked in January 2025 compared with 6,18,881 in 2024, a decline of 1,16,221. Gold hallmarking increased 1.3% from 2,37,136 pieces hallmarked up to 2,40,110. However, gold 990…

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Pomellato welcomes new global ambassador

Pomellato has revealed that it has welcomed French-Italian actress Philippine Leroy-Beaulieu as its newest global ambassador. Leroy-Beaulieu has a career spanning four decades and received a César Award nomination for “Three Men and a Cradle” as well as an acclaimed performance in “The Crown”. She is perhaps best known globally…

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Céline Assimon steps down as De Beers CEO

De Beers CEO Céline Assimon has stepped down from her role after nearly five years. Assimon joined De Beers in September 2020 and succeeded former CEO François Delage. A year later,she was appointed as the head of both De Beers Jewellers and De Beers Forevermark. Prior to joining De Beers,…

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Atelier VM confirms Tota Pulchra relaunch

Atelier VM has announced the relaunch of its latest customisable jewellery piece, Tota Pulchra. First unveiled in 2019, the 9kt gold Tota Pulchra bracelet is returning with Atelier VM’s new customisable approach. The piece is customised using lamination and laser engraving and includes a Grumetta chain as a brace. Atelier…

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Giovanni Raspini launches four new ranges as part of SS25 collection

Giovanni Raspini has launched its new Spring-Summer 2025 collection, which features four new ranges: Animalier, Blade Colour, Selene, and Daisy Pearl. The Animalier collection is inspired by nature and features motifs from the animal kingdom, including crocodile, leopard, lion, chameleon and elephant. The collection includes 16 pieces: seven rings, two…

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Average diamond price rose 2.7% in 2024

The average price of a diamond rose 2.7% to $2,360 (£1872) in 2024, according to data from the Natural Diamond Council (NDC). Furthermore, overall jewellery sales across all product segments grew 5.2% in 2024. Round diamonds still accounted for 82% of centre stones, oval cuts featured in 165 of engagement…

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Richard Duffy steps down as Petra Diamonds CEO

Petra Diamonds has announced that Richard Duffy has resigned as CEO and director of the company by mutual agreement and with immediate effect. Vivek Gadodia and Juan Kemp have been appointed as joint interim chief executive officers. Gadodia will have responsibility for all group corporate matters and Kemp will have…

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