London Diamond Bourse launches Women’s Network

The London Diamond Bourse (LDB) has announced the launch of its new Women’s Network. The Women’s Network is an initiative aimed at empowering and supporting the women who shape the diamond and jewellery industry. The inaugural event ‘Coffee and Diamonds’ took place at the LDB in December, hosting the women…

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UK hallmarking falls 3.3% in 2024

The total number of items hallmarked by the four UK Assay Offices dropped 3.3% in 2024. In total 7,763,014 pieces of jewellery were hallmarked in 2024 compared with 8,031,340 in 2023, a decline of 268,326. Gold hallmarking dropped 1.8% from 3,521,940 pieces hallmarked down to 3,457,909. However, gold 999 saw…

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HS Walsh and Sons awarded Royal Warrant

HS Walsh and Sons, a supplier of horological tools and equipment, has been awarded a Royal Warrant. The business was first granted a Royal Warrant from Queen Elizabeth II in 2016 which was renewed in 2021. With the ascendance of King Charles III the company sought to obtain his appointment…

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Ramsdens sees profits and revenues surge in FY24

Ramsdens has reported a profit before tax of £11.4m, up 12%, and revenues of £95.6m, up 14%, for the year ended 30 September 2024. The group stated that record profit was driven by growth across all four key income streams. Its gross profit also increased 13% from £45.8m to £51.5m.…

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Chisholm Hunter profits plummet to £2.63m

Chisholm Hunter has revealed that its profit before tax dropped from £5.35m to £2.63m for the year ended 31 March 2024. The group’s turnover also slightly dipped from £57.91m to £57.884m in the face of a competitive marketplace. Its gross profit also fell from £10.38m to £9.95m. However, looking ahead,…

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Dior presents Gem Dior collection

Dior has announced the launch of its latest collection, the Gem Dior collection. The collection is “enriched by unprecedented models”, such as earrings in yellow, rose or white gold. The collection also includes a bracelet sublimated by a gradation of sapphires and spessartite garnets. The collection has been designed as…

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Diamond market remains stable but cautious in 2025

The diamond market was stable in December, with holiday sales matching the industry’s modest expectations, according to Rapaport’s RapNet Diamond Index. However, the diamond trade entered 2025 with caution due to the sluggish consumer demand in the US and competition from the synthetics market. Rapaport reduced prices on the Rapaport…

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Zambia re-introduces 15% export duty on emeralds

The government of Zambia has re-introduced a 15% export duty on all emeralds effective 1 January 2025. The move revokes a suspension that had been in place since 2020 and directly impacts the world’s largest emerald producer Kagem Mining Limited. Kagem is 75% owned by Gemfields and 25% owned by…

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Mikimoto launches new Snake brooch to celebrate Lunar New Year

Mikimoto has launched a new Snake brooch in celebration of the forthcoming Lunar New Year. Drawing inspiration from traditional Chinese beliefs, the brooch blends cultural symbolising with contemporary designs. Set in 18K yellow gold, the snake, which features a little spinel eye, slithers along the platinum branch decorated with an…

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Hamilton and Inches profits fall despite turnover increase

Hamilton and Inches has revealed that its profit before tax fell to £875,787, down from £1.32m, for the year ended 30 March 2024. This fall in profits came despite the company posting a turnover of £11.6m, the second highest year of sales in company history. The company made investments across…

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