Industry News | Jewellery Focus

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Apr- 2016 -

4 April

Auctions

Tom Davis

Bonhams to auction jewels owned by an Indian royal family

A collection of jewels owned by an Indian royal family is set to go under the hammer, with the top piece set to sell for up to £70,000. The collection, which will be auctioned by Bonhams at its Indian and Islamic sale in Bond Street on 19 April, is owned…
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4 April

Trade Organisations

Tom Davis

NAJ presents honorary membership to Retail Jewellers of Ireland

The National Association of Jewellers (NAJ) has presented an honorary membership to the Retail Jewellers of Ireland (RJI). The membership was presented to the association in recognition of the “close relationship” between the British and Irish jewellery industries. The NAJ said it had “enjoyed a very cooperative working relationship especially…
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1 April

Current Affairs

Michael Northcott

Bizarre ‘talking diamond’ alarms miners

A rough diamond with bizarre auditory qualities has been uncovered in a mine in Botswana. The 4.23-carat gemstone, which was found by miners working in Jwaneng diamond mine last night, reportedly began issuing a ‘gargling’ sound shortly after it was dusted off. It is thought the type IIa D-colour stone…
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Mar- 2016 -

31 March

Current Affairs

Tom Davis

GIA predicts more synthetic diamonds to be introduced to the industry

Research published by the Gemological Institute of America (GIA) has predicted a “significant” rise in the number of high-pressure, high-temperature (HPHT) synthetic diamonds to enter the market. The announcement follows a visit in early March 2016, where researchers visited a diamond factory in China and obtained 50 crystals ranging from…
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31 March

International

Michael Northcott

RJC to consider adding coloured stones to remit

The Responsible Jewellery Council (RJC) has announced it is considering adding coloured gemstones to its purview. The body announced at Baswelworld that it has embarked on “a major new area of work on coloured gemstones and their potential inclusion into RJC’s material scope” which currently includes diamonds, gold and platinum…
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31 March

Auctions

Tom Davis

Largest ever fancy vivid blue diamond could fetch £31.4m

Christie’s has announced the ‘Oppenheimer Blue’ is to go under the hammer, the largest fancy vivid blue diamond ever offered at auction. Weighing 14.62 carats, the stone will lead Christie’s auction of ‘Magnificent Jewels’ held at held at the Four Seasons Hotel des Bergues in Geneva, on 18 May. The…
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30 March

Crime

Tom Davis

Diamond firm ordered into liquidation after £1.2m scam

A london diamond broker targeting “vulnerable” investors and mis-selling them fancy coloured diamonds has been ordered into liquidation by the High Court. The company, which the High Court said was mis-selling investors fancy coloured diamonds at inflated prices, was ordered into liquidation following a petition presented by the Secretary of…
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29 March

Retailers

Tom Davis

boutique.Goldsmiths stocks five new brands

boutique.Goldsmiths has announced it has stocked five new brands as part of its Spring Summer 2016 (SS16) collection. The retailer, which is owned by Aurum Holdings, said jewellery brands Chrysalis, Chlobo, Daisy London, Virtue London and Nordahl were launched across the company’s stores and online nationwide on 21 March. The…
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24 March

Retailers

Tom Davis

Signet reports “excellent” full-year results

Jewellery giant Signet Jewelers has reported an “excellent” full year in its latest results for the 52 weeks ending 30 January, 2016. Same-store sales across the year were up 4.1% with annual total sales of $6.55bn (£4.63bn) – an increase on the previous year of 14.2%. The results were boosted…
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24 March

Current Affairs

Tom Davis

Petra Diamonds sells ‘exceptional pink’ diamond for £10.7m

Petra Diamonds has announced the sale of an ‘exceptional pink’ diamond for $15m (£10.7m). The diamond, which was recovered from the firm’s Williamson mine in Tanzania and weighs 32.33-carats, was purchased by Golden Yellow Diamonds on behalf of M.A. Anavi Diamond Group, a leading diamond manufacturer and specialist in large…
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