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Nov- 2015 -3 NovemberTrade Organisations
WFDB announces new ‘strategic direction’
The World Federation of Diamond Bourses (WFDB) has agreed a new strategic direction at its recent meeting in Idar-Oberstein, Germany. In a discussion about how the organisation can increase its global footprint, the WFDB talked about expanding its membership by accepting associate and other members. The WFDB also discussed the…
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3 NovemberEconomy
Falling diamond prices continue in October despite trading uplift
Trading of diamonds improved in October but prices continued to fall, according to the latest figures from Rapaport. The latest RapNet Diamond Index (RAPI) for 1-carat, laboratory graded diamonds fell 1.3% in October as suppliers held on to large polished inventory and dealers tried to buy select goods at deep…
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3 NovemberInternational
Blue fancy colour diamonds in hot demand for Q3
As the diamond industry gears up for its for the holiday season, fancy colour diamond prices are holding steady. According to the Fancy Colour Diamond Index, prices of these diamonds remained stable during the third quarter of 2015, at a time when white diamond prices showed declines of 6 – 10%. The…
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2 NovemberCrime
Man jailed for smash-and-grab jewellery store raid
A man who was part of a moped-riding gang which robbed a jewellery store in Brent, London, with hammers and axes has been jailed for five and a half years. Lookman Shekoni, 24, of Josephine Avenue, Lambeth, had previously pleaded guilty at Harrow Crown Court on Monday, September 28 to…
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2 NovemberAdvice
ADVICE: How bricks-and-mortar retailers can enjoy a bumper Black Friday
Black Friday has evolved from a little-known promotion in the UK to one of the biggest events on the retail calendar in just a few years. However, its exponential growth has not been without challenges. Here, Vicky Brock, CEO of returns intelligence specialist Clear Returns, outlines the potential pitfalls Black Friday…
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2 NovemberCelebrities
Petra Diamonds’ production up but diamond prices slump
Petra Diamonds has reported an increase in production but a fall in diamond prices in its trading update for the period July 1 to October 27. In its first quarter results for 2016, Petra reported no revenues as its first diamond sale of the financial year was not until October…
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Oct- 2015 -30 OctoberCrime
Four rings stolen from Wrexham Goldsmiths
Four rings have been stolen by thieves from a jewellery store in Wrexham, North Wales. The incident, which happened at around 12:30pm on Thursday, October 29 at Goldsmiths in Regent Street, saw one man waited outside the shop while another entered and asked to see some rings. While examining one…
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30 OctoberWatch Focus
Farer launches in UK with explorer-inspired collection
New British watch brand Farer has launched in the UK with an explorer-inspired collection. Each of the watches in the collection is named after a British explorer, selected to define the spirit of the brand, which it said is “daring, courageous, and filled with wanderlust”. The watches, which are designed…
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29 OctoberCurrent Affairs
£1.6bn of jewellery lost in Britain’s sewers
As much as £1.6bn worth of jewellery may have disappeared down Britain’s drains over the years, according to new research from drainage specialist Lanes Group. The YouGov survey of 2,011 adults found that 14% of Britons had personally lost a piece of jewellery to a drain, with an average value…
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29 OctoberCurrent Affairs
RapNet suspends members suspected of falsifying GIA reports
RapNet, the diamond trading network from Rapaport, has suspended 10 members pending further investigations surrounding alleged falsifications of Gemological Institute of America (GIA) reports. RapNet said the members have also been suspended by the GIA for allegedly participating in a scheme that hacked into the GIA’s computer system and upgraded…
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