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  • Sep- 2015 -
    22 September
    InternationalGlobal diamond jewellery demand grew 3% in 2014
    Tom Davis

    Global diamond jewellery demand grew 3% in 2014

    Global diamond jewellery demand grew 3% in 2014 to exceed $80bn (£51bn) for the first time, according to De Beers. The Diamond Insight Report said this is the fifth consecutive year of growth since the global recession, while global rough diamond production rose 6% to $19bn (£12bn). Consumer demand in…

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  • 22 September
    E-CommerceEntrepreneur pays record £600k for ‘Gold.co.uk’ domain name
    Tom Davis

    Entrepreneur pays record £600k for ‘Gold.co.uk’ domain name

    A British entrepreneur has paid £600,000 for a web domain name – the largest sum ever spent in the UK. ‘Gold.co.uk’ was bought by British online bullion dealer BullionByPost, founded by Rob Halliday-Stein, and will offer investors a range of physical gold, silver bars and coins along with insured delivery…

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  • 22 September
    EconomyErnie Blom: ‘Trade can feel positive’ ahead of holiday season
    Michael Northcott

    Ernie Blom: ‘Trade can feel positive’ ahead of holiday season

    World Federation of Diamond Bourses (WFDB) president Ernie Blom believes the global diamond trade “can be positive” ahead of the upcoming holiday sales. Blom said that initial indications from the September Hong Kong Gems and Jewellery Fair were that it had been “solid”. Meanwhile, price cuts by De Beers and…

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  • 22 September
    RetailersOgden of Harrogate opens third store
    Tom Davis

    Ogden of Harrogate opens third store

    Independent jewellers Ogden of Harrogate has opened its third store in the centre of York. The new premises, which follows the launch of the company’s Little Diamond Shop in 2010, is located on the corner of Stonegate and Petergate and has housed a jewellery shop since the late 1980s but…

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  • 21 September
    Auctions
    Sotheby’s to auction rare 12ct ‘Blue Moon’ diamond
    Tom Davis

    Sotheby’s to auction rare 12ct ‘Blue Moon’ diamond

    Auction house Sotheby’s Geneva is set to auction the rare ‘Blue Moon’ diamond with an estimated value of $35-55m (£22.6m-£35.4m). The diamond is the centrepiece of the ‘Magnificent Jewels’ auction and Noble Jewels in Geneva on November 11. It weighs 12.03 carats and has been graded ‘fancy vivid blue’, the…

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  • 21 September
    AppointmentsBonhams appoints new international jewellery director
    Tom Davis

    Bonhams appoints new international jewellery director

    Auction house Bonhams has appointed of Daniel Struyf as its international jewellery director.  Struyf’s role will see him working directly with Bonhams’ global CEO and global head of jewellery, Matthew Girling, with one of his key tasks to further expand the company’s market share in the jewellery sector. He will…

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  • 18 September
    InternationalPetra Diamonds revenue drops 10% in full year results
    Michael Northcott

    Petra Diamonds revenue drops 10% in full year results

    Petra Diamonds has announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (£271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was down a more considerable 33% to $62.8m (£40.2m). The firm put the decreases down to the reliance of its underground mines on…

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  • 17 September
    EconomyHallmarking dips 12.4% in August
    Michael Northcott

    Hallmarking dips 12.4% in August

    Hallmarking figures have dipped for the second consecutive month, down 12.4% in August compared with the same period the previous year. Platinum and palladium enjoyed 3.1% and 14.9% rises respectively, but the much larger categories of gold and silver dropped 8.5% and 17% respectively. In July, the total number of…

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  • 16 September
    Current AffairsUS high schools to run jewellery sales courses
    Michael Northcott

    US high schools to run jewellery sales courses

    The Diamond Council of America’s Beginning and Advanced Jewelry Sales courses have been approved by the Louisiana Department of Education for use in the state’s high schools. The move means Louisiana students will be able to choose jewellery sales as a formal study area and gain knowledge and skills for jewellery retail.…

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  • 16 September
    InternationalRichemont Group posts 4% sales rise
    Michael Northcott

    Richemont Group posts 4% sales rise

    Richemont has announced its sales for the five months ended 31 August 2015 increased by 4 % at constant exchange rates. Ahead of its Annual General Meeting held today in Geneva, Richemont announced that at actual exchange rates, sales rose by 16%, positively affected by the weakening of the euro against the…

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