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  • Sep- 2015 -
    21 September
    Auctions
    Sotheby’s to auction rare 12ct โ€˜Blue Moonโ€™ diamond

    Sotheby’s to auction rare 12ct โ€˜Blue Moonโ€™ diamond

    Auction house Sothebyโ€™s Geneva is set to auction the rare โ€˜Blue Moonโ€™ diamond with an estimated value of $35-55m (ยฃ22.6m-ยฃ35.4m). The diamond is the centrepiece of the โ€˜Magnificent Jewelsโ€™ auction and Noble Jewels in Geneva on November 11. It weighs 12.03 carats and has been graded โ€˜fancy vivid blueโ€™, the…

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  • 21 September
    AppointmentsBonhams appoints new international jewellery director

    Bonhams appoints new international jewellery director

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

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

    Petra Diamonds revenue drops 10% in full year results

    Petra Diamondsย hasย announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (ยฃ271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was downย a more considerableย 33% to $62.8m (ยฃ40.2m). The firm put the decreases down toย theย reliance of itsย underground mines on…

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  • 17 September
    EconomyHallmarking dips 12.4% in August

    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

    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 meansย Louisiana students will be able to choose jewellery sales as a formal study area and gainย knowledge and skills for jewellery retail.…

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  • 16 September
    InternationalRichemont Group posts 4% sales rise

    Richemont Group posts 4% sales rise

    Richemont has announced its sales for the five months ended 31 August 2015 increased by 4ย % 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 affectedย by the weakening of the euro against the…

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  • 15 September
    International357-carat white diamond sold for $19.3m

    357-carat white diamond sold for $19.3m

    British global diamond mining business, Gem Diamonds Limited, has announced that an exceptional 357-carat white diamond hasย been sold $19.3 million. The diamond, which was recovered from the Letลกeng mine in July this year, went on tender in Antwerp last week. Gem Diamonds CEO, Clifford Elphick, said:ย “The Letลกeng mine has produced…

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  • 14 September
    EconomyLacklustre August as retail footfall drops again

    Lacklustre August as retail footfall drops again

    Footfall in August was 1.6% lower than a year ago, down from the 1.1% fall in July, according to the latest figures from the British Retail Consortium (BRC) and Springboard. This was below the three-month average of -1.4%.ย Both high streets and shopping centres reported a decline, falling 2.3% and 2.8%…

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  • 14 September
    EventsGem-A reveals speaker line-up for 2015 conference

    Gem-A reveals speaker line-up for 2015 conference

    The Gemmological Association of Great Britain (Gem-A) has announced the programme of speakers for its upcoming annual international gemmological Conference 2015. This year’s event will incorporate the Federation of European Education in Gemmologyโ€™s (FEEG) International Symposium of Gemmology, taking place from 21โ€“22 November at RIBA Venues, 66 Portland Place, in…

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  • 11 September
    Current AffairsTiffany wins trademark case against Costco

    Tiffany wins trademark case against Costco

    Global jewellery brand Tiffany & Co has won a landmark trademark dispute against Costco in the US. The case concerned Costco’s claim that ‘Tiffany’ is a generic termย for a pronged ring. The court found that Costco was liable for trademark infringement and trademark counterfeiting in its use of ‘Tiffany’ on…

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