Retailers
-
Jan- 2021 -14 January
Lark and Berry partners with Swedish bank Klarna
Lark and Berry has announced its new partnership with Klarna Bank AB to provide customers a “flexible and alternative” e-store shopping experience. The partnership will allow customers to shop from the safety of their own home by deciding at checkout to pay in three instalments on purchases of up to…
Read More » -
13 January
BlueRock production increases 10% in 2020
BlueRock has announced that in 2020 the number of carats produced increased by 10% to 15,371 carats from 14,033 carats in 2019, despite the Kareevlei Diamond (KVD) mine being closed due to Covid-19 for a period of 50 days. The company’s processed tonnes increased by 25% to 402,000 tonnes from…
Read More » -
12 January
Lucapa’s Mothae diamonds sell for £4.1m
Lucapa has announced that a parcel of 4,676 carats rough diamonds from the Mothae kimberlite mine were sold for a total of $5.6 million (£4.1m). The diamond sale marks the largest carat price received from the Mothae mine in its history with the company. The sale included a number of…
Read More » -
11 January
Gembridge to protect customers with launch of new escrow account
Gembridge has announced it has opened a U.S. dollar-based escrow account with a Singaporean banking group to provide safe transactions for global buyers and sellers. Gembridge is a regulated marketplace for certified gemstones, pearls and jewellery for a verified community of buyers, sellers and consignees. The company said it will…
Read More » -
8 January
LVMH completes Tiffany & Co acquisition
LVMH, the luxury products retail group, has announced its acquisition of luxury jeweller Tiffany and Co. The sale is set to transform LVMH’s Watches and Jewellery division and complement the group’s distinguished Maisons. Following the closure of the deal, LVMH also announced several leadership appointments, including Anthony Ledru, the former…
Read More » -
7 January
Menē sees end of year revenues up 64%
Menē has revealed a 64% year-on-year increase in revenue to $21.3m (£15.6m) for the fiscal year ended December 31, 2020 from $13.06m (£9.6m) last year, despite the impact of Covid-19 and lockdown restrictions. The global online 24 karat jewellery brand sold 72,900 cumulative units and received 15,885 customer orders, with…
Read More » -
4 January
Pandora FY results to exceed previous guidance
Pandora has revealed it expects its financial results for 2020 to exceed the high end guidance range of “-14% to -17%”. The luxury jewellery brand began 2020’s Q4 with “positive” organic growth in October and November, with December being impacted by the phasing of revenue. On average, more than 10%…
Read More » -
4 January
Alrosa joins Shanghai Diamond Exchange
Alrosa has announced it recently became a member of the Shanghai Diamond Exchange (SDE), a move which will see the group receive more trading opportunities in mainland China. The membership reportedly provides a “great advantage” for direct trade in rough and polished diamonds in mainland China, as well as strengthening…
Read More » -
Dec- 2020 -24 December
Lucapa recovers seven diamonds and 72 chromites in Australia
Lucapa has announced that seven diamonds and 72 chromites were recovered from a recent loam and stream sampling at the Brooking diamond province in West Kimberley, Australia. The diamond company had previously announced that alongside its partners, it had already identified diamondiferous lamproite at Brooking, where over 1,200 micro and…
Read More » -
23 December
BlueRock Diamonds recovers two ‘exceptional’ gems
BlueRock Diamonds has announced that the Kareevlei diamond mine has recovered two gem quality exceptional stones of 14.8 carats and 8.7 carats. The company which was founded in 2012, has been producing exceptional quality diamonds and out of its mine near Kimberley in South Africa. The Kareevlei licence area covers…
Read More »
