International
Jewellery industry news from around the world.
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Jul- 2025 -10 July
Demand for gold across the UK increases 50% in the last 12 months
Demand for gold across the UK has increased 50% between July 2024 and June 2025, according to data from Gold Bank London. This latest insight direct from Gold Bank London takes into account the retailer’s sales from across the country, which includes both online and in-store transactions. Consumers continue to…
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Jan- 2025 -9 January
Zambia re-introduces 15% export duty on emeralds
The government of Zambia has re-introduced a 15% export duty on all emeralds effective 1 January 2025. The move revokes a suspension that had been in place since 2020 and directly impacts the world’s largest emerald producer Kagem Mining Limited. Kagem is 75% owned by Gemfields and 25% owned by…
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Nov- 2024 -11 November
Richemont profits drop 17% to €2.2bn
Richemont has reported a 17% decrease in operating profits to €2.2bn (£1.82bn) for the six-month period ended 30 September 2024, reflecting the impact of the decline in sales at its specialist watchmakers, a slight gross margin erosion and ongoing investments for its maisons’ long-term growth. The group also saw a…
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May- 2023 -19 May
Rishi Sunak to ban imports of Russian diamonds and metals
Rishi Sunak has announced a ban of Russian diamond, copper, aluminium and nickel in the UK, at the latest G7 Summit, according to a report by Sky News. The announcement comes after the G7 countries and the prime minister toughened their sanctions against Vladimir Putin. According to Sky, in addition…
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Jul- 2022 -26 July
Global jewellery industry to grow by 4%
The jewellery industry is expected to rebound and grow globally between 3-4% over the next four to five years, with demand expected to increase from younger consumers and domestic markets with less international travel taking place, according to The Sheffield Assay Office. During the pandemic, the jewellery industry saw revenues…
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1 July
Gem-A partners with IIG for gemmology course
The Gemmological Association of Great Britain (Gem-A) has partnered with the International Institute of Gemology (IIG) to share its new beginner’s level gemmology course with the Indian market. IIG has been granted an licence to sell GemIntro across the market and promote the course as part of its educational offering…
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Nov- 2021 -16 November
Alrosa sees Q3 profits reach £319m
Alrosa has reported pre-tax profits of RUB31.2bn (£31.6m) from RUB9.5bn (£96.3m) for the three-month period ending 30 September 2021. Sales in Q3 hit their highest level since 2010 for the third quarter period, which Alrosa said is traditionally considered to be the “weakest” period of the year. The price index…
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Sep- 2021 -2 September
Mined diamonds cause one annual injury per 1,000 workers, firm states
Mined diamonds result in one injury for every 1,000 workers annually, according to lab-grown diamond (LGD) manufacturer and wholesaler LooseGrownDiamond.com. The firm also stated that mined diamonds result in 80 days of lost work per 1,000 employees every year, compared to no lost work time for LGDs. An infographic released…
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Aug- 2021 -27 August
De Beers develops Code of Origin programme
De Beers Group has announced the development of its ‘Code of Origin’ programme to provide assurance of natural and conflict free diamonds. The code will ensure that the diamonds have been discovered in Botswana, Canada, Namibia, or South Africa, and has played a “direct role” in the group’s “building forever”…
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24 August
Madestones achieves carbon neutrality
Madestones, the lab-grown diamond company, has announced that the group is now certified as carbon neutral. Provided by CO2-logic, the label has been validated by the international independent certification body Vinçotte. In addition to the label, the process for gaining certification complied with PAS 2060, which sets requirements for achieving…
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