International
Jewellery industry news from around the world.
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Feb- 2018 -14 February
KFC to launch ‘fried chicken’ inspired engagement ring
KFC in Poland will be creating a specially designed engagement ring inspired by its food. The ring will consist an external layer made of gold, with a fineness of 750, which the group said will make people think of its signature “crunchy coating”. Inside is the actual engagement ring consisting…
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13 February
De Beers to sell Elizabeth Bay mine
Namdeb, a 50/50 partnership between diamond giant De Beers Group and the Namibian government, has announced it is seeking a buyer for its Elizabeth Bay mine in Namibia. The mine, which was commissioned in 1991 and is located near the town of Lüderitz, employs around 160 people and produced around…
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7 February
Israel Diamond exchange launches new Diamond Tech innovation centre
The Israel Diamond Exchange (IDE) has launched a new innovation centre, Diamond Tech, to host and support diamond related startup companies. Located within the IDE complex, the centre will help IDE promote new technologies that will bring added value to the diamond industry as well as to other sectors. Carats.Io,…
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Jan- 2018 -24 January
London and New York named key locations for luxury watch brand expansion
London and New York could provide key opportunities for luxury watch brands seeking expansion in 2018. Real estate advisor Savills reported new luxury watch store openings fell globally in 2017, with 37 compared to 44 in 2016. The year also saw openings move away from the traditional Asia Pacific markets…
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17 January
Gem Diamonds recovers ‘exceptional quality’ diamond
Gem Diamonds has recovered an 910-carat diamond from its Letšeng mine in Lesotho, South Africa. It is the largest diamond ever recovered from the mine and the fifth largest gem-quality diamond ever recovered by the company. Clifford Elphick, Gem Diamonds CEO, said: “Since Gem Diamonds acquired Letšeng in 2006,…
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15 January
Israel Diamond Exchange announces diamond-based cryptocurrencies
The Israel Diamond Exchange (IDE) will unveil two new diamond-based cryptocurrencies at the next 2018 International Diamond Week in Israel (IDWI) Created by startup Carats.Io, the group will host a seminar introducing its new diamond-backed financial instruments and explain the benefits it could have for the diamond industry. Carats.Io will…
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11 January
Jewellery worth €4.5m stolen during armed heist at Ritz Paris hotel
Armed robbers made off with an estimated €4.5m (£4m) worth of jewellery in a smash-and-grab heist at the Ritz Hotel in Paris. According to The Guardian five masked men entered the hotel armed with knives and hatchets at 6:30pm on 10 January 2018, using axes to smash several display cabinets…
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4 January
EU new Kimberley Process chair for 2018
The European Union (EU) has taken over the chairmanship of the Kimberley Process for 2018, under the leadership of Italian politician Federica Mogherini. The EU will head the international initiative to stem the trade in conflict diamonds during 2018. Kimberley is a process started in 2003 following the United Nations…
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Dec- 2017 -22 December
Alrosa recovers 98-carat diamond in Russia
Alrosa has recovered a 98.63 carat diamond from its Jubilee pipe in Yubileynaya, Russia. The Aikhal Mining and Processing Division (MPD) extracted the stone, which is a transparent yellow-tinted octahedron crystal measuring 28.96 х 28.03 х 27.30 mm. Evgeny Agureev, director of Alrosa, said: “One more discovery weighing almost 100…
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13 December
Cartier boycotts Myanmar ‘genocide gems’, pressure mounts for Signet, Bulgari
Cartier will stop trading in precious stones from Myanmar following pressure from consumers to stop selling ‘genocide gems’. The International Campaign for Rohingya (ICR), advocates for the Rohingya people, called on its 70,000 supporters to lobby the jewellery brand through text messages, calls and emails. The Rohingya are a Muslim…
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