International
Jewellery industry news from around the world.
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Mar- 2014 -18 March
Objet bought by scrap-dealer identified as £20m Fabergé egg
A £20 million Imperial Easter Egg designed by Fabergé himself was unknowingly bought by an American scrap metal dealer to melt down before he realised its value. The owner, who wanted to remain anonymous, purchased the gold and diamond and sapphire encrusted egg for £8,000 at a bric-a-brac market in…
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Feb- 2014 -20 February
Signet tightens grip on US market with $690m Zale purchase
The US owner of British jewellery chains H Samuel and Ernest Jones has inched closer to market domination with the acquisition of smaller American chain Zale for a reported $690m (£414m). In a statement, Signet said it had stumped up for a $21-per-share cash deal, which represented a 41 per…
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20 February
CARAT* hails record number of customers at Spring Fair
Wholesale jewellery brand CARAT* says it expects its growth this year to surpass that of 2013, thanks to a strong order book and a successful exhibition and Jewellery & Watch Birmingham. The firm said it had welcomed “record numbers new and existing customers” onto its stand during the five-day event,…
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18 February
China the world’s largest gold market in 2013, global demand strong
Consumers around the world bought gold in record amounts in 2013, led by demand in China and India, with China becoming the world’s biggest gold market, according to the latest World Gold Council Gold Demand Trends report. In Western markets consumer demand also remained strong with the US, in particular,…
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5 February
De Beers adds 75 years’ experience to executive committee with new hires
De Beers has made three new appointments to its executive committee, which it says adds 75 years of combined diamond industry experience to the team. Paul Rowley, executive vice president of global sightholder sales; Neil Ventura, executive vice president of auction sales; and Balisi Bonyongo, CEO of Debswana, will join…
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Jan- 2014 -6 January
Andrew Geoghegan announces international trade fair debut with Inhorgenta
Jewellery designer Andrew Geoghegan has announced Munich trade fair, Inhorgenta 2014, as his company’s international trade show debut. The announcement comes just a week after his company AG scooped the British Jewellers’ Association ‘Designer of the Year’ award. Andrew Geoghegan will attend the Inhorgenta between 14th – 17th February 2014,…
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Nov- 2013 -14 November
‘Pink Star’ diamond commands $83m at auction
A pink diamond weighing almost 60 carats has been sold at auction for $83m (£52m) in Geneva – the largest sum ever paid for a gemstone of any kind at auction. The stone, dubbed the ‘Pink Star’, was sold to Isaac Wolf, a famous diamond cutter, who announced that he…
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14 November
Signet purchases Botswana diamond polishing factory
The world’s largest jewellery retailer, Signet Jewelers, has announced the acquisition of a Botswana-based diamond polishing factory from H&A Cutting Works, a subsidiary of Exelco. The acquisition is part of the company’s plans to significantly advance its rough-diamond sourcing and manufacturing, and it described the new factory as an “important…
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6 November
De Beers announces management changes
Senior De Beers executive Varda Shine has announced she is leaving the group as of January 2014, to be succeeded by Paul Rowley as executive vice president of Global Sightholder Sales. Rowley, who is currently senior vice president of midstream operations for Global Sightholder Sales, joined De Beers in 1983…
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Oct- 2013 -31 October
Former Links of London boss appointed as Trollbeads CEO
David Riddiford has been appointed as the new chief executive officer for Trollbeads UK, just weeks after the Danish jewellery announced the acquisition of its UK distributor, Fable Trading. Riddiford, who was formerly chief executive for Links of London globally and Folli Follie in the UK, is currently non-executive director…
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