International
Jewellery industry news from around the world.
-
Jan- 2021 -22 January
Alrosa posts strong recovery due to holiday sales
Alrosa has reported a sharp increase in sales in the fourth quarter of 2020 due to strong demand during the holiday season. The company announced that revenue from rough diamonds has increased by 29% year-on-year to $1.14bn (£834bn) as a release of pent-up demand allowed the Russian miner to sell…
Read More » -
Dec- 2020 -14 December
Lucapa recovers 101 carat diamond
Diamond company Lucapa and its partner, the Government of the Kingdom of Lesotho (GoL), have announced the recovery of a 101 carat white diamond from the Mothae kimberlite diamond mine in Lesotho. The diamond was measured by the Yehuda colorimeter as D in colour, the largest Type IIa recovery on…
Read More » -
14 December
GJEPC announces international buyers show
The Gem and Jewellery Export Promotion Council (GJEPC) has announced that it will organise its first “export-oriented” International Gem & Jewellery Show (e-IGJS) for international buyers online from 18 to 22 January 2021. The council said that merchandisers representing major and independent retailers, design houses, jewellery manufacturers, importers, exporters and…
Read More » -
9 December
Hong Kong jewellery shows postponed till July 2021
HKTDC has announced that The Hong Kong International Jewellery Show will be rescheduled to July 2021 attributed to both Covid-19 and lockdown restrictions. The show was scheduled to take place in March 2020 but has since been postponed throughout the year on multiple occasions with it now officially due to…
Read More » -
Nov- 2020 -10 November
Industry reacts to Argyle mine closure
Western Australia’s Argyle mine closed today (10 October) after more than 30 years of being in operation. The mine, owned by Rio Tinto, was known to have been the source of the world’s most prized pink diamonds, which have gone on to be sold to Ernest Jones and H Samuel…
Read More » -
9 November
Consumers adapting to new normal, says De Beers
De Beers Group has released its 2020 Diamond Insight Report, which highlights new and accelerated trends in the industry with a focus on consumers adapting to the ”new normal”. The report is based on the outcomes of monthly sentiment surveys with US consumers from March to August, and includes research…
Read More » -
Oct- 2020 -26 October
Rough diamond demand improves despite lower production, De Beers finds
De Beers has announced that rough diamond production fell by 4% to 7.2 million carats in its third quarter, driven by planned reductions in production to reflect the lower demand for rough diamonds amid the pandemic. It comes as Covid-19 related measures remain in place, according to the group, in…
Read More » -
Sep- 2020 -23 September
De Beers outlines upcoming trends in flash report
De Beers has announced that diamond jewellery design trends for the upcoming gifting season are expected to be influenced by how “consumers are feeling in response to the events of this year and the impact of lockdowns”. Its fourth Diamond Insight ‘Flash’ Report was published alongside London-based fashion trends consultancy,…
Read More » -
11 September
De Beers takes ‘flexible’ approach to rough diamond sales
De Beers Group today announced the value of rough diamond sales for the sixth and seventh sales cycles of 2020. The provisional sales of cycle seven totalled $320m (£249.7m), up from $287m (£224m) reported in the seventh cycle of 2019. In addition, rough diamond sales in cycle six totalled $116m…
Read More » -
9 September
Tiffany sues LVMH over merger agreement
Tiffany & Co has filed a lawsuit against LVMH in relation to a prior merger agreement that set out Tiffany’s takeover by the group. LVMH had initially announced a “definitive” agreement with the luxury jewellers last November, whereby it outlined its intention to acquire the group for $16bn (£12.5bn), or…
Read More »
