International
Jewellery industry news from around the world.
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Oct- 2018 -31 October
Gemfields uncovers 5,655 carat ‘lion emerald’
Gemfields has uncovered a 5,655 carat Zambian emerald crystal with “remarkable clarity and a perfectly balanced golden green hue”, which has been named ‘Inkalamu’ – the Lion. The gem was discovered at Kagem, Zambia, the world’s largest emerald mine, which is 75% owned by Gemfields and 25% by the Industrial…
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30 October
Alrosa partners with De Beers to pilot Tracr programme
Tracr, the end-to-end diamond industry blockchain traceability platform being developed by De Beers Group has announced that Alrosa has joined the platform’s pilot programme. Alrosa will join industry leaders from the diamond manufacturing and retail sectors in creating the blockchain platform. Following the announcement of the Tracr pilot earlier this…
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10 October
Alrosa extracts largest yellow rough diamond this year
Diamond mining company Alrosa has extracted the largest 28.59-carat rough yellow diamond since the beginning of 2018. The diamond was discovered at Ebelyakhplacer deposit in July and has dimensions of 11.40 x 19.00 x 17.50 mm, with insignificant colorless inclusions on the surface. Evgeny Agureev, director of united selling at…
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Sep- 2018 -14 September
De Beers Group completes acquisition of Peregrine Diamonds
De Beers Group has completed the acquisition of Peregrine Diamonds for a total cash consideration of C$107m (£62.6m). The transaction, which was originally announced on 19 July 2018, was approved by Peregrine’s securityholders on 31 August 2018 and by the Supreme Court of British Columbia in its final order dated…
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4 September
India to overtake US as second biggest market for fine jewellery by the end of 2018
India is set to overtake US as the second biggest fine jewellery market in the world by the end of 2018. According to market research provider Euromonitor International, the Indian fine jewellery market will be worth USD $62.8bn (£48.9bn), $4bn more than US retail spend which will reach $58.6bn (£45.6bn),…
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Jul- 2018 -30 July
Swatch Group will not attend BaselWorld 2019
Swiss watch giant Swatch Group has announced that it will not be returning to the watch and jewellery trade show BaselWorld in 2019. The announcement was made in an interview with its CEO Nick Hayek published in Swiss newspaper NZZamSonntag, that the group which owns brands such as Omega, Tissot…
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12 July
WFDB announces Peter Meeus to head World Diamond Mark
The World Federation of Diamond Bourses (WFDB) has announced that former Dubai Diamond Exchange (DDE) president Peter Meeus will take over as head of its World Diamond Mark (WDM) programme. The World Diamond Mark is a non-for-profit organisation incorporated in Hong Kong, established in 2012 by the World Federation of…
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4 July
JNA Awards 2018 draws record number of entries
The seventh edition of the JNA Awards, has announced that a record-breaking number of 127 entries across 12 categories has been received. Organised by UBM Asia, the JNA Awards recognises best business practices, excellence and innovation in the international jewellery and gemstone industry. UBM said that fifty-six of those submissions…
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2 July
Okavango Diamond Company to Pilot GIA’s M2M to with Botswana origin diamonds
GIA has announced Okavango Diamond Company (ODC) is participating in the Institute’s M2M program. M2M is a digital platform that allows the GIA to scientifically match rough diamonds to the resulting polished gems with information from each step in the value chain that tells the complete story of a diamond’s…
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Jun- 2018 -29 June
Breitling opens first flagship boutique in Asia
Swiss luxury watchmaker Breitling has opened its first flagship boutique in Asia, in WF Central retail centre Beijing. Breitling CEO Georges Kern was on hand for the ceremony along with Jacques Bothelin, Captain of the Breitling Jet Team, renowned Chinese actor Lei Jiayin, and renowned Chinese actress and singer Han…
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