International
Jewellery industry news from around the world.
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May- 2018 -3 May
Gold demand in 2018 gets off to quiet start as investment slows
Gold demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first quarter since 2008, according to the World Gold Council Q! 2018 trends report. This was largely caused by a fall in investment demand for gold bars and gold-backed exchange-traded funds (ETFs), as a subdued gold…
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2 May
Industry figures comment on overseas hallmark outcome
Leading figures in the industry have commented on the outcome of the British Hallmarking Council’s consultation on overseas hallmarking styles. The Council decided in principle that hallmarks struck overseas by UK assay offices should be distinguished by way of a special mark. Discussions are now taking place with assay offices…
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Apr- 2018 -27 April
Jewellery leaders announce blockchain initiative with IBM
IBM and a consortium of gold and diamond industry leaders have announced the first cross-industry initiative to use blockchain to trace the provenance of finished pieces of jewellery across the supply chain. Asahi Refining, Helzberg Diamonds, LeachGarner, The Richline Group and UL have launched the TrustChain Initiative, powered by the…
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12 April
Diamond prices slow in March after events ‘impacted on confidence’
Diamond prices stabilised in March, but sentiment softened after a positive start to the year, says Rapaport. The international diamond network, said dealers were “disappointed with the Hong Kong diamond show and a major bank fraud involving two Indian jewellery companies impacted on confidence”. The RapNet Diamond Index (RAPI) for…
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11 April
Bella Hadid opens new TAG Heuer concept boutique in Japan
Model and brand ambassador Bella Hadid has launched Tag Heuer’s new boutique concept in the Ginza district of Tokyo. TAG Heuer said it is “reinventing the customer boutique experience”, by unveiling the very first completely modular, fully connected store. To mark the occasion Jean-Claude Biver, CEO of TAG Heuer, invited…
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Mar- 2018 -27 March
Citizen announces partnership with Disney World
Citizen watches and The Walt Disney Company have announced Citizen will be the official timepiece of the Walt Disney World Resort in Florida and the Disneyland Resort, California. As part of a long-term promotional alliance, the Citizen logo will be displayed on the Main Street USA clocks in Magic Kingdom…
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22 March
Forevermark to build presence in Europe after strong 2017 performance
De Beers Group has announced that its Forevermark diamond brand will enter the German market for the first time and is in advanced-stage discussions with potential partners in France and Italy. In Germany, Forevermark is partnering with Heinz Mayer, an Idar-Oberstein-based diamond jewellery specialist. Heinz Mayer will launch the Forevermark…
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16 March
Hong Kong exports rebound in Q1, watches best performing sector
The latest study by the Hong Kong Trade Development Council (HKTDC) has found that the confidence level among Hong Kong exporters continues to rise, with watch exports performing especially well. The findings are based on the latest results of the HKTDC Export Index, which was published today. It found that…
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14 March
Research shows Brexit doesn’t mean exit for international retailers in London
Research from real estate advisor, Colliers International, reveals that in the face economic uncertainty due to Brexit, Central London still remains a prime destination for international brands. Colliers found over 50% of stores on core shopping streets are international brands and 30 new retailers have arrived in the last year…
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14 March
‘Exceptional quality’ diamond sold for $40m
Gem Diamonds has announced the sale of an ‘exceptional quality’ 910-carat D colour Type IIa diamond, which was sold for $40m (£28m) in Antwerp on 12 March 2018. It was recovered from the Letšeng mine in January 2018 and is the fifth largest gem quality diamond ever recovered. Clifford Elphick,…
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