Manufacturers

Dimexon joins the Watch and Jewellery Initiative 2030

Dimexon has joined as a member of the Watch and Jewellery Initiative 2030, a global initiative founded by luxury groups Kering and Cartier. The Watch and Jewellery Initiative 2030 was launched in October last year, and its mission is to unite companies in the industry to work collaboratively towards ethical…

Read More »

Petra Diamonds FY22 revenues jump 44% to $585m

Petra Diamonds has announced its revenues grew 44% year-on-year from $406.9m (£347.5m) to $585m (£499.6m) for the year ended 30 June 2022 (FY22). This comprises revenues from rough diamond sales of $584.1m (£498.8m) and additional revenues from profit share agreements on partnership stones of $1.1m (£939k). The increase in revenues…

Read More »

De Beers diamond sales drop to $630m

De Beers Group has announced its value of rough diamond sales decreased 1.25% to $630m (£543.95m) for the period 15 August to 30 August (Cycle 7 2022), compared to $638m (£550.86m) in Cycle 6 2022. De Beers said that it has continued to implement a more flexible approach to rough…

Read More »

Artisan sees ‘excellent growth’ in diamond sales

Artisan, the jewellery manufacturer based in Hatton Garden, has “far exceeded” its growth targets amid a rise in diamond sales and growth in Artisan’s mount and semi-set mount business. The diamond sales have been via Artisan’s live diamond feed from approved partners across the world, providing customers with access to…

Read More »

Petra FY22 revenues hit £486.7m

Petra has announced that its revenues hit $585.2m (£486.7m) in the financial year ending 30 June 2022 (FY22), up year-on-year from $406.9m (£338.43m).  This comprises a 44% rise in revenues to $584.1m (£485.81m) from diamond sales, and additional revenues from profit share agreements of $1.1m (£914,903). Petra said the increase…

Read More »

Petra Diamonds sales hit £481.8m

Petra Diamonds has revealed its sales increased 43% year-on-year from $406.9m (£335.4m) to $584.5m (£481.8m) for the full year ending 30 June 2022 (FY22), although the number of carats sold dropped year-on-year from 3,960,475 to 3,536,371. Additionally, Tender 6 of FY22 saw 569,496 carats sold for a total of $93m…

Read More »

Brown & Newirth partners with Bradley’s Jewellers on new eco collection

Bradley’s Jewellers York has partnered with British fine jewellery manufacturer Brown and Newirth to launch its new ‘Created by Brown and Newirth’ line of jewellery, made using laboratory-grown diamonds. The 12-piece jewellery collection is available in platinum, 18k yellow and 18k rose gold, and includes solitaire and three-stone rings, as…

Read More »

De Beers sales surge 56% to £486.5m in Cycle 4

The De Beers Group has announced its rough diamond sales surged 56% year-on-year between 2 May to 17 May, the fourth sales cycle of 2022, rising from $385m (£310m) to $604m (£486.5m). This also marks a 6.7% increase from $566m (£455.9m) in Cycle 3 2022, led by “strong” consumer demand…

Read More »

Petra Diamonds non-executive director steps down

Petra Diamonds has announced that Matthew Glowasky will stand down as a non-executive director of the company and will also stand down from the board, with immediate effect. Glowasky was appointed as a non-independent, non-executive director of the company on 10 March 2021. His appointment was pursuant to a nomination…

Read More »

Petra Diamonds prices plummet 23.7%

Petra Diamonds Limited has announced its like-for-like rough diamond prices decreased by 23.7% in the fifth tender cycle (Tender 5) of 2022. Petra said the reduction in prices is in line with the company’s guidance in its Q3 FY22 trading update last month, where Petra outlined it anticipated some pull…

Read More »