Manufacturers
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Nov- 2015 -3 November
Blue fancy colour diamonds in hot demand for Q3
As the diamond industry gears up for itsย for theย holiday season, fancy colour diamond prices are holding steady. According to the Fancy Colour Diamond Index, prices of these diamonds remained stable during the third quarter of 2015, at a time when white diamond prices showed declines of 6 – 10%. The…
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Oct- 2015 -9 October
Alrosa unearths 102-carat diamond
Mining company Alrosa hasย recovered a large diamond of 102.85 carats from its Jubilee kimberlite pipe. The diamond was extracted by the companyโs Aikhal Mining and Processing Division (MPD) at processing plant No.14. The firm says diamond has an octahedral shape; it is transparent, with moderate yellowish hue. There are small…
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8 October
Gemfields profits fall despite rise in revenue
Coloured gemstone supplier Gemfields has report total revenue of $171.4m (ยฃ112m) – up from $160.1m (ยฃ104.6m) last year – in its financial report for 2015. Despite this, the company reported that its pre-tax profits decreased to $12.3m (ยฃ8m) for the year ended June 30, 2015 – down from $16.3m (ยฃ10.7m)…
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Sep- 2015 -22 September
Ernie Blom: ‘Trade can feel positive’ ahead of holiday season
World Federation of Diamond Bourses (WFDB) president Ernie Blom believes the global diamond trade “can be positive” ahead of the upcoming holiday sales. Blom said that initial indications from the September Hong Kong Gems and Jewellery Fair were that it had been “solid”. Meanwhile, price cuts by De Beers and…
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18 September
Petra Diamonds revenue drops 10% in full year results
Petra Diamondsย hasย announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (ยฃ271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was downย a more considerableย 33% to $62.8m (ยฃ40.2m). The firm put the decreases down toย theย reliance of itsย underground mines on…
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16 September
Richemont Group posts 4% sales rise
Richemont has announced its sales for the five months ended 31 August 2015 increased by 4ย % at constant exchange rates. Ahead of its Annual General Meeting held today in Geneva, Richemont announced that at actual exchange rates, sales rose by 16%, positively affectedย by the weakening of the euro against the…
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15 September
357-carat white diamond sold for $19.3m
British global diamond mining business, Gem Diamonds Limited, has announced that an exceptional 357-carat white diamond hasย been sold $19.3 million. The diamond, which was recovered from the Letลกeng mine in July this year, went on tender in Antwerp last week. Gem Diamonds CEO, Clifford Elphick, said:ย “The Letลกeng mine has produced…
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11 September
Tiffany wins trademark case against Costco
Global jewellery brand Tiffany & Co has won a landmark trademark dispute against Costco in the US. The case concerned Costco’s claim that ‘Tiffany’ is a generic termย for a pronged ring. The court found that Costco was liable for trademark infringement and trademark counterfeiting in its use of ‘Tiffany’ on…
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2 September
INFOGRAPHIC: How a diamond is made
Diamonds first formed in the earth ย some 1 billion to 3 billion years ago, and is now the most sought after gemstone within the jewellery industry.ย In the below infographicย Gear Jewellers, a jewellery retailer in Dublin,ย talks us through every stageย of the diamond industry, from how theyย are formed to the buying process.
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Aug- 2015 -13 August
Endless Jewelry enters 25th market with Switzerland launch
Danish charm bracelet brand Endless Jewelry has announced its entry into the Swiss market, its 25th since it launched two years ago. The brand is teaming up with trade agency Heno SA to manage the launch in Switzerland. Founder Jesper Nielsen said: โWhen we worked with Pandora CWE, Switzerland was…
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