Manufacturers

De Beers profits shine with 36% increase

The De Beers Group of Companies, itself a subsidiary of mining firm Anglo American, has reported a 36% increase in operating profits for 2014, rising to $1.4bn (around £910m) compared with the previous year. Anglo American said in a statement that the increase was due primarily to “solid demand” across key…

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Endless Jewelry reports $30m sales in dazzling first year

The new leather bracelet and charms brand Endless Jewelry has had a storming first year of trading, according to its CEO and founder, Jesper Nielsen. Nielsen told Jewellery Focus the company turned over $30 million in its first full year of trading, and has big plans for expansion in the year ahead.…

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Petra Diamonds reports 16% increase in revenue

Independent mining firm Petra Diamonds revenues have climbed 16%, despite a 2% fall in production, in its six-month results up to December 31, 2014.  The company reported revenue of $214.8m (£142.5m), up from $184.6m (£121.4m) in the same period the previous year. The report included the sale of two “exceptional”…

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Jewellery Focus introduces metal prices to Daily Briefing

As of today, Jewellery Focus has begun publishing daily metal prices as part of the Daily Briefing newsletter offering. Subscribers to the Briefing can now read the top stories of the day, the week, the editor’s blog and check out what the price of gold is doing – all before midday. Prices…

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Hot Diamonds enjoys 101% Christmas sales boost

Hot Diamonds has revealed a huge 101% increase in December 2014 sales compared with the same period the previous year. The Emozioni manufacturer said Christmas sales to its network of independents were also up, by 70% year-on-year. The firm’s head of commerce, Adryan Cresswell, said: “We were quietly confident of a strong…

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Polished diamonds prices fell 8.7% in 2014

Polished diamond prices fell in 2014 as demand in China slowed and liquidity dried up, with polished 1-carat prices dropping 8.7%, according to the RapNet Diamond Index (RAPI).  For the year 2014, 0.3-carat diamonds also declined 6.5% and 3-carat diamonds dropped 6.6%. Only 0.5-carat diamonds increased, by a marginal 0.1%.…

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Five new firms achieve RJC certification

The Responsible Jewellery Council (RJC) has announced the certification of five new firms on its roster: Blue Peacock Diamonds, Chester International LLC, Hope Belgium N. V., Karp Impex NV and Munic Gems NV. Blue Peacock Diamonds’ certification was achieved according to the new Code of Practices against its diamond trading…

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Beaverbrooks signs Endless Jewelry for 65 stores

Beaverbrooks has entered into a brand new partnership that will see Endless Jewelry’s bracelets and charms sold in all 65 Beaverbrooks stores across the UK. Jesper Nielsen, founder and CEO of Endless, said: “We are extremely proud to enter a partnership with Beaverbrooks and I believe that this new partnership will…

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Gemfields’ latest auction records 11% rise in average carat price

Gemfields has announced its rough emerald and beryl auction snared $34.9m (£22.28m) total revenue, the second highest number ever achieved at any higher quality rough auction.  The auction, held in Lusaka, Zambia on November 13-17, generated an average realised price of $65.89 (£42) per carat, a new record for higher…

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Domino reveals pendants and studs ahead of Christmas

Jewellery manufacturer Domino has announced a capsule collection of diamond pendant and stud earring designs ahead of the Christmas rush. The five pendant and earring suites, which are designed and manufactured entirely in the UK, are available in platinum as well as 18ct white, yellow and rose gold. They are supplied…

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