Manufacturers

De Beers production declines 23% in Q3

De Beers Group has recorded a 23% decrease in production to 7.4 million carats in the third quarter. The company attributed the drop to the ongoing transition at Venetia and planned maintenance at its diamond mines in Botswana. The Venetia mine in South Africa saw the biggest decline, as production…

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Ntinga unveils B2B platform for jewellery retailers

Fine jewellery manufacturer Ntinga has announced the launch of its new B2B website, providing a space for retailers seeking to place orders for its exclusive running lines of jewellery and view high-resolution images. According to Ntinga, it has invested in a B2B platform designed to streamline the ordering process, improve…

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Lightbox shuts down bridal jewellery experiment

De Beers Group’s lab created jewellery brand Lightbox has confirmed that it has concluded its engagement ring trial. Through the test the company deepened its understanding of lab-grown diamonds (LGD) and evaluated the changing landscape and consumer perceptions associated with them. De Beers said that Lightbox will continue to focus…

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Hallmarking falls 12.2% in August

The total number of items hallmarked by the four UK Assay Offices dropped 12.2% in August. In total 778,960 pieces of jewellery were hallmarked in August 2023 compared with 886,746 in August 2022, a decline of 107,786. Gold hallmarking dropped 11.2% from 364,652 pieces hallmarked down to 323,993. However, gold…

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Petra Diamonds swings to loss amid diamond production decline

Petra Diamonds has reported that it swung to a pre-tax loss of $38.8m (£31.31m) in its preliminary results for FY2023, down from a pre-tax profit of $139.5m (£112.58) the previous year. It also confirmed its adjusted profit before tax amounted to $8.3m (£6.69m), compared with $155.1m a year prior. Petra…

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Armitage Tools partners with Jura Tools

Armitage Tools has announced a new strategic partnership with fellow family-run business Jura Tools. The two companies said that the partnership will offer customers a “new and expanded product selection”. The partnership will offer customers access to the “most sought-after diamond setting products” in the industry. It will also offer…

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Andre Michael launches lab-grown diamond ‘point of sale’ offering

Andre Michael has announced that it is launching a ‘point of sale’ for lab-grown diamond jewellery for retailers. The point of sale comprises a stand for 16 rings, as well as earrings, pendants and bracelets, with a choice of imagery. “The point of sale is a way for retailers to…

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De Beers sees revenues drop to $2.8bn in H1

De Beers has revealed that its total revenue decreased to $2.8bn (£2.19bn), with rough diamond sales decreasing to $2.5bn (£1.96bn), during the first half of the year. It said that the high levels of polished diamond inventory in the midstream coming into 2023, as well as the ongoing macroeconomic headwinds,…

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Potters unveils Eco Bundles sustainable jewellery packaging

Potters has unveiled its latest product, the Eco Bundles, a starter pack of premium recycled jewellery packaging. The new offering is designed to simplify the packaging selection process for both established brands and start-up jewellers. As part of the company’s commitment to eco-friendly practices, the bundles are manufactured using 100%…

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Hickman Shearer to auction off final assets of Vashi

Equipment sales specialists Hickman Shearer has been commissioned to auction off the final assets from Vashi’s West End headquarters and workshops. The news comes after Vashi fell into administration earlier this year and its online operation, which accounted for 80% of Vashi’s business, was sold to Queensmith, a Hatton Garden-based,…

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