Manufacturers
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Nov- 2023 -17 November
Petra Diamonds chair steps down
Petra Diamonds has announced that chairman Peter Hill, CBE, has stepped down from his role following the conclusion of its annual general meeting. Following his departure, the board has appointed Varda Shine, senior independent director, as chair of Petra. Shine will lead a search for a permanent chair and also…
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3 November
Adamas One Corp announces launch of lab-grown colourless diamonds
Lab-grown diamond company Adamas One Corp has announced the initial delivery of colourless diamonds. Adamas One’s “extensive” internal R&D efforts lead to the creation of D, E and F diamonds, which are considered to be colourless as determined by gem grading labs such as GIA, IGI, and EGL. According to…
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Oct- 2023 -26 October
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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18 October
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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Sep- 2023 -22 September
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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19 September
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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15 September
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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Aug- 2023 -31 August
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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14 August
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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1 August
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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