News
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Mar- 2022 -11 March
Christies Jewel’s online auction tops £2m
Christie’s Jewels Online: La Dolce Vita auction, which took place between 1 and 10 March, achieved a total of £2,052,724, with 157% hammer above low estimate and 93% sold by lot. The auction attracted participation from 38 countries, across four continents, and 25% of bidders and buyers to sale were…
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11 March
Alrosa suspends Natural Diamond Council membership
The Natural Diamond Council (NDC) has announced that Alrosa has stepped down from the board and will cease all financial contributions to the organisation amid the ongoing crisis in Ukraine. The NDC said its board of directors of the Natural Diamond Council received Alrosa’s decision to suspend its membership last…
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10 March
Brazilian exports of metals, precious stones and jewellery soars by 119%
The total volume of Brazilian metals, precious stones, and jewellery exports to the UK in 2021 soared by 119%, rising 37% by value to reach £648.8m, with demand “overwhelmingly concentrated” in precious stones and gold, according to Apex-Brasil. Metal ore exports also rose significantly, by 116% YOY, to reach £143.3m.…
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10 March
Lark and Berry debuts sister brand
Lark and Berry has announced the launch of Alondra, its new sister brand, in honour of International Women’s Day. The first collection under Alondra is ‘Horizon’ which features Lark and Berry’s created diamonds, black spinel and 18K gold vermeil and silver. All pieces in the Alondra brand are made with…
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9 March
Rough diamond sales to reach £494m, De Beers says
The De Beers Group has announced the provisional value of rough diamond sales (Global Sightholder Sales and Auctions) has reached $650m (£494m) for the second sales cycle of 2022. De Beers said this represents the expected sales value for the period 21 February to 8 March and remains subject to…
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9 March
Petra Diamonds Tender 4 sales hit $140.6m
Petra Diamonds Limited has announced its Tender 4 sales hit $140.6m (£106.89m) in FY22, following the sale of 735,222 carats. The announcement comes as the group reported its YTD sales reached $405.3m (£308.12m), while full year sales in FY21 were $406.9m (£309.34m), with further tenders for FY22 due to be…
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8 March
Flinn and Steel on track for £750,000 turnover
Sheffield Steel and Titanium wedding ring brand, Flinn and Steel, has announced it is on track to turnover more than £750,000 in its third year in business. It was launched in a shed on the edge of Sheffield at the start of the pandemic by Ollie Allen and Jess Flinn,…
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8 March
Richemont suspends operations in Russia
Richemont has announced that it has suspended all commercial activities in Russia, following its prior announcement of stopping operations in Ukraine on 24 February. The company said it is in close contact with its people on the ground and ensuring they receive financial, logistic and moral support. Richemont has also…
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7 March
Alrosa steps down from Responsible Jewellery Council board
The Responsible Jewellery Council (RJC) has announced that Alrosa has voluntarily stepped down from its position as vice-chair, temporarily leaving the board of directors. The decision was communicated to the RJC board of directors during the meeting on March 3rd. The RJC said Alrosa “stays committed” to the RJC’s standards…
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7 March
Bira announces launch of Nertoo online trading platform
The British Independent Retailers Association (Bira) has announced the official public launch of its new online trading site Neartoo. The website, which launches on Monday 7 March, is designed to “help stores in hard hit High Streets recover from the pandemic”. The platform allows shoppers to find out what they…
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