News
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Jan- 2021 -27 January
NDC partners with Lorraine Schwartz on new diamond initiative
The Natural Diamond Council (NDC) has partnered with US jewellery designer, Lorraine Schwartz, for its Emerging Designers Diamond Initiative. The partnership will allocate $1m (£729,865) into programmes, which will provide opportunities for designers from the Black, Indigenous, People of Colour (BIPOC) community. The initiative’s goal is to expand the number…
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26 January
Mountain Province diamond sale totals £20.3m
Mountain Province Diamonds has announced that its latest diamond sale, which closed 22 January 2021, sold 241,827 carats for total proceeds of $27.8m (£20.3m), resulting in an average value of $115 (£84) per carat. Mountain Province Diamonds is a 49% participant with De Beers Group in the Gahcho Kué diamond…
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26 January
Forum Jewellers to offer free Valentine’s proposal ring
Forum Jewellers has launched a free proposal ring campaign to celebrate this year’s Valentine’s Day. The retailer is offering customers a free proposal ring to commemorate the romantic holiday in order to help develop its relationship with customers during the pandemic. Customers must sign-up on the CMJ member’s website, with…
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25 January
HB Antwerp hires Eco-Age for sustainability strategy
HB Antwerp has appointed Eco-Age, sustainability and communications agency, as its retained agency for 2021 to manage strategic partnerships and communications for the business. Established in 2020, HB Antwerp specialises in the procurement of high value rough diamonds and has set up “exclusive partnerships” with some of the world’s leading…
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25 January
Lucapa revenue drops 42% in Q4
Lucapa Diamond Company has seen its revenue drop significantly in the fourth quarter as the miner delayed sales while it negotiated a partnership with manufacturer Safdico. Overall, revenue for the year fell by 42% to $32.1m (£23.4m). Sales from Lulo fell 32% year on year to $6.6m (£4.6m) for the…
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22 January
Alrosa posts strong recovery due to holiday sales
Alrosa has reported a sharp increase in sales in the fourth quarter of 2020 due to strong demand during the holiday season. The company announced that revenue from rough diamonds has increased by 29% year-on-year to $1.14bn (£834bn) as a release of pent-up demand allowed the Russian miner to sell…
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22 January
Retail sales fall to lowest ever annual level
The retail sector has suffered its largest annual fall since records began, with total sales down 1.9% against the year prior, as restrictions on non-essential retail continued to impact the sector as a whole. This was the biggest decline since records began in 1997, according to the ONS. After declines…
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21 January
CMJ appoints two new board members
The Company of Master Jewellers (CMJ) has appointed two new board members to replace members who have retired. Peter Simpkins of Simpkins Jewellers became a new retailer board director on 1 January 2021, replacing Jason Allum of Allum and Sidaway who had served on the CJM for eight years. Judith…
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21 January
Lilienthal Berlin launches new meteorite watch collection
Lilienthal Berlin has released a new limited edition series,“The Infinite Freedom of the Universe” which features real pieces of meteorite in the centre of the dial for a starting price of €1,199 (£1,059). Together with the case made from “high quality” titanium, a scratch-resistant glass case back, Superluminova-coated hands and…
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20 January
Petra Diamonds revenue slides 8%
Petra Diamonds saw revenue fall by 8% to $178.1m (£130m) in the first half of 2020, down from $193.9m (£) the previous year, attributed to the continuous impact of Covid-19. The group sold 1,712,797 carats in 2020, which was marginally less than in 2019, when 1,743,807 carats sold. In 2020,…
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