News
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May- 2018 -10 May
London Diamond Bourse announces ‘revitalised’ management board
Diamond trading association London Diamond Bourse has appointmented new staff to its council of management and its executive committee. The council of management appointments include: Katherine Chappell – Chappell has worked in the gemstone business for over 20 years. She emigrated to Canada as a child in 1965, settling in…
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10 May
Rising Middle East tension forces World Diamond Congress to cancel
The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that due to rising tension in the Middle East, the World Diamond Congress has been cancelled. The 38th World Diamond Congress due to be held in Tel Aviv, Israel, from 19 to 21 June…
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9 May
Alrosa auctions 101 special-sized diamonds for $14.8m
The United Selling Organization (USO) of Alrosa has sold 101 special size rough diamonds with the total weight of 1751.1 carats. Total sales revenue for diamonds amounted to $14.8m (£10.9m). The diamond mining company invited 86 companies from the main world’s diamond trading hubs, including Hong Kong, Belgium, Israel, India…
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8 May
Augmented reality – What can it do for jewellery?
“Other retail industries are thinking about technological innovation in completely different ways,” says Jonathan Chippindale, CEO and co-founder of Holition, an augmented reality solutions and software provider, with concern, “and I worry that the jewellery industry isn’t waking up to this.” A recent survey of 1,000 shoppers, conducted by e-commerce…
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8 May
NAJ to teach jewellers how to sell more jewellery
The National Association of Jewellers is hosting its 10th JET Business Network Congress event, focusing on the theme of ‘how to sell more jewellery’. The theme was chosen by the retailers who are finding it increasingly difficult to sell jewellery in a market sector challenged by: falling high street footfall,…
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8 May
Demi-fine jewellery – The best of both worlds?
“Lots of people want to invest in something that is going to last a lifetime but not break the bank, and that is where we fall in,” says Christie Wollenberg, co-founder of demi-fine jewellery brand Otiumberg. Fine jewellery, costume jewellery and fashion jewellery are all widely accepted categories of the…
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8 May
Israeli Diamond Institute appoints Aviel Elia new MD
The board of directors of the Israel Diamond Institute (IDI) has appointed Aviel Elia as its new managing director. Elia will replace Eli Avidar, who joined IDI in 2007 and successfully served in this position, with a brief hiatus, until now. Elia, an attorney, has served as legal adviser and…
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4 May
Retail salaries rise as April sees vacancies increase
Advertised salaries in the retail sector saw a 1.7% increase last month, according to the latest data from job site CV-Library. Advertised jobs rose by 29% year-on-year, however application rates dropped by 13.1% when compared with data from April 2017. Pay rates in retail fell by 6% year-on-year. CV-Library suggests…
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4 May
43,000 retailers in ‘financial distress’
Nearly 43,000 retailers ended the first quarter of the year in a state of ‘significant’ financial distress, according to research from insolvency firm Begbies Traynor. Its ‘Red Flag Alert’ research for Q1 2018, which monitors the financial health of UK companies, found the number of firms in the category was…
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3 May
Gold demand in 2018 gets off to quiet start as investment slows
Gold demand had a soft start to 2018, reaching 973 tonnes (t), the lowest first quarter since 2008, according to the World Gold Council Q! 2018 trends report. This was largely caused by a fall in investment demand for gold bars and gold-backed exchange-traded funds (ETFs), as a subdued gold…
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