News
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Apr- 2017 -5 April
De Beers sees £465m in rough diamond sales
De Beers has seen its rough diamond sales rise to $580m (£465m) in its third sales cycle of the year. The mining group’s sales grew 5% from the revised figure of $553m (£443m) in the second cycle, but was 13% lower than last year’s March sale. According to Rapaport, De…
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5 April
UK’s ‘first responsible jewellery conference’ announces 2017 speakers
Flux Fair Luxury – the UK’s first responsible jewellery conference – has announced the speakers who will be taking part in this year’s two-day conference. The event, which takes place in three weeks, has confirmed that Lisa Levinson from Forevermark, Claus Teilmann-Petersen, vice-president of group ethics at Danish jewellery brand…
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5 April
Baselworld shortens show following a drop in attendance
Baselworld has announced that its 2018 show will be six days long instead of the usual eight, following a drop in the number of exhibitors. There were 200 less exhibitors compared with the following year, making it a drop of 13.3%. Meanwhile, more than 10,600 buyers from 100 countries attended…
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4 April
‘Pink Star’ diamond sells for record-breaking £57m
A rare diamond known as the ‘Pink Star’ has been sold at auction in Hong Kong for $71m (£57m) – a new world record for any gemstone sold at auction. The oval-cut pink diamond, which weighs almost 60 carats, is the largest internally flawless vivid pink diamond that the Gemological…
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4 April
Glitzbox launches UK’s first jewellery subscription service
Glitzbox, the first jewellery rental subscription service in the UK, is set to launch this April. The subscription box has been created by jewellery consultant Tamzin Ivy, who has worked with independent jewellery brands and notonthehighstreet.com. Glitzbox will allow subscribers to receive three selected pieces of jewellery which they can…
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4 April
Beaverbrooks helps raise £20,000 after sleeping rough for charity
The CEO and colleagues of Beaverbrooks have helped raised over £20,000 after sleeping rough for charity. Anna Blackburn, the company’s CEO, and nine Beaverbrooks members of staff joined 100 volunteers who slept rough on the streets of Blackpool to raise awareness for homeless charity Streetlife. The charity raised over £20,000…
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4 April
Amazon takes on bricks-and-mortar stores with cash sales
Amazon has launched a new feature called Amazon Cash, making physical money payments possible for online goods. The new service has been released in order to help those without bank accounts or debit/credit cards and is only available in the US at current. Customers receive a barcode from Amazon that…
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3 April
London Diamond Bourse hires ethical issues advisor
The London Diamond Bourse (LDB) has appointed Katherine Chappell as its special advisor for ethical issues. Chappell, a specialist in fairtrade principles, has taken on the role in a bid to strengthen the company’s understanding of “specialist issues and encourage discussions about responsible sourcing”. Chappell, who has been with the…
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3 April
Diamond market improves after a slow first quarter
The diamond market showed improvements in March after Chinese demand at the Hong Kong exhibition was better than expected. The latest RapNet Diamond Index from the Rapaport Group found the price of 1-carat polished diamonds increased by 0.1% in March and was down 1.1% during the first quarter. There was…
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Mar- 2017 -31 March
Independent jewellers to close after 70 years in business
Family-owned Revills Jewellers of Spalding, in Lincolnshire, will shut its doors at the end of July after 70 years in business. The store was first opened by Roy Revill on Francis Street before moving to its current location on Market Place, but current managing director Nick Revill told local paper…
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