News
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Nov- 2016 -15 November
De Beers reports ‘good demandโ in ninth sales cycle
The De Beers Group of Companies has reported โcontinued good demandโ for rough diamonds for the ninth sales cycle of the year. Provisional sales for the companyโs ninth sales cycle of 2016 stood at $470m (ยฃ378m). This was down from the $494m (ยฃ398m) raised in De Beersโ eighth sales cycle,…
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14 November
London Diamond Bourse members vote in favour of resolution
The London Diamond Bourse (LDB) held an Extraordinary General Meeting on Thursday, 3rd November where the future of the organisation was discussed openly with all members present. The meeting was attended by members from all parts of the trade including workshops, specialist insurers, SME andย major diamond dealers. The Council of…
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10 November
Gold pieces slump 20.6% in bleak October hallmarking results
The number of gold items hallmarked fell 20.6% to 489,924 articles – from 617,421 in the same month last year – as hallmarking recorded a gloomy month in October. Latest figures released from the four UK assay offices, and compiled by the Birmingham Assay Office, found overall hallmarking during the…
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10 November
Rapaport: Trump victory will improve economy
Trumpโs election victory coupled with Republican control of Congress willย set the stage for improved economic conditions that will support increased demand for diamonds and jewellery, according to the Rapaport Group. In a statement on the US election result, the firm said lower taxes, higher domestic employment and the end of…
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10 November
Women โeffectively working for free until end of 2016′ due to gender pay gap
Women will in effect work for free for the rest of the year because of the gender pay gap, a leading campaign group has said. The Fawcett Society has dubbed today (10 November) as Equal Pay Day (EPD) and claimed that the 13.9% pay gap means women are effectively working…
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10 November
CCTV images released following Suffolk jewellers theft
Police have released CCTV images of two people wanted in connection with a raid at a jewellers in Southwold, Suffolk, in September. Officers were called on Friday 30 September to reports of a theft at The Amber Shop in the townโs Market Place, with the thieves believed to have stolen…
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9 November
โExtremely rareโ Kashmir sapphire to headline Bonhamsโ auction
A collection of diamonds and gemstones – including a 14-carat Kashmir sapphire – will headline the final Bonhams London Fine Jewellery sale of the year on Sunday 4 December. The โextremely rareโ Kashmir sapphire single-stone ring, weighing 14.3-carats, is cushion-shaped with no indications of heating and has been estimated to…
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9 November
Trump win sparks โrecord salesโ as UK investors flock to gold bullion
UK investors are purchasing gold bullion in โrecord levelsโ following the news that Donald Trump has been named President of the United States. BullionByPost, the UK’s leading online bullion dealer, said it has already sold ยฃ1m in gold bullion today with sales forecast to increase tenfold to ยฃ10m by the…
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9 November
Trump victory prompts gold to breach $1,300/oz
The World Gold Council has today released a market update following this morningโs news that Donald Trump has become the 45th President of the United States. Key takeaways from the report are as follows: Financial markets have reacted sharply. Global equity markets have fallen, market expectations of a December US…
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8 November
Jewellery demand falls in Q3 as gold prices remain ‘persistently high’
Gold jewellery demand in the third quarter (Q3) of 2016 fell 21% on the same period last year to 492 tonnes (t), according to latest figures from the World Gold Council (WGC). This was the largest decline since the second quarter of 2014 and the lowest third quarter for jewellery…
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