News
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May- 2016 -18 May
New LDB president appointed as Harry Levy named chairman
The London Diamond Bourse (LDB) has appointed Menachem Prager as its new president, simultaneously creating a new chairman role. Current president Harry Levy has been appointed to the newly created position. Former vice-president Prager, who is the principal of a successful diamond company, has been a member of the bourse…
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18 May
Pink diamond sells for record-breaking £21.8m
The seller of the most expensive polished diamond ever sold at auction has broke another record with the sale of the largest fancy vivid pear-shaped pink diamond. The 15.38-carat diamond – named ‘Unique Pink’ – sold for $31.56m (£21.8m) at Sotheby’s Geneva on Tuesday 17 March and became the most…
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17 May
De Beers and Namibia sign long-term sales agreement
The Government of the Republic of Namibia and the De Beers Group of Companies has signed a 10-year sales agreement. The agreement – the longest-ever signed between the two partners – will include the sorting, valuing and sales of Namdeb Holdings’ diamonds. Namibia will see a significant increase in rough…
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16 May
9-carat gold soars 15.8% as overall hallmarking figures fall
The number of 9-carat items hallmarked in April jumped 15.8%, despite an overall decline in hallmarking figures. The latest data from the four UK assay offices – compiled by the Birmingham Assay Office – found there was a total of 790,594 items hallmarked in April, compared with 810,831 in April…
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16 May
High street footfall reaches two-year low
The high street has seen its deepest decline in footfall since February 2014, as shopper numbers fell by 4.6% in April. The latest Footfall and Vacancies Monitor from the British Retail Consortium (BRC) and Springboard found that overall retail footfall fell 2.4% compared with the same month last year, although…
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13 May
Hatton Garden BID outlines £2.5m investment plans
Proponents of the Hatton Garden Business Improvement District (BID) have announced plans for a £2.5m investment into the local area over the next five years. The plans were announced at an event last night (Thursday, 12 May) hosted by NatWest Bank, where Gary Williams – chairman of the Hatton Garden BID…
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12 May
The Miglio difference: Miglio’s new concept store
Miglio, the small luxury jewellery brand, has announced the launch of its brand new Miglio concept store in Cape Town, South Africa. Located on Belvedere Square, Miglio said the perfect environment for its concept stores are located in “feel good” areas across the globe, in locations where “women like to…
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12 May
UK gold jewellery demand up 1% despite worldwide decline
Demand for gold jewellery in UK increased by 1% in the first quarter of 2016, despite an overall gold jewellery decline. That’s according to the latest report from the World Gold Council (WGC), which found global gold jewellery demand fell 19% in the first quarter of the year to 482…
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12 May
Lewes jewellers hit by daylight smash-and-grab
Police are appealing for witnesses after a jewellery store in Lewes, Sussex, was by a smash-and-grab. The incident – involving a masked man – took place at David Smith Jewellery in the town’s high street at about 1:45pm yesterday (Wednesday 11, May). Items including rings, necklaces and bracelets, with a…
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10 May
Retail sales fall flat in April amid cold weather
Retail sales fell flat for the second consecutive month after unseasonably cold weather kept consumers away from the high street, according to new research. The latest Retail Sales Monitor, from the British Retail Consortium (BRC) and KPMG, found like-for-like sales were down 0.6% compared with the same month last year,…
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