News
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May- 2016 -31 May
WFDB launches Young Diamantaires programme
The World Federation of Diamond Bourses (WFDB) has launched the Young Diamantaires programme at its recent 37th World Diamond Congress in Dubai. The project, which came out of discussions held by the WFDB’s Promotion Committee, aims to promote ongoing communications between younger diamond industry members and reaching out to new…
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27 May
Signet Jewelers reports record first quarter earnings
Signet Jewelers, the parent company of UK-based H Samuel and Ernest Jones, has reported record earning for the first quarter of the year. For the 13 weeks ending April 30, 2016, the company reported diluted earnings per share grew 26.4%. Same-store sales for the retail conglomerate were up 2.4% with…
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27 May
Bruce Cleaver named CEO of De Beers Group
De Beers Group as announced the appointment of Bruce Cleaver as CEO, following Philippe Mellier’s decision to step down from the role after five years with the company. Cleaver – who will begin his role on 1 July – serviced as De Beers’ executive director and was responsible for strategy…
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26 May
Tiffany & Co reports “difficult” quarter as sales fall
Tiffany & Co has reported a “difficult” quarter as worldwide net sales fell 7% to $891m (£606m) in the first quarter of the year. The fall in worldwide net sales reflected declines in all regions except Japan, which Tiffany attributed to a continuation of softness in spending by both local…
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25 May
World’s largest fancy intense blue diamond could fetch £19.8m
The world’s largest fancy intense blue diamond – the ‘Cullinan Dream’ – to go under the hammer could fetch up to $29m (£19.8m). The 21.18ct diamond will be auctioned as the centrepiece of Christie’s Magnificent Jewels and The Cullinan Dream auction on 9 June 2016 in New York, with the…
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24 May
De Beers reports ‘continued stability’ of rough diamond demand
The De Beers Group of Companies has announced the “continued stability” of rough diamond demand, following its latest sales cycle. In its fourth sales cycle of 2016 the company reported rough diamond sales of $630m (£431m) compared with the $666m (£456m) realised in its third sales cycle earlier this year.…
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23 May
Steven Stone Jewellers appoints new director
Steven Stone Jewellers has appointed Max Stone as director of the family-owned business. Stone, who represents the third generation of the family-owned company, will oversee the company’s Hale showroom in Cheshire, with the firm’s Palm Beach showroom operated by his father, Steven Stone, and its London showroom run by Max’s…
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23 May
VIDEO: Man jailed after failed jewellery store robbery dressed as a woman
A man who attempted to carry out an armed robbery at a Surrey-based jewellers while dressed in women’s clothing has been jailed. The attempted robbery took place shortly after 5pm on Friday, 19 February, when Ryan Valentine, 39, entered the jewellery shop on Leatherhead high street wearing a long black…
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20 May
Goldsmiths’ Company appoints Boodles MD as prime warden
The Goldsmiths’ Company has appointed Michael Wainwright – managing director of luxury jewellery retailer Boodles – as its new prime warden. He was inaugurated to the role on Wednesday, 18 May, at the annual prime warden’s changeover service at London’s St Vedast. Wainwright has described himself as “passionately commercial” and…
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20 May
Oppenheimer diamond sells for record £39.5m
A new world record for any jewel sold at auction as been set by the Oppenheimer Blue diamond after it sold for $57.5m (£39.5m). The diamond, which is the largest fancy vivid blue diamond ever offered at auction, was sold at the Christie’s auction of ‘Magnificent Jewels’ held at held…
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