News
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Sep- 2015 -23 September
Nominations open for NAJ Awards 2015
Nominations for the first ever National Association of Jewellers (NAJ) Awards are now open until Monday, September 28. The awards, which will take place on December 3 this year in conjunction with the benevolent ball, offers members of the newly-formed NAJ an opportunity to gain recognition for the excellence of…
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22 September
Global diamond jewellery demand grew 3% in 2014
Global diamond jewellery demand grew 3% in 2014 to exceed $80bn (£51bn) for the first time, according to De Beers. The Diamond Insight Report said this is the fifth consecutive year of growth since the global recession, while global rough diamond production rose 6% to $19bn (£12bn). Consumer demand in…
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22 September
Entrepreneur pays record £600k for ‘Gold.co.uk’ domain name
A British entrepreneur has paid £600,000 for a web domain name – the largest sum ever spent in the UK. ‘Gold.co.uk’ was bought by British online bullion dealer BullionByPost, founded by Rob Halliday-Stein, and will offer investors a range of physical gold, silver bars and coins along with insured delivery…
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22 September
Ernie Blom: ‘Trade can feel positive’ ahead of holiday season
World Federation of Diamond Bourses (WFDB) president Ernie Blom believes the global diamond trade “can be positive” ahead of the upcoming holiday sales. Blom said that initial indications from the September Hong Kong Gems and Jewellery Fair were that it had been “solid”. Meanwhile, price cuts by De Beers and…
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22 September
Ogden of Harrogate opens third store
Independent jewellers Ogden of Harrogate has opened its third store in the centre of York. The new premises, which follows the launch of the company’s Little Diamond Shop in 2010, is located on the corner of Stonegate and Petergate and has housed a jewellery shop since the late 1980s but…
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21 September
Sotheby’s to auction rare 12ct ‘Blue Moon’ diamond
Auction house Sotheby’s Geneva is set to auction the rare ‘Blue Moon’ diamond with an estimated value of $35-55m (£22.6m-£35.4m). The diamond is the centrepiece of the ‘Magnificent Jewels’ auction and Noble Jewels in Geneva on November 11. It weighs 12.03 carats and has been graded ‘fancy vivid blue’, the…
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21 September
Bonhams appoints new international jewellery director
Auction house Bonhams has appointed of Daniel Struyf as its international jewellery director. Struyf’s role will see him working directly with Bonhams’ global CEO and global head of jewellery, Matthew Girling, with one of his key tasks to further expand the company’s market share in the jewellery sector. He will…
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18 September
Petra Diamonds revenue drops 10% in full year results
Petra Diamonds has announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (£271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was down a more considerable 33% to $62.8m (£40.2m). The firm put the decreases down to the reliance of its underground mines on…
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17 September
Hallmarking dips 12.4% in August
Hallmarking figures have dipped for the second consecutive month, down 12.4% in August compared with the same period the previous year. Platinum and palladium enjoyed 3.1% and 14.9% rises respectively, but the much larger categories of gold and silver dropped 8.5% and 17% respectively. In July, the total number of…
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16 September
US high schools to run jewellery sales courses
The Diamond Council of America’s Beginning and Advanced Jewelry Sales courses have been approved by the Louisiana Department of Education for use in the state’s high schools. The move means Louisiana students will be able to choose jewellery sales as a formal study area and gain knowledge and skills for jewellery retail.…
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