Diamond
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Nov- 2015 -3 NovemberTrade Organisations
WFDB announces new ‘strategic direction’
The World Federation of Diamond Bourses (WFDB) has agreed a new strategic direction at its recent meeting in Idar-Oberstein, Germany. In a discussion about how the organisation can increase its global footprint, the WFDB talked about expanding its membership by accepting associate and other members. The WFDB also discussed the…
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3 NovemberEconomy
Falling diamond prices continue in October despite trading uplift
Trading of diamonds improved in October but prices continued to fall, according to the latest figures from Rapaport. The latest RapNet Diamond Index (RAPI) for 1-carat, laboratory graded diamonds fell 1.3% in October as suppliers held on to large polished inventory and dealers tried to buy select goods at deep…
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3 NovemberInternational
Blue fancy colour diamonds in hot demand for Q3
As the diamond industry gears up for its for the holiday season, fancy colour diamond prices are holding steady. According to the Fancy Colour Diamond Index, prices of these diamonds remained stable during the third quarter of 2015, at a time when white diamond prices showed declines of 6 – 10%. The…
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2 NovemberAdvice
ADVICE: How bricks-and-mortar retailers can enjoy a bumper Black Friday
Black Friday has evolved from a little-known promotion in the UK to one of the biggest events on the retail calendar in just a few years. However, its exponential growth has not been without challenges. Here, Vicky Brock, CEO of returns intelligence specialist Clear Returns, outlines the potential pitfalls Black Friday…
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2 NovemberCelebrities
Petra Diamonds’ production up but diamond prices slump
Petra Diamonds has reported an increase in production but a fall in diamond prices in its trading update for the period July 1 to October 27. In its first quarter results for 2016, Petra reported no revenues as its first diamond sale of the financial year was not until October…
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Oct- 2015 -29 OctoberCurrent Affairs
RapNet suspends members suspected of falsifying GIA reports
RapNet, the diamond trading network from Rapaport, has suspended 10 members pending further investigations surrounding alleged falsifications of Gemological Institute of America (GIA) reports. RapNet said the members have also been suspended by the GIA for allegedly participating in a scheme that hacked into the GIA’s computer system and upgraded…
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27 OctoberAppointments
Dix Noonan Webb enters jewellery market with Bonhams hires
International coins and medals specialists Dix Noonan Webb is entering the jewellery market with two Bonhams hires briefed to launch a new jewellery department. The new division will open for business on 11 November 2015, headed up by Frances Noble (assisted by Laura Smith), both of whom join from Bonhams. The new…
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23 OctoberWatch Focus
Cheshire Watch Company relocates to new store
The Cheshire Watch Company has relocated to a new store on Aderley Road in Wilmslow, moving out of its previous position in Manchester city centre. The company said it wanted to bring the shop to its customers, following research that found its existing customers largely came from Wilmslow, Hale and…
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22 OctoberRetailers
North West jeweller opens London store
Steven Stone, an independent jeweller located in Hale, Cheshire, has opened a new store in London’s Marleybone. Opening on St Christopher’s Place, the design of the store is sleek and modern and was overseen by the third generation of the family, Zack Stone. Stone said: “In recent years our business…
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19 OctoberEditor's Blog
Editor’s Letter October 2015
If you follow business news closely and your confidence is affected by it day to day, then this month will have made for a turbulent one. Hallmarking was down in the month of August – a disappointing continuation of the surprise downward movement seen in July – but then global…
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