Diamond
Diamonds remain the cornerstone of the global jewellery trade, shaping trends and driving consumer demand across all market segments. For UK jewellers, designers, wholesalers, and manufacturers, staying informed about developments in the diamond sector is critical to navigating supply chain dynamics, pricing fluctuations, and shifting consumer preferences. Jewellery Focus provides comprehensive coverage of the diamond industry, including market analysis, ethical and lab-grown alternatives, regulatory changes, and insights into sourcing and sustainability. From the latest trends in diamond jewellery to updates from major producers and distributors, our reporting equips trade professionals with the knowledge to make informed commercial decisions.
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Sep- 2015 -21 SeptemberAuctions
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 SeptemberAppointments
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 SeptemberInternational
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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16 SeptemberCurrent Affairs
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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15 SeptemberInternational
357-carat white diamond sold for $19.3m
British global diamond mining business, Gem Diamonds Limited, has announced that an exceptional 357-carat white diamond has been sold $19.3 million. The diamond, which was recovered from the Letšeng mine in July this year, went on tender in Antwerp last week. Gem Diamonds CEO, Clifford Elphick, said: “The Letšeng mine has produced…
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10 SeptemberInternational
New international diamond trading platform to launch
A new international electronic diamond trading exchange is due to launch after an announcement by security and transport firm Brink’s, and Diamdax. The two companies said the strategic joint venture will “re-write the convention” for professional diamond trading. In statement, the two firms said: “Combining Brink’s 155 years of expertise in…
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2 SeptemberManufacturers
INFOGRAPHIC: How a diamond is made
Diamonds first formed in the earth some 1 billion to 3 billion years ago, and is now the most sought after gemstone within the jewellery industry. In the below infographic Gear Jewellers, a jewellery retailer in Dublin, talks us through every stage of the diamond industry, from how they are formed to the buying process.
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Aug- 2015 -27 AugustRetailers
Signet reports same-store sales growth of 4.2% in Q2
Jewellery retail conglomerate Signet Jewelers reported an increase in sales in its second quarter financial results, beating its expectations for the period. In the 13 weeks ending August 1, Signet reported an increase in same-store sales of 4.2%, while total sales were up 15.1% to $1.4bn (£908m) compared with the…
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21 AugustCurrent Affairs
Gem Diamonds cites challenging diamond market as profits fall
UK-based diamond production firm Gem Diamonds has been affected by the challenging diamond market as profits fell in the first half of the year. In its first-half financial report for the six months ending June 30, 2015, Gem Diamonds reported that its pre-tax profits fell from $56.2m (£35.7m) in the…
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20 AugustCurrent Affairs
Lucara recovers 336-carat diamond in Botswana
Diamond production company Lucara has recovered a type IIa, 336-carat diamond from its Karowe Mine in Botswana. In addition the company also reported a number of “exceptional” diamonds, including a 184-carat, a 94-carat and an 86-carat stone. A 12-carat pink stone was also recovered, however the company said that it…
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