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 -22 SeptemberRetailers
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 companyโs 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 SeptemberAuctions
Sotheby’s to auction rare 12ct โBlue Moonโ diamond
Auction house Sothebyโs Geneva is set to auction the rare โBlue Moonโ diamond with an estimated value of $35-55m (ยฃ22.6m-ยฃ35.4m). The diamond is the centrepiece of the โMagnificent Jewelsโ auction and Noble Jewels in Geneva on November 11. It weighs 12.03 carats and has been graded โfancy vivid blueโ, 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.ย Struyfโs role will see him working directly with Bonhamsโ global CEO and global head of jewellery, Matthew Girling, with one of his key tasks to further expand the companyโs market share in the jewellery sector. He will…
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18 SeptemberInternational
Petra Diamonds revenue drops 10% in full year results
Petra Diamondsย hasย announced that revenue for the year ended 30 June 2015 dropped by 10% to $425m (ยฃ271.7m) compared with the previous year, according to its preliminary unaudited results. Net profit after taxation was downย a more considerableย 33% to $62.8m (ยฃ40.2m). The firm put the decreases down toย theย reliance of itsย 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 meansย Louisiana students will be able to choose jewellery sales as a formal study area and gainย 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 hasย been sold $19.3 million. The diamond, which was recovered from the Letลกeng mine in July this year, went on tender in Antwerp last week. Gem Diamonds CEO, Clifford Elphick, said:ย “The Letลกeng 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 willย “re-write the convention” for professional diamond trading. In statement, the two firms said: “Combining Brinkโs 155 years of expertise in…
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2 SeptemberManufacturers
INFOGRAPHIC: How a diamond is made
Diamonds first formed in the earth ย some 1 billion to 3 billion years ago, and is now the most sought after gemstone within the jewellery industry.ย In the below infographicย Gear Jewellers, a jewellery retailer in Dublin,ย talks us through every stageย of the diamond industry, from how theyย 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 (ยฃ908m) 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 (ยฃ35.7m) in the…
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