Singapore

De Beers Auctions resumes operations after Botswana relocation

De Beers Group has announced that its Auctions business has resumed operations following the successful relocation of the business’s headquarters from Singapore to Gaborone, Botswana.  The completion of this relocation unites De Beers Group’s global diamond trading activities in Gaborone, enhancing “operational efficiency and supporting Botswana’s position as a major…

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Astrea unveils IWD Catherine Prevost collab

Astrea London has unveiled its latest collection, a collaboration with luxury fashion entrepreneur and jewellery designer Catherine Prevost, in celebration of International Women’s Day. The company revealed that the collection, which will launch on 1 April, will consist of two exclusive sets of rings, necklaces, bracelets and earrings. The launch…

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Monica Vinader unveils new Edinburgh boutique

Demi-fine jewellery brand Monica Vinader is set to open its first Scottish boutique, a flagship store in Edinburgh. This location marks the brand’s 25th directly operated store and concession across the UK, US, Hong Kong and Singapore. The Edinburgh boutique, located on George Street, will welcome its first customers on…

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Petra Diamonds chair steps down

Petra Diamonds has announced that chairman Peter Hill, CBE, has stepped down from his role following the conclusion of its annual general meeting. Following his departure, the board has appointed Varda Shine, senior independent director, as chair of Petra. Shine will lead a search for a permanent chair and also…

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JGW Singapore attracting big-name exhibitors

Some of the world’s biggest jewellery and gemstone companies are taking part in Jewellery & Gem WORLD (JGW), previously known as the September Hong Kong Jewellery & Gem Fair, from 27 to 30 September in Halls 3 to 6 of the Singapore EXPO. The fair will present the newest products…

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Gembridge raises £368k in funding

Gembridge has announced that it has raised $500,000 (£368,000) from professional investors in a second fully funded round of Convertible Note financing. The funds pave the way for further developments that will enable the group to process up to $1bn (£735m) in transactions each year. This is the second time…

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Gembridge to protect customers with launch of new escrow account

Gembridge has announced it has opened a U.S. dollar-based escrow account with a Singaporean banking group to provide safe transactions for global buyers and sellers. Gembridge is a regulated marketplace for certified gemstones, pearls and jewellery for a verified community of buyers, sellers and consignees. The company said it will…

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The Jewelers Circle launches online trading platform

The Jewelers Circle has announced the launch of an international online trading platform intended to expand the trade show model “in support of the jewellery industry’s current needs”. The group said the move comes after recognising a “demand for a safe alternative to in-person trade events, where the fine and…

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How can the luxury watch industry survive?

The Swiss watch industry has dominated ever since the 1800s when farmers began assembling handcrafted mechanical watches during harsh winter months. Today Swiss watches are synonymous with luxury and prestige. But can the Swiss watchmaking industry survive? Technology Millions of consumers are investing in the convenience of having a mini-computer…

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Gemfields Singapore Emerald auction generates $24.8m

Gemfields has announced the results of an auction of higher quality rough emeralds held in Singapore from 14 – 17 November 2018, with revenues totalling $28.4m (£22m). The emeralds were extracted by Kagem Mining in Zambia, which is 75% owned by Gemfields and 25% by the Industrial Development Corporation of…

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