Singapore

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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A magical world arrives in the jewellery industry

“The Harry Potter brand is worth almost £25bn, so our aim with this range was really to expand further into the global market,” says Gregory Kirk, marketing executive at The Carat Shop. He is talking about the release of a new Harry Potter jewellery collection created in partnership with Swarovski…

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Understanding international jewellery

The first month at the School of Jewellery in Birmingham is well underway. Bustling workshop demonstrations and creative experimentations are taking place, contextual study-trips and talking practice events are stimulating minds and the students are settling into the routine of formative lectures and seminars. But there is nothing routine about…

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JNA Awards 2018 draws record number of entries

The seventh edition of the JNA Awards, has announced that a record-breaking number of 127 entries across 12 categories has been received. Organised by UBM Asia, the JNA Awards recognises best business practices, excellence and innovation in the international jewellery and gemstone industry. UBM said that fifty-six of those submissions…

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Carats.io raises $1.6 Million in first financing round

Carats.io, an Israeli blockchain startup in partnership with the Israel Diamond Exchange, has raised $1.6m (£1.1m) in its first funding round led by Net Capital Ventures, an Israeli venture capital fund. Carats.io is issuing the first digital coin backed by diamonds. The coin, Carat, which is 100% redeemable for diamonds,…

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London and New York named key locations for luxury watch brand expansion

London and New York could provide key opportunities for luxury watch brands seeking expansion in 2018. Real estate advisor Savills reported new luxury watch store openings fell globally in 2017, with 37 compared to 44 in 2016. The year also saw openings move away from the traditional Asia Pacific markets…

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London ‘could become’ biggest growth market for monobrand watch stores

London could become the ‘primary target’ for luxury watch retailers to open their own monobrand stores as the city’s growth potential exceeds other global markets. That’s according to new research from estate agency Savills, which examined the presence of 45 luxury watch brands with their own stores in 11 gateway…

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Rare blue diamond could fetch £24.7m at auction

Sotheby’s is set to auction the world’s largest oval fancy vivid blue diamond ever to go under the hammer. The De Beers ‘Millennium Jewel 4’ – set to be auctioned at Sotheby’s Magnificent Jewels and Jadeite Spring Sale on 5 April, 2016 – is expected to sell for between $30m…

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Endless launches in 23rd market: Asia

Composable jewellery brand Endless Jewelry has hosted a colourful launch into Asia – its 23rd market worldwide – just two years since launching. In front of 300 VIP guests, celebrities, and more than 100 media representatives from Taiwan, China, Hong Kong, Malaysia and Singapore, Endless Jewelry hosted the grand opening of…

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Gemfields continues ‘superb’ 2015 with successful ruby auction

Gemfields, the coloured gemstone supplier, has proclaimed a ‘superb’ start to 2015 after realising a total of $29.3m (£18.4m) at its latest rough ruby auction.  The auction, which took place in Singapore last week, saw some 47,451 carats go under the hammer from the company’s Montepuez mine in Mozambique, which…

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