Daily News

Alrosa’s diamond sales hit US$504.5m in January

Russian diamond producer Alrosa Group reported a robust diamond sales performance for both rough and polished stones during the first month of the year due to stronger demand. 

HK’s jewellery retail sales climb 5.2% in 2017

Jewellery retail sales in Hong Kong reached HK$75 billion (US$9.6 billion) in 2017, up 5.2 percent from the same period in the previous year, on the back of an overall modest growth in the retail sector, latest government data showed.   

Sotheby’s Diamonds offers ‘rarest’ flawless white diamond

Sotheby’s Diamonds, a retail boutique specialising in the world’s finest diamonds, recently unveiled a rare 102.34-carat white diamond, which it said was flawless according to every critical industry benchmark. 

Chinese more inclined to buy diamond jewellery than Americans, says study

More Chinese consumers are expected to buy diamond jewellery in the future compared to their American counterparts, according to a recent research.

IDE inks deal with Alibaba.com

The Israel Diamond Exchange (IDE) has partnered with online sales platform Alibaba.com. The agreement makes IDE the first diamond bourse to offer polished diamonds and diamond jewellery on the website, directly from the source. 

India Diamond Week scheduled for April at Bharat Diamond Bourse

The first India Diamond Week will be held at the Bharat Diamond Bourse (BDB) in Mumbai, India, from April 23 to 25. The event will showcase polished diamonds by around 250 Indian companies.  

Argyle pink diamond coin debuts in Berlin

Australian miner Rio Tinto and The Perth Mint recently unveiled the first pavé set Argyle pink diamond gold coin, aptly named “The Jewelled Phoenix.” 

GJEPC’s maiden gem show ends on positive note

The first-ever India Rough Gemstones show, held from January 8 to 10 in Jaipur, concluded positively, with 42 international companies showcasing their goods and more than 1,200 visitors attending the show.

Gübelin, Everledger to develop first blockchain tech for gems

The Gübelin Gem Lab and technology enterprise Everledger are jointly developing the Provenance Proof Blockchain for coloured gemstones aimed at further promoting transparency in the trade.

Industry groups present diamond terminology guide

Major global organisations recently unveiled a Diamond Terminology Guideline to encourage “full, fair and effective use” of a clear and accessible terminology for diamonds and synthetic diamonds by industry players worldwide.

Swiss luxury watches continue to dazzle in Asia

Asian buyers’ penchant for luxury timepieces fuelled Swiss watch exports in 2017, with Hong Kong and mainland China leading the growth, latest data from the Federation of the Swiss Watch Industry FH revealed.

LVMH cites robust jewellery business in 2017

Luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton said its watches and jewellery business grew substantially in 2017, led by solid performances of luxury brands in key worldwide markets.

Gold still a strategic asset in 2018, WGC says

Four key market trends are expected to further support demand for gold in 2018 and sustain its relevance as a strategic asset, the World Gold Council (WGC) said in its latest gold market report.

Lukfook builds presence in Cambodia

Luk Fook Holdings (International) Ltd is expanding its reach in the Cambodian jewellery market with the opening of a flagship store in the capital city of Phnom Penh.

JNA Awards 2018 presents new retail category

JNA Awards, one of the most respected and prestigious awards programmes in the international jewellery industry, recently announced its awards categories and judging criteria for the 7th edition.

Sarine opens first tech lab in Israel

Sarine Technologies Ltd has successfully forayed into the gemmological business, with the opening of the Sarine Technology Laboratory in Israel.