Here comes the bride…
Wedding resource site The Knot published its annual Real Weddings Study this week and it makes for some fascinating reading, as well as providing some good news for jewelers.
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The Fascination Watch : Graff unveils $40 million watch at Baselworld
Graff Diamonds once again made a splash at Baselworld, introducing a $40 million watch topped with a 38 ct. D Flawless that can be converted to a bracelet or ring.
Any diamond producers association won’t be a new De Beers
In 2009, the leading diamond producers convened in St. Petersburg, Russia, at the behest of the then-president of Alrosa, to discuss a joint promotional effort called the International Diamond Board.
Diamond producers, trade leaders to meet in Dubai
Press release – The Dubai Diamond Exchange (DDE), a Dubai Multi-Commodities Centre (DMCC)platform, announced that leading mining executives will be presenting at the second Dubai Diamond Conference.
Is it just history repeating itself?
Is the industry at long last getting its act together and creating an effective organization that will promote the diamond sector and act as a unified body?
Restoring confidence
The diamond mining companies need to play their part to ensure profitability throughout the distribution chain. Therefore, the trade should be encouraged that a meeting of the top eight miners took place this month to discuss some of the industry’s most pressing challenges.
WFDB’s executive committee adopts firm stand on grading standards
The World Federation of Diamond Bourses (WFDB) completed a two-day meeting of the executive committee and Asia-Pacific presidents’ summit in Shanghai, having addressed a range of “crucial issues affecting the global diamond industry,” according to WFDB’s president, Ernie Blom.
Diamond miners meet to set up consumer promotion body
Executives from eight of the largest diamond mining companies met recently to explore the establishment of an association that will promote diamonds as a consumer product.
Business as usual in Hong Kong
The March Hong Kong show that took place this week was not a game changer for the diamond industry. If anything, the show signaled business as usual, which lately, hasn’t been great, and trading just about met dealers’ low expectations.
Varda Shine joins Lonmin as non-executive director
Varda Shine, the former CEO of the DTC, has joined platinum company Lonmin Plc as a non-executive director.
ABN Amro to clients: we want to know your transactions
With banks still skittish about lending to the industry, ABN Amro’s diamond and jewelry division, generally considered the industry’s largest lender, has launched a “borrowing base verification program,”
Online jewelry’s growth restraint
U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.