Baselworld 2018 will be shorter by 2 days
As the show concluded Thursday in Switzerland, Baselworld organizers issued a press release confirming what was obvious to anyone who went to the annual watch and jewelry show: attendance was down.
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Antwerp diamond industry ‘demands solution for banking issue’
In reaction to media reports regarding access to bank accounts, the Antwerp World Diamond Centre (AWDC) said it is “indisputable that Belgian banks discriminate against the entire Antwerp diamond industry“.
Record smashed as Sotheby’s sells Pink Star to Chow Tai Fook for $71 Million
Chow Tai Fook, the Hong Kong-based jewelry retail giant which is the world’s largest jeweler, paid around $71 million for the 59.6-carat Pink Star diamond today (Tuesday)
De Beers Consolidated Mines recognized for its conservation efforts
De Beers Consolidated Mines (DBCM) has won the Wildlife Ranching SA award for ‘Biodiversity and Social Responsibility’, in recognition of its approach to ecological management, the De Beers Group announced today.
2016 diamond pipeline – survival in the absence of growth
“Survival in the Absence of Growth” was the subject of a panel discussion at the recent Mumbai “Mines to Market Conference.” It certainly summarized succinctly the diamond industry’s 2016 performance. The full 2016 Pipeline article is published in Diamond Intelligence Briefs.
Israel bourse slices $3M off expenses
The Israel Diamond Exchange (IDE) has reduced membership fees for 200 companies after a cost-cutting program resulted in $2.8 million (ILS 10 million) in annual savings.
Varda Shine to join Sarine Technologies as independent director
Sarine Technologies Ltd has announced that former De Beers’ Diamond Trading Company (DTC) CEO Varda Shine has agreed to join its board of directors as an independent director, subject to approval at the Annual General Meeting to be held in Singapore on April 25.
Dubai Diamond Exchange marks landmark 1,000 members
The Dubai Diamond Exchange (DDE), the only diamond and colored stones trading exchange in the Gulf Cooperation Council region, and home to some of the world’s most best-known jewelry manufacturers, retailers and traders has announced that the Arslanian Group has become its 1,000th member.
Baselworld 2017 opens with 13% fewer exhibitors
The message from executives who spoke at the Baselworld opening press conference on Wednesday was clear: We know the situation is bad, and we don’t really want to talk about it.
Will retail help De Beers ‘Build Forever’?
Taking control of the De Beers Diamond Jewellers (DBDJ) retail operation from LVMH has completed De Beers transformation from a mining company into a diamond luxury group.
Forget Millennials, meet the ‘Midult’
Millennial spending habits have been discussed and analyzed ad nauseam over the past several years, and, according to experts, this laser focus may be to the detriment of retailers.
Dominion Diamond turns down takeover
Dominion Diamond Corporation has publicly rebuffed a $1.1. billion takeover bid from Washington Companies, saying the Missoula, Mont.–based conglomerate lacks the industry know-how to run the Canadian diamond miner.