ALROSA July sales of rough and polished diamonds reached $170.5 million
Press release – ALROSA Group, the world’s largest diamond miner, announces diamond sales results for July and seven months of 2019.
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FCRF: pink diamonds outperformed blues and yellows in second quarter of year
The Fancy Color Research Foundation (FCRF) reported that for the second quarter of the year the Fancy Color Diamond Index (FCDI) indicated a decrease of 0.1 percent in overall prices of fancy color diamonds.
Indian Tax Office lightens exporters’ load
Diamond exporters will be allowed to ship goods out of India for trade shows or consignment without paying goods and services (GST) tax, the government has announced.
De Beers wins grant for carbon-neutral project
De Beers Group just got a little help from the Canadian government in its quest to come up with a way to make diamond mining carbon neutral.
The long, troubling tale of Marange diamonds
This week, Russian diamond miner Alrosa announced that it had signed a joint venture agreement to explore for diamonds in the Chimanimani area of Zimbabwe.
Diamond glut prompts De Beers to slash production
De Beers has lowered its production forecast for this year, noting that weakness in the diamond trade negatively affected its performance in the second quarter.
Bulgari, Hublot sales strong for LVMH
LVMH reported double-digit revenue growth in its first-half results, boosted in part by a strong performance from its watches and jewelry division.
Swatch Group sees growth ahead despite half-year sales dip
Swatch Group reported a dip in sales in its half-year results Wednesday but said its crackdown on gray market sales should lead to an uptick in the second half of the year.
Lucara names 1,758-carat rough “Sewelo”
Lucara Diamond Corp. announced that the winning submission for the naming of the 1,758 carat diamond.
Richemont Q1 jewelry sales strong, but watch sales falter
Luxury conglomerate Richemont reported strong sales growth in its first-quarter results, but a slowdown in watch sales somewhat dulled its shine.
China lifts Richemont jewelry revenue
Sales at Richemont’s jewelry brands increased 10% in the first fiscal quarter, as lower value-added tax and customs duties drove purchases in mainland China, the luxury retailer said Thursday.
LVMH, Stella McCartney brand form partnership
LVMH has bought a minority stake in the Stella McCartney brand, a year after the designer’s split with rival luxury conglomerate Kering.
