Erik Jens leaves ABN AMRO
Erik Jens, long considered the most powerful banker in the diamond industry, is leaving his post at ABN AMRO’s diamond desk.
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DMCC confirms Ahmed Bin Sulayem to be chairman of Dubai Diamond Exchange
Ahmed Bin Sulayem, Executive Chairman of the Dubai Multi Commodities Centre (DMCC), is to take over as Chairman of the Dubai Diamond Exchange (DDE) after Peter Meeus steps down on January 31, the DMCC confirmed. Meeus will become DDE Honorary Chairman.
Affluent millennials favor Tiffany and Rolex, represent growing luxury market
Affluent millennials favor traditional luxury brands like Rolex and Tiffany, but also seem predisposed to high-end brands that engage in content marketing, a new survey by MVI Marketing found.
The Scoop on Meghan Markle’s Jewelry in Prince Harry engagement portraits
Actress Meghan Markle, the newly announced future British royal, wore two pretty pieces of jewelry in her first official portrait session with hubby-to-be Prince Harry of Wales, which was released today.
Pink diamonds shine at Alrosa polished auction
Alrosa garnered $1.2 million at its colored diamond auction in Israel this month, noting good demand for rare pink stones.
Letšeng finds seventh big diamond of the year
Gem Diamonds recovered a 202-carat rough diamond at its Letšeng mine in Lesotho, bringing the number of 100-carat-plus stones the company has found this year to seven, it said Wednesday.
Mobile shoppers create record Black Friday and Thanksgiving online sales
Record Black Friday and Thanksgiving online sales were recorded in the United States with consumers buying more on their mobile devices and generating encouragement ahead of the holiday season.
Chow Tai Fook jewellery group posts big rise in net profit
Hong Kong-based Chow Tai Fook Jewellery Group, one of the largest jewelry retailers in the world, reported that its net profit soared 46 percent to HK $1.78 billion (approximately US$227 million) in the first half of fiscal year 2017/2018.
Story of the Peace Diamond: it takes a village
Pastor Emmanuel Momoh tells the story of discovering the world’s 14th-largest diamond.
Is the Apple Watch a real threat to watchmakers?
In early October, I interviewed Horace Dediu, a Romanian-American tech analyst based in Finland who focuses on Apple products, as part of a larger story I was working on about watch brands that sell more than $1 billion at retail annually.
Will UAE’s VAT be a hurdle for its growth as a major diamond hub?
The recent news that the United Arab Emirates (UAE) will be introducing 5 percent value-added tax (VAT) from January 2018 on both, rough as well as polished diamonds, has stirred and shaken the Indian diamond industry which has close business affiliations with the country.
Diamond Producers Association releases new generic ads
Diamond Producers Association (DPA), the 2-year-old group responsible for category-driving advertising for the diamond industry, has released several new ads intended to promote diamonds for the holiday.