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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.
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.
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.
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 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.
De Beers has bought out longtime partner LVMH and now owns 100 percent of the De Beers Diamond Jewellers retail chain. No price was given.
India’s Gem & Jewellery Export Promotion Council (GJEPC) is celebrating 50 years by hosting leaders from across the diamond industry. Rapaport News presents live updates from the two-day conference covering mining, manufacturing, marketing and politics.
Swatch Group reported a drop in net sales and income in 2016 amid a “very challenging economic environment” in which watch sales continued to decline. In its full-year financial report released Thursday, the company said net sales were $7.58 billion, an 11 percent decrease year-over-year at both current and constant exchange rates.
Shares in Anglo American rose 9 percent on Thursday after Indian billionaire Anil Agarwal announced his intention to invest $2.45 billion (GBP 2 billion) in the mining conglomerate.
Ahmed Bin Sulayem, the 2016 KP Chair, has nominated Maryam Al Hashemi, the UAE KP Director, as the 2017 Chair of the Committee of Participation and Chairmanship (CPC) of the Kimberley Process.
The Diamond Empowerment Fund (D.E.F) announced a powerful program for its “Diamonds Do Good” Awards gala set for June 4 at the Four Seasons Ballroom in Las Vegas. Acclaimed actor and social justice advocate David Oyelowo, who starred in such films as Selma and A United Kingdom will receive the International Vanguard Award.
Alrosa reported a 41-percent jump in revenue to 317.1 billion rubles ($5.4 billion) for 2016 IFRS (International Financial Reporting Standards) results.