Second Jewelry Industry Summit launches report on supply chain talks
The organizers of the Jewelry Industry Summit announced today the publication of the final report on the recent meeting in Tucson, Arizona.
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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.
De Beers buys out LVMH, now owns all of retail chain
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.
‘Mines to Market’ forum highlights
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 sees sales, profit sink in 2016
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.
Agarwal to buy $2.5B stake in Anglo American
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.