Diamond marketing body seeks cash injection
The Diamond Producers Association (DPA) plans to increase its annual budget to $60 million from $6 million by asking members for bigger contributions, Bloomberg reported.
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De Beers speaks on demand for diamond jewellery, impact of India’s demonetisation policy on gems trade and synthetics’ threat or lack thereof
Global diamond giant, De Beers said that last year’s demand for diamond jewellery, across the key consumer markets, was broadly stable on 2015.
The 10 most read articles on Rubel & Ménasché in 2016
You know how much we at Rubel & Ménasché like to make you happy! As we did last year, we have decided to bring your favorite articles from our website in 2016 back into the limelight.
Tiffany & Co. holiday comps fall, as company takes Trump tower hit
Design director Francesca Amfitheatrof resigns; Reed Krakoff joins company.
NRF: despite living a digital life, 98% of Generation Z still shop in store
Despite expectations that the first “digitally native” generation would want to shop online, a new study by IBM and the National Retail Federation (NRF) found that almost all members of Generation Z prefer to shop in bricks-and-mortar stores.
Gold set to shine on stronger Asian demand
The World Gold Council (WGC) predicted gold prices will continue to rise in 2017 as growth in Asia and political uncertainty in the west are expected to support demand.
ALROSA’s diamond resources decline
ALROSA’s rough diamond resources fell 4 percent to 1.03 billion carats as at July 1, 2016, the Russia-based miner reported.
Positive outlook for rough diamond trade, if not India’s demonetization
AWDC and Bain & Company noted in their 2016 global diamond report that rough-diamond revenues declined by 24 percent in 2015 as the midstream segment sold down accumulated inventories.
ALROSA announces sales results for December 2016 and interim results for 2016
Press Release – PJSC ALROSA, the world leader in diamond mining, has announced rough and polished diamond sale results for December 2016 and interim results for 2016.
Millennials buying diamond jewelry,but purchasing smaller pieces, says Cleaver
De Beers Group CEO Bruce Cleaver says in an interview that millennials, the under-35 age group, are still purchasing diamond jewelry, albeit smaller pieces since they are typically less affluent than their parents were at the same age.
Chow Tai Fook sales signal China recovery
Chow Tai Fook’s shares jumped more than 5 percent after the jeweler reported relatively strong quarterly sales amid renewed growth in China and higher gold demand.
India focuses on fighting fraud
India has beefed up its diamond disciplinary capabilities to put a stop to bankrupt traders setting up new companies to escape debts and curb other fraudulent activities.