Signet total sales $6.55 billion in FY2016
Signet Jewelers Limited has reported that its annual total sales for the 2016 fiscal year reached $6.55 billion – a 14.2 percent increase.
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Rio Tinto: outstanding pink diamonds… and what else? – Producers from the DPA, part 3
It is high time to continue our long series on gem producers! We have reached a time of undeniable changes in the diamond industry, and the position of the producers is… chaotic.
Jewelry industry summit ends with commitment to harmonize standards
The Jewelry Industry Summit, a forum on sustainability and responsible sourcing, closed with commitments to pursue projects including harmonization of various standards and educating workers in the industry.
The company behind those freakishly large lab-grown diamonds
New Diamond Technology has produced 5 ct. and 10 ct. man-made diamonds, and it may just be getting started.
Sotheby’s to sell America’s little darling’s blue diamond
New York – The blue diamond once belonging to “America’s Little Darling” will be up for auction next month.
‘Generation Z’ already pushing millennials out of marketers’ focus
Despite the diamond jewelry industry – along with many others – still being obsessed with the so-called millennials, young people born from around 1980 to 2000, marketers are already turning their attention to the so-called ‘Generation Z’.
Why last week’s press reports about the Kimberley Process were completely wrong
The Central African Republic remains under embargo, sources tell JCK.
Strong US dollar negatively impacts Tiffany results
Tiffany & Co. has reported its financial results for the twelve month and fourth quarter period ended January 31, which showed that the strength of the US dollar has negatively affected sales and earnings.
De Beers officially jumps into the diamond buyback business
Now any consumer with unwanted diamond jewelry can sell it to De Beers. De Beers has given the go-ahead to its diamond buyback company—the International Institute of Diamond Valuation (IIDV)—after an 18-month pilot.
De Beers Millennium 10.1-carat oval blue diamond may fetch $35 million at auction
Auction house Sotheby’s has announced that it will auction the De Beers Millennium Jewel 4, an internally flawless vivid blue diamond weighing 10.1 carats.
Short-term diamond markets – insights
The Hong Kong show that ended March 7 revealed a diamond industry that is focused on the very short term. Dealers who spoke with Rapaport News were relatively upbeat about the exhibition, but uncertain of market developments in two-to-three months.
Signet’s plan to source diamonds responsibly: how it works
Suppliers will be asked to account for the origin of as many 0.3 ct. and larger stones as possible. As promised last week, I am taking a more in-depth look at Signet’s Responsible Sourcing Program for Diamonds.