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cartier
U.S. Jewelry & Watch Sales Flat in February
U.S. jewelry and watch sales across all channels were basically flat, or down 0.2 percent year on year, at $6.188 billion in February, according to preliminary figures. Data revealed that jewelry sales were unchanged from...
Research Mar 30, 2015 Jeff Miller
AWDC
Press Release: AWDC Addresses New Tax System in Belgium
Press Release: The Antwerp World Diamond Centre (AWDC) has taken note of the government decision to introduce a tax system that is calculated on a lump-sum basis. “Diamantaires are willing to pay higher taxes in exchange for financial...
Financial-Legal Mar 30, 2015 AWDC
Peregrine Diamonds
Peregrine Diamonds Acquires DES Botswana
Peregrine Diamonds Ltd. entered into an agreement to acquire all of the shares of Diamexstrat Botswana (DES Botswana), a private diamond exploration and development company, from Diamond Exploration Strategies (DES UK) Ltd. DES Botswana's primary...
Mining Mar 30, 2015 Jeff Miller
Bank
Banks Need More Transparency From the Diamond Industry
Antwerp World Diamond Centre's (AWDC) keynote speaker, Herman Van Rompuy, the former European president, told industry attendees at a financing seminar on March 27 that no one can bypass market rules anymore. And this advice...
Financial-Legal Mar 30, 2015 Marc Goldstein
abn amro
ABN Amro's Board Abandons Bonuses After Public Outcry
The six members of ABN Amro's managing board renounced their $108,000 (EUR 100,000) bonus for 2014 following public outcry. ABN Amro has been nationalized since 2008; however, it is intending to go public again as early...
Financial-Legal Mar 30, 2015 Jeff Miller
Cartier
Richemont and YOOX Discuss Net-A-Porter Deal
Compagnie Financière Richemont SA confirmed that discussions are underway with YOOX S.p.A. regarding a potential business combination between YOOX and The Net-A-Porter Group Ltd. However, Richemont provided no further details and told shareholders...
Financial-Legal Mar 30, 2015 Jeff Miller
Israel Diamond Exchange
Press Release: Tzoffey's to Hold Rough Diamond Tenders in Israel
Press Release: Tzoffey's 1818, the Israeli-French auction house, will hold two separate tenders of rough diamonds during the upcoming the International Rough Diamond Week that will be held April 12 to 16 in Ramat Gan. One...
Rough Markets Mar 30, 2015 IDE
chow sang sang
Chow Sang Sang's Revenue -23% in 2014
Chow Sang Sang Holdings International reported that group revenue fell 23 percent year on year to $2.5 billion (HKD 19.25 billion) in the fiscal year that ended on December 31. Sales were impacted by weaker consumer...
Retail Mar 30, 2015 Deena Taylor
AWDC
Press Release: Belgian Court Returns Diamonds to Zimbabwe
Press Release: The final installment of 500,000 carats of seized diamonds with an estimated value of a little under $29 million has finally been returned to Zimbabwe, bringing a complicated dispute to a close. Denying an attempt by a South African mining...
Financial-Legal Mar 29, 2015 AWDC
Pangolin Diamonds
Pangolin Raises $404K for Botswana Projects
Pangolin Diamonds Corp. completed a non-brokered private placement of 8,087,500 shares at 5 cents each gross proceeds $404,375. The funds will be used for drilling and sampling programs at the company's fully owned diamond projects in Botswana....
Financial-Legal Mar 29, 2015 Deena Taylor
Marange Rough
Zimbabwe's Diamond Exports Decline in 2014
(RAPAPORT) All Africa: Zimbabwe's annual diamond exports declined to 5.9 million carats last year from 8.9 million carats in 2013 after exhaustion of alluvial diamonds in Marange, figures from the Mineral Marketing Corporation of Zimbabwe...
Rough Markets Mar 29, 2015 All Africa
AWDC
Turkish Diamond, Jewelry Trade Delegation to Visit Antwerp in May
The Antwerp World Diamond Center (AWDC) organized a Turkish Visitor Program, in collaboration with HRD Antwerp and the Borsa Istanbul, for May 4 to 7 during which a top delegation of Turkish diamond jewelers, jewelry wholesalers and...
Marketing Mar 27, 2015 Jeff Miller
lovisa
Lovisa Acquires 21 Locations in South Africa
Fashion jeweler Lovisa Holdings Ltd. acquired 21 retail stores in South Africa for $1.6 million (AUD 2 million), more than doubling its retail footprint, and it plans to rebrand most of the shops upon takeover on April...
Retail Mar 27, 2015 Jeff Miller
jewelers security
Jewelers Mutual, Jewelers Security Alliance Schedule Two Safety Webinars
Jewelers Mutual Insurance and the Jewelers Security Alliance (JSA) will provide an overview of 2014 jewelry crime statistics and analysis of trends in criminal activity targeting jewelry businesses during two free webinars in April. JSA's...
Research Mar 27, 2015 Jeff Miller
Botswana Diamonds
Teeling Says Diamonds Shine in a Resource World Filled With Gloom
Botswana Diamonds reported a loss of $221,000 (GBP 149,000) for the six months that ended on December 31, which was down from a loss of $350,000 (GBP 235,000) one year earlier. The company's chairman, John...
Mining Mar 27, 2015 Jeff Miller
stellar diamonds
Stellar Diamonds Narrows Loss, Seeks to Raise $20M
Stellar Diamonds reported a loss of $934,928 for the six months that ended on December 31, compared with a loss of $1.55 million one year earlier, primarily due to lower administrative costs. During the fiscal period,...
Mining Mar 27, 2015 Jeff Miller
star orion
Shore Gold Narrows Loss in 2014
Shore Gold Inc. recorded a loss of $3 million for the financial year that ended on December 31, compared with a loss of $5.6 million in 2013. Losses were primarily due to ongoing operating costs and exploration and...
Financial-Legal Mar 27, 2015 Jeff Miller
dgse
DGSE Closes Quarter With a Profit of $272K
DGSE Companies Inc. reported that revenue fell 13 percent year on year to $18.1 million in the fourth quarter that ended on December 31. Nonetheless, DGSE stated that it continues to experience growth across its jewelry business,...
Financial-Legal Mar 27, 2015 Jeff Miller
Kenneth cole
Kenneth Cole Introduces Smartwatch Collection
Kenneth Cole and the Geneva Watch Group launched the Kenneth Cole Connect™ Smart Watch Collection, joining the wearable technology craze. This smartwatch will be available in stores beginning April 2015. "As a designer,...
Watches Mar 27, 2015 Jeff Miller
Koffiefontein Diamond
Realigning Inventory
The middle of the diamond distribution chain is struggling to align itself with new, lower levels of wholesale demand. The result is that manufacturers and polished diamond dealers continue to be squeezed despite growth in consumer demand. Therefore,...
Polished Markets Mar 27, 2015 Avi Krawitz
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