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Polished Markets
Movado Group 1Q revenue flat, profit -51%
The Movado Group reported that its sales were flat year-on-year at $120.4 million during the first quarter that ended April 30, 2015. The company, a Swiss watch maker headquartered in New Jersey, said...
Retail May 27, 2015 Ronen Shnidman
tiffany store
Tiffany & Co.'s Sales -5%, Profit -17% in 1Q
Tiffany & Co.'s revenue fell 4.9 percent year on year to $962.4 million in the first quarter that ended on April 30. Same-store sales fell 7 percent. Cost of sales declined 6.9 percent to $393.4 million and...
Financial-Legal May 27, 2015 Jeff Miller
hearts on fire
Hearts On Fire to Launch New Bridal, Fashion Designs at Couture
Hearts On Fire will debut more than 60 new fashion and bridal designs at the 2015 Couture Show in Las Vegas. The new designs bring the total of new collections from the brand's director of design,...
Marketing May 26, 2015 Jeff Miller
man made
IGI Certifies 10-Carat Diamond Grown With New Technology
The International Gemological Institute (IGI) Hong Kong certified lab-grown, 10.02-carat, E, VS1, type IIa, square, emerald-cut stone produced by New Diamond Technology LLC of St. Petersburg, Russia. The lab stated that the stone...
Technology May 26, 2015 Jeff Miller
GJF Adds Seven New Members to Committee of Administration
The All India Gems & Jewellery Trade Foundation (GJF) has restructured its committee of administration (COA) with seven new members who would be joining the 15 existing members. All the members represent not...
Marketing May 26, 2015 Zainab Morbiwala
ALROSA Recovers 78-Ct. Stone From Mir
ALROSA recovered a 78.02-carat diamond from its Mir kimberlite pipe. The company stated that the diamond's dimensions are 28.5 by 28.4 by 24.2 mm. This crystal has a regular shape with minor technogenic damages...
Rough Markets May 26, 2015 Jeff Miller
Trans Hex
Trans Hex Expecting Jump in Earnings
Trans Hex reported that earnings would jump eight-fold when the company announces its annual results on June 2.The junior diamond mining company expects earnings per share of between 14 cents and 15 cents (ZAR...
Mining May 26, 2015 Avi Krawitz
Press Release: Diacam360 to Debut at JCK Las Vegas Show
Press Release: DiaCam360, a small, portable, effective and affordable scanning device that creates high-quality photos and 360-degree, interactive videos of polished diamonds, will debut in the U.S. at the upcoming JCK Show in Las Vegas,...
Technology May 26, 2015 Shirtal Group
Press Release: WFDB Presidents Meeting to Focus on Financing, Profitability
Press Release: World Federation of Diamond Bourses (WFDB) president Ernie Blom said the participation of De Beers Group's CEO, Philippe Mellier, in the presidents meeting next month will serve to sharpen one of the biggest debates...
Manufacturing May 26, 2015 WFDB
Ecommerce Jeweler elumeo Plans IPO
Berlin-based electronic and broadcast jeweler elumeo Group plans an initial public offering (IPO) on the Frankfurt Stock Exchange, with Société Générale Corporate & Investment Banking and Baader Bank AG managing the IPO as joint...
Financial-Legal May 22, 2015 Jeff Miller
Charles & Colvard Introduces Moissy Social Channel
Charles & Colvard Ltd. launched a new media platform, Moissy.com, to spark interest in moissanite by curating editorial content, photography and by creating a community hub for new and former purchasers of the gemstone. The channel will...
Gemstones May 22, 2015 Jeff Miller
luk fook
Luk Fook Signs Sightholder Contract With De Beers
Luk Fook Holdings signed its three-year sightholder rough diamond sales contract with the De Beers Group of Companies for the period that ends on March 31, 2018. Wong Wai Sheung, Luk Fook's chairman...
Rough Markets May 22, 2015 Jeff Miller
JCK Las Vegas 2014
India to Highlight 'Make In India' Campaign at JCK
With India's gems and jewelry industry currently facing a slow period and summer vacations, all eyes are on the upcoming JCK Las Vegas show, which takes places between May 29 and June 1, 2015....
Marketing May 22, 2015 Zainab Morbiwala
van cleef arpels
Richemont's FY Revenue +4%, Profit -36%
Richemont's revenue increased 3.9 percent year on year to $11.5 billion (EUR 10.41 billion) in the year that ended on March 31. Sales measured at constant-exchange-rates rose 1 percent. Revenue from the retail division rose 4.1...
Financial-Legal May 22, 2015 Jeff Miller
Jewelry Prices
U.S. Jewelry Price Index -3% in April
The U.S. consumer price index (CPI) for jewelry dropped 3.3 percent year on year to 163.96 points in April, which was the lowest reading since December. Comparatively, the CPI for watches rose 1.6...
Research May 22, 2015 Jeff Miller
Angola Drops Defamation Charges Against Marques de Morais
Charges of defamation against journalist Rafael Marques de Morais in Angola were dropped on May 21 following an out-of-court settlement. The case stemmed from his 2011 book, "Blood Diamonds: Torture and Corruption in Angola," in which he documented the...
Financial-Legal May 22, 2015 Jeff Miller
Ekati Underground
Dominion Diamond's 1Q Rough Diamond Sales +7%
Dominion Diamond Corp.'s rough diamond sales rose 7 percent year on year to $187.7 million in the first quarter that ended on April 30. Revenue from the company's Ekati diamond mine jumped 37.3 percent to $127.4...
Rough Markets May 22, 2015 Jeff Miller
Rami Baron
Building Relationships in Australia’s Small, Competitive Market
Australia’s diamond trading community is relatively small but it operates in a stable and mature market. The Diamond Dealers Club of Australia (DDCA) aims to facilitate trade between local wholesalers and retailers while representing their needs...
Polished Markets May 22, 2015 Avi Krawitz
Las Vegas Strip
Dealing with Vegas
Expectations are rising for next week’s Las Vegas shows. The various diamond and jewelry trade events that take place each year toward the end of May tend to signal the mood of the...
Polished Markets May 22, 2015 Avi Krawitz
Market Comments 5/21/2015
All eyes on Vegas with rising expectations for JCK Show. Far East demand weak. Polished shortages supporting prices and improving dealer demand as Indian factories close for summer vacation. Rough stable even though cutting center profit remains problematic. Letšeng Jan.-May sales -9%...
Research May 21, 2015
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