Headlines

Global Jewelry Sales Rose 4% In The Third Quarter, Says ALROSA

ALROSA, the world's leading diamond producer by volume, reported an increase in global jewelry sales 4% overall in the third quarter of 2018 – mostly due to a rise in sales in the United States.

There was a 4% sales increase in Q3 compared to the same period last year in North America, the largest diamond jewelry market, the miner said.

De Beers Reports Rough Sales Up Due to Indian Firms After Diwali

Diamond mining giant De Beers sold rough diamonds with a provisional value of $540 million in the 10th and final sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

The miner's two previous sales had both been below $500 million.

Zimbabwe's Mines Minister Says De Beers, Vast Resources To Be Allowed To Explore

De Beers and Vast Resources will be allowed to explore for diamonds in Zimbabwe, said the country's Mines Minister Winston Chitando.

That would make them the first listed companies to mine in the country for several years.

Dominion Reports 'Largest Diamond Ever Found In North

Dominion Diamond Mines said it has recovered the largest known gem-quality diamond ever found in North America weighing 552 carats.

The yellow Canadamark™ diamond was unearthed in October at the Diavik Diamond Mine, located approximately 135 miles south of the Arctic Circle in Canada’s Northwest Territories.

53M Americans to Buy Diamond between Thanksgiving and Valentine’s Day

New national survey demonstrates consumers’ desire for natural diamonds this holiday season, says DPA.

A survey released by the Diamond Producers Association (DPA) and KRC Research found that over 53 million Americans (21%) plan to purchase a diamond between Thanksgiving and Valentine’s Day, with men and millennials most likely to purchase them.

WFDB Blom: Indications of Strong Industry End-Of-Year Results

World Federation of Diamond Bourses (WFDB) President Ernie Blom says the diamond and jewelry industries appear to be heading for a strong end of the year according to import and export figures and other reports in recent weeks.

Hong Kong Posts Rise In Sales Of Jewelry Watches, Clocks And Other Valuable Gifts

Sales of jewelry, watches, clocks and other valuable gifts in Hong Kong increased by 3.3% on the year in October to HKD 6.868 billion ($878 million), reported the Census and Statistics Department.

The rise was higher than that recorded in September when Typhoon Mangkhut hit Hong Kong and the increase in jewelry sales was 2.2%.

Chow Tai Fook Reports 20% Revenue Increase, Profits Up 9%

Chow Tai Fook Jewellery Group Limited posted a 20% increase on the year in revenue to HK$29.7 billion ($3.8 billion) in its interim results for the six months ended 30 September.

The jeweler said the results were due to stabilizing consumer demand and reviving Mainland [China] visitation which fuelled the jewelry market.