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.
Diamonds and Gemstones Beat Pre-Sale Estimates At Bonhams New York Sale
The top performing lot during Bonhams December Fine Jewelry sale was a diamond ring which sold for $828,500 compared with its pre-sale estimate of $400,000-$600,000.
Coming from a private collection, it was the first time the 18.04-carat emerald-cut diamond had come to auction.
Judge Orders Signet to Face Securities-Fraud Lawsuit Filed By Shareholders
A federal judge in New York has ordered that Signet Jewelers Ltd. face a securities-fraud lawsuit filed by shareholders alleging the company misled them about the performance of its credit portfolio and allegations of sexual discrimination.
GJEPC Holds First India Jewellery Buyer-Seller Meet In Kolkata
Buyers from Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA visited to look for India jewelry sources.
The Gem and Jewellery Export Promotion Council (GJEPC) organized a two-day India Jewellery Buyer-Seller Meet on December 4 and 5 in Kolkata for leading jewelers from participating countries such as Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA.
A bourse whose members deal in diamonds, precious stones or jewellery is entitled to apply for membership of the WFDB provided they have been established for at least one full year under a written constitution, have a clearly designated and representative governing body, and are able to prove their means of subsistence.
Members of the bourses affiliated to the World Federation of Diamond Bourses pledge themselves to uphold the traditions, principles of mutual trust, consideration and friendship which prevail among the members of the bourses world-wide.