Archives for Jewellers - Page 10
Forevermark Not Seeking Indian Market Expansion But Being First Choice
“We are not looking at increasing the Indian consumer’s investment in diamonds. We are positioning ourselves to be the consumer’s first choice in the segment,” says Forevermark Managing Director for…
Indian Consumers Offered Systematic Investment Plan For Diamonds
In the latest initiative on on using diamonds as an investment instrument, the Indian Commodity Exchange (ICEX) will launch a systematic investment plan (SIP) for retail buyers to acquire diamonds…
PANDORA Q2 Revenue +12% To $761M, But US Market Remains Challenging
Copenhagen-based mass-market jewellery brand PANDORA reported a 12 percent year-on-year growth in revenue to $761 million (DKK billion), while pre-tax earnings of $ million (DKK billion), translating to a percent…
Gemfields Reviewing Future Plans In Light Of Record Debt
Coloured gemstone producer Gemfields, which has been delisted from the London Stock Exchange’s Alternate Investment Market (AIM) and is now a subsidiary of Pallinghurst Resources, says it is in the…
Zimbabwe High Court Halts ZCDC Operations Over Environmental Clearance
The Zimbabwe High Court ordered the state-owned Zimbabwe Consolidated Diamond Company (ZCDC) to immediately stop all mining operations until it had been issued a Environmental Impact Assessment (EIA) certificate. The…
Jewellery Segment Nearly Doubles Titan Q1 Profit To $37M
Titan, the jewellery and watchmaker owned by the giant Tata group, reported a net profit of ₹238 crore ($ millioin) for the first quarter ended June 30, nearly double the…
Rio Tinto Diamonds H1 Net Earnings -13.6% To $19M On Revenue Of $340M
Rio Tinto reported net earnings of $19 million on gross revenue of $340 million from its Diamond mining operations over the first six months of this calendar year. This is…
De Beers To Hold More Polished Diamond Auctions In August
De Beers today announced that its Auction Sales business will run further polished diamond auction events in August, following the success of the initial events in late June. The next…
5.4-Carat Diamond Stolen From IIJS Recovered At Mumbai Airport
A diamond worth $53,000 (₹34 lakh), that was stolen from an exhibitor’s booth at the recently-ended India International Jewellery Show (IIJS), was recovered from two Chinese nationals who were arrested…
De Beers Adds Three New Faces To Executive Committee
De Beers today announced three new additions to its Executive Committee. Ann Cormack will succeed Arthur Hewett as Executive Head, Human Resources in October; David Prager will become Executive Vice-President,…