Shifting perceptions, changing relationship dynamics and e-commerce are the main factors contributing to this clear evolution among young Chinese consumers.
Revenues of Angola’s national diamond trading company, Sodiam, rose 3.9% year-on-year in the second quarter, with the government recording a separate rise in prices.
Claims against Omega Diamonds by customs dismissed
President Donald Trump’s decision, in the context of the ongoing trade war with China, to impose 10% import duties on $300 billion of Chinese products on 1 September will mean additional costs for products used by U.S. jewellers.
De Beers’ half-yearly revenues highlighted the many challenges facing the diamond trade and the rough market. But in addition to the sharp declines suffered by the mining company, CEO Bruce Cleaver and chief financial officer Nimesh Patel were persevering in their reporting: This too will pass.
The Alpha and Omega of the diamond business history and some savvy expertise
Tiffany & Co. will open its doors in India in an effort to capitalize on its already strong image and brand awareness in the country, the company said.
Pandora is about to unveil a complete overhaul of its branding, as it wants to get back in touch with consumers after disappointing sales figures.
LVMH reported double-digit revenue growth in the first half of the year, partly due to the strong performance of the watch and jewellery division.
Image: John Henne (left) and Holly Wesche (right). (Jewelers of America) Jewelers of America (JA) has elected Holly Wesche, a third-generation jeweller, to head the board of directors.