Angola seizes stake in diamond miner
Image: Catoca.com Angola has seized a stake in the nation’s biggest diamond miner Catoca, giving it majority control of one of the
Chow Tai Fook boosted by China expansion
Chow Tai Fook sales surged in the fiscal first half as the company added a net 624 new locations in mainland China.
Natural diamonds also set out to conquer China
In just one generation, China has gone from being a manufacturer for the West to a more prestigious new luxury Eldorado.
Chinese consumer gives Antwerp diamond much-needed boost
As a result of the corona crisis, trade in the Antwerp diamond sector was hit hard once again last year. However, the
China cracks down on diamond smuggling
China has arrested 121 people suspected of bringing CNY 3.88 billion (around $570 million) in diamonds into the country through illegal channels
Luxury market: contraction expected of up to -35% in 2020
Luxury goods sales will fall by 20-35% this year as the slowdown due to coronavirus is expected to continue, Bain & Company
China: falling demand puts pressure on the diamond industry
Giants De Beers and Alrosa have seen their sales of rough diamonds plummet since the outbreak of the coronavirus epidemic in China.
Coronavirus is currently wreaking havoc on the diamond market
The interruption of sales in China, where the new coronavirus is rampant, has significantly slowed demand in the diamond market. Its players
Young Chinese consumers buy more diamond jewelry
Shifting perceptions, changing relationship dynamics and e-commerce are the main factors contributing to this clear evolution among young Chinese consumers.
Trade war: jewellery is now an official part of it
President Donald Trump’s decision, in the context of the ongoing trade war with China, to impose 10% import duties on $300 billion