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Trade Bodies Relaunch Cost of Business Survey

Author: unknown - Published 05-09-2019 13:44
Jewelers of America (JA) has partnered with the Jewelers Board of Trade (JBT) to launch the Retail Jewelers Benchmarking Study, replacing the JA’s Cost of Doing Business Survey last published in 2015.

Gold inches higher, eyes best month in three years

Author: unknown - Published 30-08-2019 14:21
Gold erased early losses to trade slightly higher on Friday and was headed for its biggest monthly gain in over three years as concerns about a slowdown in global growth and hopes for rate cuts by central banks worldwide boosted safe-haven bids.

NCDIA To Hold Natural Color Diamonds Seminar At Hong Kong Fair

Author: Albert Robinson - Published 30-08-2019 13:19
The Natural Colored Diamond Association (NCDIA) will be holding a seminar entitled, “Natural Color Diamonds - Unique and Full of Surprises” at the September edition of the Hong Kong Jewellery and Gem Show.

Rapaport Weekly Market Comment

Author: unknown - Published 29-08-2019 15:32
Suppliers preparing for Hong Kong show amid uncertainties about buyer attendance. Weak Chinese sentiment due to trade war and yuan depreciation (-4% in Aug. to CNY 7.1/$1). Tourist spending declines, with Tiffany & Co. 2Q sales -3% to $1B, earnings -6% to $136M. Chow Sang Sang 1H retail revenue +1% to $1.1B, profit +2% to $78M after strong start to 2019, but double-digit slowdown when Hong Kong protests began in June. Inventory levels declining due to reduced manufacturing, despite sluggish polished trading. Rough market very quiet after $280M De Beers sight. Trans Hex CEO Llewellyn Delport resigns as mid-scale miners struggle to stay afloat in current weak market.

GJEPC Mulls Separate Lab-Grown Membership

Author: unknown - Published 29-08-2019 14:29
India’s Gem and Jewellery Export Promotion Council (GJEPC) is considering a new membership category for lab-grown-diamond traders in a further attempt to keep better tabs on the trade.

Alrosa to hold another True Colors Auction

Author: unknown - Published 25-08-2019 14:28
Alrosa, a world leading diamond miner, will hold its annual True Colors auction of fancy color diamonds for the second time in upcoming September. Alrosa held its first auction for fancy color diamonds in 2018 as part of its strategy to become a recognized, authoritative source for fancy color diamonds.
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