Headlines

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.

First ‘Diamonds Do Good Video’ Receives 11M Millennial Impressions

The short movie is the first of the Diamond Empowerment Fund’s new ‘diamonds do good’ video series.

‘Conservation’, the first video in the Diamond Empowerment Fund (D.E.F)’s new Real Stories, Real Diamonds, Real Impact campaign targeting Millennials, has garnered 11 million impressions in the first month alone, the organization said.