Signet Jewelers Limited reported a 10.8 percent increase in sales to $797.6 million in the second quarter. Same store sales at the world's largest specialty retail jeweler popped 9.9 percent in the period.
A 32.77 carats fancy vivid yellow diamond will be offered at Christie’s Magnificent Jewels auction in New York on October 18. The diamond is expected to find a buyer willing to pay more than $6 million, the auction house believes.
According to Christie’s, the diamond's color is highly saturated. “The vivid yellow literally blazes with color, unlike any yellow diamond I’ve ever seen,” said Rahul Kadakia, Christie’s Head of Jewelry for Christie’s Americas.
BHP Billiton, owner of the Ekati diamond mine, reported revenues of $1.01 billion from diamond sales in the fiscal ear ending June 30, 2011, a 12.1 percent increase from the previous year.
Namdeb is initiating legal action against a number of union officials and unionized workers. The step is the latest in a deteriorating battle between the diamond-mining firm and a group of employees.
New government data has boosted the size of the U.S. jewelry industry by about 5 percent, restoring it to its former level of $65 billion in the peak sales year of 2007.
Israel’s net polished diamond exports in July totaled $713.8 million, rising 39.4 percent compared to June and by 57.4 percent year-over-year, based on Central Bureau of Statistics figures.
The Antwerp World Diamond Centre (AWDC) is joining the battle against famine in the Horn of Africa and other humanitarian disasters by supporting the Belgian Consortium for Emergency Relief, 1212.
Rio Tinto Diamonds is launching a design competition. The competition is aimed at inspiring creativity and innovation across four categories of diamond jewelry design.
A 43.51-carat fancy intense yellow diamond that was forfeited to the U.S. government will be auctioned next month. The diamond is a modified rectangular brilliant cut and internally flawless.
