June 23, 2011

WGC launches initiative to combat conflict gold

The World Gold Council (WGC) produced a draft framework of standards designed to combat gold that enables, fuels or finances armed conflict. The standards, which were compiled together with the…

June 23, 2011

IDEX Online Research Rough Diamond Market Report: Is Rough Chasing Polished Now?

The rough diamond sector is on fire. Traders are buying rough, willing to pay prices that they have not imagined possible just a few months ago. DTC's decision to raise…

June 23, 2011

Tiffany appoints new CFO, Fernandez promoted to COO

Tiffany & Co. today announced the appointment of Patrick F. McGuiness as senior vice president and chief financial officer. Outgoing CFO James N. Fernandez has been appointed to the newly-created…

June 23, 2011

GIA Scholarships Expand International Reach in 2012

The GIA (Gemological Institute of America) started accepting scholarship application for 2012, saying it is increasing the number of scholarships and doubling the number of international locations where On-Campus programs…

June 23, 2011

IDEX Online Research: U.S. jewelry sales pick up in April

Jewelry and watch demand strengthened significantly in April in the U.S. market. New data indicates that total jewelry and watch sales rose by 11.2% over the same month a year…

June 23, 2011

69 BDB Offices Sold in Second Online Auction

In a second online auction that ran June 14-21, the Bharat Diamond Bourse (BDB) sold another 69 offices at its campus in the suburban Bandra-Kurla Complex in Mumbai.

June 22, 2011

Botswana Diamonds chairman increases stake to over 9%

Entrepreneur John Teeling has increased his holding in Botswana Diamonds - the Southern and Central Africa focused diamond and precious metal exploration company. Teeling, who is the Chairman of Botswana…

June 22, 2011

Alrosa Production, Prices Up in Q1, Revenues Total $1.1B

Alrosa’s first quarter of the fiscal year ended with a 5% decline in revenue, 29.6 billion rubles ($1.06 billion) despite rising rough diamond prices. Net profit for the period has…

June 22, 2011

India Polished Exports Rise in May

India’s gross polished diamond exports totaled $2.22 billion in May, growing 14.2% from last year, according to preliminary figures released by the GJEPC. By volume, exports increased by 17.7% to…

June 22, 2011

JA’s Political Action Committee to Hit Capitol Hill

Jewelers of America (JA) leaders and board members of JAPAC, the Jewelers of America Political Action Committee, will today (Wednesday) with U.S. legislators in Washington, D.C.