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De Beers’ 2017 core earnings up 2pct despite drop in revenue

De Beers, which is 85 percent-owned by Anglo American, said its underlying adjusted earnings before interest, tax, depreciation and amortization (EBITDA) leaped 2 percent to $1.435 billion compared to $1.406 billion a year earlier despite lower...

Yesterday

Lucapa Diamond CEO perceives good start for rough diamond market in 2018

The rough diamond market has this year started off “very well” as high demand has seen prices go up in January, according to Lucapa Diamond chief executive Stephen Wetherall.

Yesterday

GJEPC and MIDC sign MoU for Jewellery Park in Mumbai

The Gem & Jewellery Export Promotion Council (GJEPC) of India and the Maharashtra Industrial Development Corporation (MIDC) signed a MoU for the setting up India’s largest Jewellery Park in Mumbai.

Yesterday

Stellar starts front end engineering, design for Tongo-Tonguma

Stellar Diamonds said it has started the Front End Engineering and Design study (FEED) for the underground mine development of the Tongo-Tonguma project in Sierra Leone.

Yesterday

DTCB plans to sort and value non-De Beers stones

Diamond Trading Company Botswana (DTCB) is looking into the possibility of taking diamonds from non-De Beers mines for sorting and valuing, Weekendpost quoted DTCB Managing Director Tobake Kobedi as saying.

Yesterday

E-Commerce Site Memo Lets Consumers Try Before They Buy

15 june 2017
(nationaljeweler.com) - Debra LaBudde has decades of experience advising companies on new and unexploited markets. So when she founded her own company last year, she focused on what she contends is just such an opportunity: fine jewelry. “I think there’s kind of an untapped market, believe it or not, for fine jewelry,” LaBudde explained. “(I saw) an interesting opportunity in the marketplace that, in my mind, hasn’t been well served, and that ultimately could create a larger market.” Memo is LaBudde’s answer to what she feels is missing in single-channel retail models—the tactile, personal access to jewelry that is found in a brick-and-mortar experience, coupled with the convenience and accessibility of online shopping. Memo’s “complimentary home try-on” period bridges this gap.

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