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BlueRock resumes production at SA diamond mine

BlueRock Diamonds has resumed production at its Kareevlei diamond mine in South Africa after identifying a fault in the cone crusher within the crushing circuit, which has been affecting throughput.

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ALROSA launches football collection of diamonds on the occasion of 2018 FIFA WORLD CUP RUSSIA TM

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Diamcor revises offering to C$3,5 mln

Diamcor Mining has decided to reduce the size of the previously announced non-brokered private placement of up to C$5 million to C$3,5 million as it managed to source vendor financing for a portion of the equipment being installed at the Krone-Endora...

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The School of Jewelry Arts offers its courses in the heart of Paris

This summer L’École des Arts Joailliers (The School of Jewelry Arts) launches a session of courses to learn from jewelry, taught in English or French, according to a note from the School.

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Global sales of diamond jewelry have grown by 7% in Q1

In Q1 2018, sales of jewelry with polished diamonds in the main global consumer markets have grown by 7% as compared to the last year. This is evidenced by the analysis conducted by ALROSA experts based on the data of retailers and the states'...

22 june 2018

Chinese and Indian Consumers Want Different Things From Luxury

12 march 2018
(Jing Daily) - “The world is changing, the economy is changing, the geography of luxury is changing,” said François Le Troquer in 2012, back when he was managing director of Cartier UK. The comment came at the official launch of a Cartier short film in which the Cartier panther travels across China and India, big developing economies whose luxury markets have since evolved in different directions. India and China opened their doors to foreign retail in the late 20th century and both countries slapped a high import duty and tax on luxury goods, making the products much costlier to buy domestically.  While in the last three decades, Chinese luxury sales have risen to occupy the number one spot worldwide at 32 percent, India lags behind, one of the last big frontiers with vastly untapped potential for luxury consumption. Currently just seven percent of the Chinese luxury market, the Indian luxury market is growing at a Compound Annual Growth Rate (CAGR) of 25 percent. The country has added around 500 new ultra high-net-worth individuals (those with investable assets of at least $30 million excluding personal assets and personal property) annually over the past decade, and over the next decade that number will double to approximately 1,000 per year. Undoubtedly both countries’ luxury markets and broader economies are at different stages, contributing to different perceptions and attitudes towards luxury. Here are four key differences.

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