ABN AMRO predicts uncertain future for diamond industry

The global diamond industry has moved from a relatively stable environment to a highly uncertain environment due to lab-grown diamonds, according to The Diamond Insights report published by ABN AMRO Bank recently.

Today

Signet registers drop in its sales during the holiday season

Signet Jewelers Limited, the world's largest retailer of diamond jewelry, has announced its sales results for the holiday season, that ended January 5, 2019.

Today

ALROSA earns $463 mln at international auctions in 2018

In 2018, ALROSA, the largest diamond mining company in the world, held 32 international auctions for special size (over 10.8 carats) rough diamonds, receiving a total revenue of $463 million for the year.

Today

TDC warns entities declaring bankruptcy and restarting business without discharging liabilities

The Trade Disciplinary Committee set up in India has issued a circular for members of the respective organisations intimating them that action will be taken against entities which have declared bankruptcy/insolvency, and continue to conduct business...

Yesterday

Angola extracted 9.43 mln carats of diamonds worth $1.2 bln in 2018 – report

Angola produced 9.43 million carats worth $1.2 billion in 2018, according to Macauhub citing the state-owned diamond company Endiama.

Yesterday

Parent of Kay Jewelers Has Work Left to Make Bling Sing

04 january 2019
(Bloomberg) - December brings many seasonal rituals: Swilling eggnog, bopping to “Jingle Bell Rock” and, of course, seeing a gazillion Kay Jewelers ads on TV. The chain is always out in force at this time of year, and for good reason: Jewelry stores, in general, generate a greater share of their annual sales during the holiday rush than many other retail segments. Jewelry stores get a greater share of their sales during the November and December rush than most other types of retailers. In early December, investors learned that Kay’s corporate parent, Signet Jewelers Ltd., entered this important season in a bit better shape than analysts had expected. The company, which also includes the Zales and Jared jewelry chains, bumped up its full-year same-store sales guidance after it delivered a 1.6 percent increase in quarterly comparable sales over a year earlier, its second consecutive period of growth on this measure. Still, don’t count on shoppers giving the company the gift of a turnaround this holiday season.