DMCC announces Ambassadors of WDC’s System of Warranties

DMCC has announced that its Executive Chairman and Chief Executive Officer, Ahmed Bin Sulayem, and its Special Advisor - Precious Stones, Dr Martin Leake, have been appointed as ambassadors of the World Diamond Council’s (WDC) updated SoW initiative...

Today

WDC launchеd an upgraded and expanded System of Warranties

The World Diamond Council (WDC) has marked the 40th anniversary of the establishment by the United Nations of the International Day of Peace with the official public launch of its upgraded System of Warranties (SoW).

Today

Botswana Diamonds completes nine-hole drilling on Thorny River

Botswana Diamonds has completed its nine-hole drilling programme on the Thorny River property in South Africa. It said the objective of the hole drilling was to see if two kimberlite blows were one contiguous orebody, thus increasing the overall resource...

Today

Lifeline for small-scale chrome miners in Zim

Zimbabwe Zhongxin Smelting Company, a joint venture between a Chinese firm and the Zimbabwe Defence Forces, is constructing a $60 million smelting plant in Masvingo.

Today

Out of the deep blue: Buyers at Christie’s will have a chance to bid for Rolex Experimental Deep Sea Special N°1

Developed as a prototype for perfecting the Rolex diving watch concept, this Rolex Deep Sea Special N°1 was attached to the hull of Auguste Piccard’s bathyscaphe Trieste for the inaugural deep-sea trial to a depth of 3,150 meters in the Mediterranean...

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.