China restricts gold imports as trade war intensifies

China has banned imports of gold since May, aiming at curbing outflows of dollars and bolstering China's yuan currency as economic growth slows.

Today

Tiffany & Co. launches new men’s collections

Tiffany & Co. announced the launch of Tiffany Men’s, the luxury house’s newest dedicated men’s collections.

Today

ALROSA’s net profit in Q2 down 47% y-o-y

ALROSA, the world’s leader in diamond mining, announces its IFRS financial results for Q2 2019.

Yesterday

Lab-grown Diamond Jewellery Show debuts with aplomb in Mumbai

The Lab-Grown Diamond and Jewellery Promotion Council (LGDJPC) concluded its debut International Labgrown Diamond Jewellery Show (LDJS) with much hope and enthusiasm.

Yesterday

Mountain Province Diamonds received Nasdaq notification regarding minimum bid price compliance

Mountain Province Diamonds Inc. announced that it has received notification from Nasdaq Stock Market LLC ("Nasdaq") that it is not in compliance with the minimum bid price requirement set forth in Nasdaq Rules for continued listing...

Yesterday

Online sales boost luxury goods group Richemont’s earnings

30 january 2019
(The BusinessDay) - Johann Rupert’s Richemont, the luxury goods group that was initially cautious about e-commerce, has seen online businesses YOOX Net-a-Porter (YNAP) and Watchfinder giving its earnings a handy boost. The Swiss-based group, which owns, among others, the Cartier and Van Cleef & Arpels brands, said YNAP’s contribution was the main reason sales were up 25% to €3.91bn for the third quarter to end-December. The contribution of Richemont’s online operation offset a somewhat sluggish retail operation whose sales rose a modest 7% to €2bn. Sales for its wholesale operations only increased 1% to €1.1bn. By comparison, online sales surged from €59m to €694m. Prior to the acquisition of YNAP, the group’s online sales contributed only 1% to total sales, but now make up close to 18%.