Angolan diamond cooperatives resume exploration

Angola has allowed 16 diamond exploration cooperatives to resume their operations that were halted last September during the country’s "Operation Transparency", according to local news reports.

15 february 2019

Petra Diamonds may take 5-10 years to clear Cullinan debt – report

Petra Diamonds, which acquired the Cullinan mine from De Beers in 2008, said it will take between five and 10 years from the opening of the new section to clear the debts related to the South African mine.

15 february 2019

No need for gemologists at DTC Botswana, Okavango Diamond – official

Botswana does not need gemologists at Diamond Trading Company Botswana (DTCB) or Okavango Diamond Company (ODC) as they are not involved in polishing and cutting of diamonds, a government official has said.    

15 february 2019

GJEPC presents The Artisan Jewellery Design Awards 2019

The Gem&Jewellery Export Promotion Council (GJEPC) presented The Artisan Jewellery Design Awards 2019 powered by GIA (Gemological Institute of America) and co-partnered by the DPA (Diamond Producers Association) on Feb 13, the...

15 february 2019

‘Qatar Show’ embraces evolution and growth for the 2019 edition

Organisers of the Qatar Show have announced the 16th edition of the exhibition, which will be held between 20 and 25 February at the Doha Exhibition and Convention Center (DECC).

15 february 2019

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%.