‘Botswana Diamonds on track to become diamond producer by mid-2019’

Botswana Diamonds said it is on course to commence bulk sampling and to produce diamonds at the Thorny River project, in South Africa by mid-year.

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Hong Kong company awarded Guinness World Record at Baselworld

Coronet was recognised by the Guinness World Records for its ‘Mudan’ watch which was unveiled at Baselworld 2019, the prestigious Swiss watch and jewellery trade fair.

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Worldwide jewelry sales rise by 4% in 2018 - ALROSA

Global sales of diamond jewelry grew by 4% in 2018 compared with last year and amounted to $85.9 billion.

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Zim commissions diamond exploration project in Masvingo Province

Zimbabwe has commissioned a diamond exploration project in Chivi and Mwenezi districts in Masvingo Province to establish the extent of diamond deposit in the area, a local daily reports.

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RAPAPORT organises melee auction in Belgium

Rapaport Auctions is organizing a melee auction in Belgium from March 25-27, AWDC reported.  

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Signet Jewelers Fined $11M Over In-Store Credit Cards

21 february 2019
(National Jeweler) - Signet Jewelers has agreed to pay $11 million in fines after its in-store credit practices caught the eye of regulatory agencies, though the jewelry giant has not admitted to any wrongdoing. Sterling Jewelers, the unit comprised of Kay Jewelers and Jared the Galleria of Jewelers along with a few regional brands, has been ordered to pay $10 million to the U.S. Consumer Financial Protection Bureau and $1 million to the office of New York Attorney General Letitia James. James accused the company of pushing employees to sign customers up for in-store credit cards by setting sign-up quotas and linking the number of customers signing up to employees’ performance reviews and compensation.