Thai coloured stones and silver jewellery sector looks to China for growth

The Commercial Consul, Royal Thai Consulate General in Shanghai has commented on the considerable potential for Thai jewellery to penetrate the Chinese market, adding that coloured stones and silver jewellery are gaining in popularity among young Chinese...

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ALROSA sold 102 diamonds during its May online tender

ALROSA sold 102 diamonds from boxes of 5-10 carats during its online tender, which took place from May 15 to May 29, 2020.

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Hong Kong’s jewellery sales dip 77 % in April 2020

According to Hong Kong’s Census and Statistics Department, Hong Kong’s jewellery sales dropped drastically in April, despite the markets opened up after COVID-19 threat.

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Petra Diamonds Q3 revenue slides 32% to $91.3M

Petra Diamonds, which has operations in South Africa and Tanzania, says its third quarter revenue for the fiscal year 2020 eased 32% to $91.3 million compared to $135.2 million, a year earlier mainly due to reduced prices recorded at the March tender...

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Synthetic diamond manufacturers clash over patents

The lawsuit between the companies producing synthetic diamonds is subject to further consideration, since there are sufficient grounds for litigation regarding the methods of production and processing of stones.

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Bruce Cleaver: De Beers CEO mines a tricky seam

24 september 2019
(ft.com) - Bruce Cleaver is not your typical miner — a former partner at one of South Africa’s top law firms, the tall and cerebral CEO of De Beers is more at home discussing strategy in the boardroom than assessing operations at a mine. “He hasn’t got acres of dirt under his fingernails,” one banker says. But as the diamond industry faces multiple challenges, from an uncertain global economy to the growth in popularity of diamonds that can be made in a laboratory for a fraction of the cost of digging them up, strategy may be just what is needed.