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...

Today

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.

Today

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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Hong Kong Show Reflects Slow Chinese Demand

30 september 2019
(diamonds.net) - The timing of the September Hong Kong Jewellery & Gem Fair was unfortunate, coming amid a wave of anti-government demonstrations in the city. But for many participants, the political tensions were masking the bigger issue: Chinese demand has slowed, compounding the wider problems in the diamond industry. The trade war, the depreciation of the Chinese yuan currency, and high gold prices have reduced the buying power of companies and consumers in the country, exhibitors noted at the fair. Trade customers are mostly unwilling to buy for stock or make advance bulk orders, as they want to keep their inventory down. Some Chinese jewelers believe they can get better deals if they wait for polished prices to fall further.