WDC urges extreme caution when exporting diamonds from CAR

The World Diamond Council (WDC) says the diamond industry should carry out enhanced due diligence when considering the purchase of goods believed to be emanating from the Central African Republic (CAR).

05 march 2021

BlueRock raises £1.5 mln to complete expansion project at Kareevlei

BlueRock Diamonds has raised £1.5 million through an oversubscribed subscription of 3,75 million new ordinary shares for 40 pence per share.

05 march 2021

Hong Kong’s jewellery retail sales dip 31.7% in January 2021

Due to the fourth wave of COVID-19 cases in Hong Kong, jewellery sales in the city dipped by 31.7 per cent in January 2021, but the pace of decline had eased slightly, as per the government data.

05 march 2021

Rio Tinto to see Board changes after forthcoming AGMs

Rio Tinto Chairman Simon Thompson has informed the Board that he will not seek re-election as a non-executive director at the 2022 Annual General Meetings of Rio Tinto plc and Rio Tinto. Sam Laidlaw, a senior independent director of Rio Tinto plc, and...

05 march 2021

RZM Murowa earmarks $450 mln to expand Zim operations

RZM Murowa (formerly Murowa Diamonds), a subsidiary of RioZim is set to invest $450 million to expand its operations in the Midlands Province, Zimbabwe, according to the state media.

04 march 2021

How Are Luxury Brands Juggling the Paradox of Exclusivity and Inclusivity?

17 february 2021

(Content Commerce Insider) - Following the recent online debut of their collaboration on the Prada Fall/Winter 2021 menswear collection, co-creative directors Raf Simons and Miuccia Prada engaged in a livestreamed conversation with college students from around the world, with students faces projected on enormous portrait screens, dwarfing the two designers. One student from Ghana asked whether luxury can exist in the absence of wealth, noting that in his country local artisanal craft is most valued. Miuccia Prada responded that fashion must evolve to be more open and accessible, closing with, “If you have anything to propose, stay in touch!” That exchange between a student and the head of a global fashion powerhouse illustrates a new level of approachability and inclusivity that has been emerging in the luxury industry.