RZM Murowa diamond output dips as high-grade resources deplete

RZM Murowa produced 579 000 carats in 2020 from its operations in Midlands, Zimbabwe compared with 685 000 carats produced, a year earlier. Its parent company RioZim attributed the lower production to the processing of the low-grade K2 resources after...

Today

India’s gem and jewellery exports decline by 28.46% in FY ’20 – ‘21

A decline of 28.46% to $ 25.31 bn is seen in the overall exports of gem and jewellery in FY 2020-21 compared to $ 35.37 bn in the fiscal year 2019-20 as per the data issued by The Gem and Jewellery Export Promotion Council (GJEPC).

Today

GSI opens new laboratory in Jaipur India

Gemological Science International (GSI) has announced the opening of its newest laboratory in Jaipur, India. The Jaipur laboratory will offer all GSI’s core services.

Today

Forevermark brand introduces ‘Forevermark Icon™ Collection’

Forevermark, the diamond brand from De Beers Group, introduces the Forevermark Icon™ collection, a celebration of the brand’s distinctive ‘icon’ motif, which has been intrinsic to its DNA since its inception, says a press release from the company.

Today

Tanzania takes leadership of African Diamonds Producers Association

Tanzania has assumed the leadership of the African Diamonds Producers Association (ADPA) from Namibia. The country’s minerals minister Dotto Biteko will chair the association for a year.

Yesterday

The “Swiss Made” Designation Can Lead to a 50 Percent Increase in Value for Luxury Goods

07 april 2021

(thefashionlaw.com) - What do Rolex, Cartier, Breitling, Audemars Piguet, Jaeger-LeCoultre, Chopard, and Patek Phillipe, for instance, have in common? Their watches benefit from a certain status and an esteemed geographic indication that comes with being Swiss made. After all, “It is no secret that Swiss products and services enjoy a great reputation both at home and abroad,” according to Swiss trademark attorney Milana Pantelic, who notes that the “Swiss made” reputation centers on “high quality, tradition, precision, luxury, high technology, innovation and reliability.” That reputation and the goodwill associated with the “Swiss made” designation is derived, in large part, from the aforementioned watchmakers’ (and others’) enduring investment in “quality, tradition and durability,” Deloitte stated in its Swiss Watch Industry Study last year, with “the time-honored quality and tradition of Swiss watchmaking maintaining its importance” over decades (and even centuries in some cases), both from an initial point of sale perspective, and increasingly, in the pre-owned market, thereby, translating to striking demand and increasingly expensive price tags.