US Holiday jewelry sales expected to skyrocket

According to Mastercard SpendingPulse, US jewelers can expect revenue from jewelry sales in the US between November 1 and December 24 will grow 59% compared to the same period last year.

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Australia becomes world’s biggest producer of gold for first time

Australia has become the world’s biggest producer of gold for the first time, having played second fiddle to China for the last decade. Australia unearthed 157 tons of gold in the first half of the year, pipping China by four tonnes.

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Nigerian minister mulls death penalty for gold smuggling – report

Nigeria’s deputy minister in charge of mines and steel development has called for the death penalty for gold smuggling in the West African country.

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Gemfields back to black

Gemfields is expected to register a net profit after tax of $23.8-million in the first half of the year compared with the net loss after tax of $56.7-million, a year earlier. Earnings per share are expected to be 2 US cents from a loss per share of 4...

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Debmarine Namibia's new diamond recovery vessel to arrive in SA next week

Debmarine Namibia’s new N$7 billion diamond recovery vessel, Additional Mining Vessel #3 (AMV3), is expected to arrive in Cape Town, South Africa next week ahead of commissioning early next year.

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Signet Makes Inspired Turnaround

26 july 2021

(diamonds.net) - Cutting through the corporate jargon that is typical of its earnings reports and strategic plans, Signet Jewelers — under the leadership of CEO Gina Drosos — has a clear vision of its objectives and the role it plays in the sector. “We want to be — and to lead — the change we want to see in our industry and in the world,” Drosos wrote in the company’s annual report for fiscal 2021, which it published in May. In addition to outlining the jeweler’s performance during the pandemic, this report summarized the success of the retailer’s Path to Brilliance program, which had just ended, as well as the objectives for its follow-up plan: Inspiring Brilliance. More recently, it has complemented this insight with the release of its sustainability goals for 2030, focusing on its love for people, its team, its products and the planet.