(jingdaily.com) - After losing an estimated $98 billion (672.4 billion RMB) in a single year due to counterfeiting, the luxury industry is embracing a tech-forward crusade to veto the imitation market. The sector may not be able to stop the production and sale of replicas, but it can make it easier for genuine luxury buyers to validate the real thing. For instance, the next time you buy a legitimate luxury handbag, chances are that it will come with its very own verifiable and traceable digital identity.
News
Norilsk Nickel plans another indexation of employees in July 2023
In the spring of 2022, the management of Norilsk Nickel, despite the complexity of the situation, decided not to reduce social programs and not to reduce remuneration. Indexation is also planned for employees this year.
Today
Platinum jewellery sales in the US declined by 7% YoY in Q4 2022
In MasterCard Spending Pulse’s reports, sales growth in the jewellery sector dipped by 3.8% YoY in October and declined by 5.4% from 1 November to 24 December in the USA.
Today
State visit highlights the successful partnership between the Antwerp diamond sector and South Africa
From the 22nd until the 27th of March, his and her Majesty, the King and Queen of Belgium, are on an official visit to the Republic of South Africa to emphasize the strong bilateral relations between both countries.
24 march 2023
Gemfields boosts revenue in 2022 despite macroeconomic pressures
Gemfields achieved record revenues of $341.1 million in 2022, up 32% compared to $257,7 million in 2021, mainly from the sale of rough emeralds and rubies.
24 march 2023
Gem Diamonds fails to find a buyer for Ghaghoo mine, faces closure
Gem Diamonds has failed to find a buyer for its Ghaghoo Diamond Mine in Botswana’s Central Kalahari Game Reserve (CKGR), which had been on care and maintenance since February 2017. Mmegi reports that the diamond miner, which is currently focused...
24 march 2023
