India's Top Global Exports: Smartphones Overtake Diamonds
May 21, 25
Smartphones have overtaken polished diamonds to become India's second biggest global export. Foreign sales for 2024-5 totaled $24.14bn, as the government's Production-Linked Incentive Scheme encouraged manufacturers - primarily Apple and ... Read More...
Turning Old iPhones into Gold Jewelry
May 20, 25Sisters Alice and Karen Chave are turning gold salvaged from old iPhones, laptops and other "electronic waste" into fine jewelry. They partner with companies that specialize in recovering precious metals from e-waste circuit boards and have launched a... Read More...
$28m Emergency Funding as Lucara Sales Dip
May 20, 25Lucara is drawing down up to $28m in emergency funding for its underground mine expansion after reporting a slump in Q1 earnings and lowering its revenue guidance for the full year. The Vancouver-based miner received lender approval for the funds from .... Read More...
Petra Completes Sale of Williamson Mine
May 20, 25Petra Diamonds has completed its sale of the Williamson mine, in Tanzania, as it seeks to address liquidity challenges. The UK-based miner sold just under half its interest in the mine to Pink Diamonds Investments Limited, an affiliate of Taifa, long-term... Read More...
Richemont Jewelry Sales Surge, Watches Slump
May 20, 25Richemont reported an 8 per cent surge in jewelry sales in the year to 31 March, but saw revenue from watches slip 13 per cent. The Swiss luxury goods conglomerate said sales at its Cartier, Van Cleef & Arpels, Vhernier and Buccellati jewelry maisons... Read More...
Memo by John Jeffay
May 15Lee Wenham - hero or villain? Who on earth is Lee Wenham, you're asking. Ok, so he's hardly a household name, but he was the brains behind what was very nearly the world's biggest ever jewel robbery. A gang of raiders bulldozed their way into the Millennium Dome... Read More...