Non-Bridal Sales Boost Brilliant Earth's Sales
August 09, 26
Brilliant Earth's second-quarter sales rose 5.7% year on year to $115.1 million, as the U.S. jeweler benefited from higher average order values and continued growth in non-bridal fine jewelry. The result exceeded the company's guidance range, despite a 2.1% ... Read More...
Weird World: Staff Recover Jewelry Stolen by a Rat
August 09, 26Staff at a jewelry store in India were baffled when a dozen gold rings and chains went missing, with no sign of a forced entry. Then they checked the surveillance TV and were astonished to see the culprit was a rat. Workers later recovered the missing items... Read More...
Another Monthly Rise in Hong Kong Jewelry Sales
August 06, 26Sales of jewelry and other hard luxury goods in Hong Kong increased yet again in June for the 13th consecutive month. The year-on-year increase was 20.1%, to HKD 5.49 billion (USD 700 million), the Census and Statistics Department (C&SD) said in... Read More...
India set to Challenge Dubai, Antwerp with Foreign Tax Exemption
August 06, 26India's lower house of Parliament today (6 August) passed a Bill proposing a 15-year income-tax exemption for certain foreign companies selling qualifying rough diamonds through notified Special Notified Zones in Mumbai and Surat. The measure... Read More...
"We Underestimated Lab Grown Threat," says Anglo CEO
August 05, 26De Beers underestimated the threat from lab growns, ‌Duncan Wanblad, CEO of parent company Anglo American, admitted in an interview with the Financial Times (FT). "Hindsight would probably show that we might have wanted to have been a... Read More...
Memo by John Jeffay
August 06Pop star announces engagement to an NFL quarterback on social media, shares a picture of her ring online and sparks a frenzy of speculation about the size, cut and price of the diamond. Sounds familiar? No, it's not Taylor Swift. This time it's... Read More...