Tiffany and Co. said to be the world’s second largest luxury jewelry retailer had a 62% fall in profits in the first-quarter, attributed to the global economic downturn.
Their sales in the U.S took the worst hit compared
Alrosa To Avoid Flooding The Diamond Market
In an effort to maintain world diamond prices, Russian diamond producer Alrosa will not flood the diamond market.
Alrosa has been building up a stockpile of diamonds since the fall in diamond prices last year.
Russia had
Facets Sri Lanka, September 2009
FACETS 2009, Sri Lanka’s International Gem and Jewellery Exhibition is to be held from 3rd to 6th September 2009.
Held annually in Colombo since 1991 with state and private sector patronage, FACETS Sri Lanka 2009,
Online Pawn Broker Raises 5 Million Pounds To Keep Up With Customer Demand
Borro .COM a leading UK based online pawnshop is trying to cope with increasing cusomer demands by raising 5 million pounds provided by investors. Some of the disclosed investors include Kreos Capital, Eden Ventures and the European Founders Fund.
Jewelry- Rappers Not Buying The Real Stuff Due To The Economic Downturn
Due to the economic downturn many rappers have resorted to buying imitation jewelry instead of the original stuff.
Rap artists have to live up to expection of their culture of wearing expensive jewelry and accessories which
Three Minute Gang Of Jewelry Thieves- Dallas Warned
Mall employees at Dallas (Northern Texas) were told to be on the lookout for the infamous three minute jewelry robbers. They are back after striking 10 years ago and stealing US$ 100 million worth of jewelry across 12 states,robbing
Argyle Diamonds To Cut Mining Jobs
Rio Tinto, the owner of Argyle diamond mine is to cut 121 jobs at the mine located in the Kimberly region of Western Australia.
The 121 workers include 87 company employees and 34 contractors. Mr Kevin McLeish the chief
Gem and Jewellery Institute Of Sri Lanka Adds Gem Identification To Its Growing List Of Courses
The Gem and Jewellery Institute Of Sri Lanka(GJI) a leading training institute and a non-profit organization is introducing a gem identification course. This course will also include practical sessions on identification
Antwerp Banks Okay Diamonds As Collateral
Due to the downturn in the economy the diamond industry has been hit, including the world’s most renowned diamond trading center, Antwerp. The Antwerp World Diamond Center (AWDC), which is the official representative
Indian Diamond Exports Hit Hard By The Recession
The Indian diamond export industry has been growing at 5 to 6% over the last few years, but has dropped by 8% in 2008/09 when compared to 2007/08 (US$ 13.02 billion to 14.2 billion).This drop has been attributed to the
