Zale Corp is asking its suppliers to purchase some of its jewelry in its inventory for cash. In exchange for the purchase the company is providing a pledge of future orders. However several retailers and merchants have already signaled their reluctance to agree to the proposal. According to the Wall Street Journal, Zale’s Chief Merchandising […]
According to Rapaport Diamond News, jewelry sales for valentine’s day is expected to drop by 4.6% when compared with the valentine’s day sales in 2009. This is according to data by the IBISWorld. Jewelry sales this valentine is expected to be around US$ 1.3 billion, while total valentine day spending is expected to be about […]
TanzaniteOne, a gemstone mining group has announced that it is expecting to make profits after the improvement in the market for tanzanite gemstones in 2009. Sales were down in early 2009 due to the global financial crisis. The company sold US$ 26.9 million in 2008. The total sale of gemstones for the year 2009 was […]
The China International Gold, Jewellery and Gem Fair, Shenzhen 2010 is expected to take place from the 9th to 12th of March 2010. A “Sri Lanka Pavilion” is to be organized at the Shenzhen fair by the National Gem and Jewellery Authority (NGJA) with the assistance of the Sri Lankan Embassy in China. The NGJA […]
1) A large blue sapphire found at Palmadulla, Sri Lanka (See photo above), weighing 250 carats. It is a corn flower blue sapphire of exceptional quality. 2) Splendor of Sri Lanka, large blue sapphire gemstone weighing 1.6 kg (See photo above) was found at Palmadulla. 3) A large yellow sapphire weighing 1.3 kg was found […]
Hasitha Tillekeratne, the Chairman of the National Gem and Jewellery Authority (NGJA), presented the 100th lot of pure silver (Purity-999) to the S. M. E (Small and Medium scale jewellery manufacturers at a concessionary cost on the 21st of January 2010. The presentation ceremony was held at the auditorium of the National Gem and Jewellery […]
The 5 new companies to sign up as tenants in the International Gem Tower, New York when completed include Malca-Amit, Dalumi Diamonds, Sahr Atid Diamonds, Yerushalmi Bros. Diamonds and Yondor Diamonds Ltd. Malca-Amit is a logistic services company for the gem and jewelry industry worldwide while the other four companies are Israeli based diamond firms. […]
According to Bloomberg, there has been a 45% increase in the exports of diamonds and jewelry from India in December 2009, compared to December 2008. According to the Gem and Jewellery Export Promotion Council (GJEPC), the income from exports was US$1.89 billion, up from US$ 1.3 billion during the same period an year earlier. The […]
The Israeli Diamond Institute Group of Companies (IDI) has signed a Memorandum of Understanding (MOU) on Monday the 4th of January 2010 with the All India Gems and Jewellery Trade Federation (GJF). The MOU is expected to establish cooperation between the two industries. In late November a similar MOU was signed between the IDI and […]
Megg Galligan, 25 is a jewelry designer from Boston as well as a Google employee. How did that combination come about? She was hired two years ago by Google to spend her weekdays helping the Boston area advertising firms to place advertistments for their clients on Google. She spent her weekends and nights making jewellery. […]