Many people lined up in downtown Tokyo today (Monday) for 5000 free diamonds from the French jeweler Mauboussin . This was part of a publicity campaign and an attention seeking drive for diamonds in Japan.Each of the diamond weighs 0.1 carat (10 points). The present value of each diamond is said to be about US$ […]
Louis Selekane, the chief executive officer of the South Africa Diamond Regulator died in a car crash in Diepsloot , near Johannesburg on Saturday. According to The Times (South Africa) ,Netcare 911 spokesman Mark Stokoe said that he was on his way back to Diepsloot from Midrand in a large Volkswagen Audi when the accident […]
Jewelry worth about 8.5 million USD was stolen by a single gunman from the Chopard jewelry store at Place Vendome, Paris. According to CNN, the man held several people at gunpoint before escaping. No one was injured or killed during the robbery. It is not known if he had an accomplice waiting for him. Place […]
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 to their sales abroad. U.S consumers have been moving away from purchasing luxury items. The net income […]
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 been blamed for flooding the diamond market in the late 1990’s with rough (uncut) diamonds.This led to a […]
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, the 19th International Gem and Jewellery Show will have hundreds of local and foreign exhibitors showcasing their gem and jewellery […]
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. According to the CEO of Borro, Paul Aitken, there has ben a steady increase in demand […]
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 are usually diamond studded. They are also well known for wearing heavy gold and silver chains. According to Jason […]
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 25 jewelry stores over a five year period. Now this gang is said to be in […]
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 operating officer of the company states that” the new job cuts are to do with their […]