Author name: JNI

De Beers published preliminary diamond sales numbers for the fourth sales cycle of 2024, which show a drop. The provisional sales value for this cycle is $380 million, down 15% from $446 million in Cycle 3 of 2024 and 21% from $479 million in Cycle 4 of 2023. De Beers Group CEO Al Cook stated, […]

The Gem and Jewellery Export Promotion Council (GJEPC) has scheduled a Latin American delegation visit from May 21st to 29th, 2024. The delegation will visit Brazil (São Paulo and Rio de Janeiro), Colombia (Bogotá), and Panama City. The purpose of the visit is to look for markets in the Latin American and Caribbean (LAC) region

Anglo American’s board has rejected BHP Group Limited’s third unsolicited takeover approach and extended the Put Up or Shut Up (PUSU) deadline to May 29, 2024. The proposal, received on May 20, 2024, offered Anglo American stockholders 0.8860 BHP shares as well as shares in Anglo American Platinum Limited and Kumba Iron Ore Limited, with

PNG Jewellers introduced the Polmi Collection, a dedicated collection of Polki/Uncut diamond jewelry. The collection will be accessible in select areas starting May 18th, including Pune, Mumbai, Thane, Aurangabad, and Nagpur. The Polmi Collection incorporates Polki diamonds made with old-world workmanship for exquisite and sophisticated items. From striking necklaces to delicate bracelets, each piece is

Signet Jewelers and De Beers have established a relationship to communicate the unique characteristics of natural diamonds with a new generation of US couples, in anticipation of a 25% increase in engagements over the next three years. The collaboration will highlight the inherent rarity and timelessness of natural diamonds by leveraging Signet‘s trusted brands such

Kuwayama Corporation, a renowned Japanese jewellery producer, has joined the World Jewellery Confederation (CIBJO) as a Commercial Member. Kuwayama Corporation was founded in Tokyo in 1964 and is now Japan’s largest integrated jewellery maker. With manufacturing facilities in Japan, China, and Thailand, the company’s product line includes chains, rings, cast items, and other jewelry components

Platinum Guild International (PGI) has released findings from its 2024 Platinum Jewellery Business Review, which examines retail sales of platinum jewellery, trade performance, and consumer mood in PGI‘s four important international markets: China, India, Japan, and the United States. Tim Schlick, CEO of PGI, stated, “Driving sales and value for platinum jewelry for our strategic

According to seven sources quoted by Reuters, the United States is reevaluating the strictest components of a proposed Group of Seven (G7) ban on Russian diamonds in response to protests from African nations, Indian gem processors, and New York jewellers. The penalties, which were agreed upon in December and include a ban across the European

Mubri International Jewelers Association’s Buyer Seller Meeting (BSM) Brasil 2024 finished its second edition with spectacular success, demonstrating Latin America’s growing strength and importance in the worldwide market. The event, held on the 14th and 15th of May, had a notable increase in attendance, indicating its growing prominence. During the two-day event, a varied range

Burgundy Diamond Mines achieved tremendous financial growth and operational achievements in the first quarter of 2024, solidifying its position in the global diamond market and highlighting the potential of its Ekati diamond mine. Burgundy‘s Q1 2024 EBITDA totaled $26 million, a 49% improvement over the previous year. The company also announced a record revenue of