In an effort to curb Russia’s ongoing military actions in Ukraine, the United States has imposed additional sanctions on individuals and entities associated with Russia’s military capabilities, energy projects, and financial activities.…

Diamond mining giant De Beers has released its production report for the second quarter of 2023, revealing some significant changes in diamond output across its operations. Its total rough diamond production for…

Petra Diamonds, a leading diamond mining company, has released its Q4 and FY 2023 operating update, providing insights into its recent performance and future projections. During the quarter, total diamond production decreased…

Mining giant Rio Tinto released its second quarter (Q2) production results for 2023, indicating a significant 16% decline in diamond production. The company’s Q2 diamond output totalled 970,000 carats, which, despite the…

Chinese jewellery retail giant Luk Fook Holdings (International) Limited announced its impressive retail sales performance for the first quarter (Q1) of the financial year ending on 31st March, 2024. The results, covering…

The National Retail Federation (NRF) revealed that U.S. retail sales experienced a continued upward trajectory in June, even as employment expansion slowed. NRF President and CEO Matthew Shay said, “June retail sales…

Signet Jewelers announced the expanded rollout of a new fine jewellery rental program for special occasions and weddings through a partnership of two of its leading banners, Zales and Rocksbox. For the…

Gaetano Cavalieri, President of the World Jewellery Confederation (CIBJO), informed the High-Level Segment of the United Nation’s Economic and Social Council (ECOSOC) in New York about the jewellery industry’s potential as a…

The luxury jewellery market is on a remarkable growth trajectory and is projected to achieve a staggering value of $95.8 billion by 2030, with a compound annual growth rate (CAGR) of 7.85%…