TAGS/Sodiam Raises $21.6m at Angola Tender
July 25, 24
Trans Atlantic Gem Sales (TAGS) sold 45 stones for a total of $21.6m at tender in association with Sodiam, Angola's state-owned diamond company. Among the stones sold was a parcel of six diamonds (447 carats) from ... Read More...
Tiffany's $305,000 'Bird on a Rock' Watch
July 25, 24Tiffany has launched one of its most complex watches to date, inspired by the company's emblematic Bird on a Rock. The white gold Bird on a Flying Tourbillon costs $305,000 and is being produced in a limited edition of 25.... Read More...
India's Diamond Industry hit by 64 Suicides
July 25, 24Two diamond workers from India reportedly took their own lives on the same day, as the global downturn continues taking its financial toll on the world's cutting and polishing capital. They bring the number of industry suicides in the last... Read More...
Another Hefty Drop for India's Diamond Exports
July 24, 24India's exports of polished diamonds suffered another hefty drop in June, down 26 per cent year-on-year to $1.02bn. Foreign sales in May were down by almost 15 per cent to $1.47bn, according to new figures from the GJEPC.... Read More...
Asia Drives Slump in Swiss Watch Exports
July 24, 24Exports of Swiss watches plunged by 7.2 per cent year-on-year in June, according to new figures from the Federation of the Swiss Watch Industry Exports (FHS). That's the biggest drop this year, and a steep decline from the 2.2 per cent... Read More...
Memo by John Jeffay
July 25It's been a good week for India's diamond industry, relatively speaking. The global downturn hasn't suddenly come to an end. But the government announced a package of measures in Tuesday's Union Budget that will ease some of the pain for Surat, Mumbai and... Read More...