Jewellery retailers at major department stores in Ningbo, China, are offering discounts today, also known as the ‘love confession day.’ The numbers ‘520’ are pronounced similarly as ‘I love you’ in Chinese. In Ningbo No. 2 Department Store, customers can enjoy a RMB$20 (around US$3) discount for any purchase of gem-set jewellery pieces of RMB$520 … Read More →
Sotheby’s set a new world record for a jewellery auction after its Magnificent Jewels and Noble Jewels sale in Geneva realised US$175,097,419 on May 17, surpassing the US$160.9 million achieved in 2015. The auction’s star performer was the “Unique Pink,” an extremely rare fancy vivid pink diamond weighing 15.38 carats that sold for US$31,561,200 or a … Read More →
Hit by a weak Canadian dollar and the soft economy in Western Canada, insolvent chain Ben Moss Jewellers was granted court protection from its creditors on Wednesday as it prepares to close 11 of its 66 stores. Winnipeg-based Ben Moss Jewellers Western Canada Ltd. is already holding liquidation sales at its underperforming stores. It will … Read More →
The ninth edition of Hyderabad Jewellery, Pearl and Gem Fair will be held here for two-days from June 4. Over 150 exhibitors comprising jewellery brands, wholesalers, retailers, importers, exporters, diamond and gemstone suppliers and representatives from trade and government organisations will participate in the fair, which is hosted by UBM India and supported by the … Read More →
Buoyant North American demand is a rare bright spot for the global platinum jewelry market after a sharp drop in prices boosted jewelers’ margins, driving up consumption of the white metal by more than a third over the last six years. North American appetite has flourished despite lackluster global platinum jewelry sales, with world consumption … Read More →
Fourteen sovereigns of gold jewellery were reportedly found stolen from a house at Elango Street at Mahalingapuram in Pollachi on Wednesday. The police said that the victim M. Selvaraj (32), a farmer, and his family stayed in an apartment and went to their native village near Negamam on Saturday. On returning home on Wednesday he … Read More →
This year, Akshay Tritiya, witnessed around 10-15 per cent sales of gold across the country, giving little bit of relief to the industry after a lull period due to over a month long strike. Due to the strike, jewellers also missed on Gudi Padwa sales.A lot of factors were responsible to the muted response to … Read More →