Both the number of e-shoppers and the frequency of online buying have seen strong growth over the past few years. There are two main drivers of e-commerce growth in Hungary. The development level of the digital economy, especially internet and device use, is a key direct driver, while net monthly earnings, inflation and household consumption, Read More →

A sugar daddy dating site has launched a range of perfumes for rich men seeking younger girlfriends.’s fragrances are targeted at ‘sugar daddies’ and ‘sugar babies’ looking to attract a partner. They promise their new perfumes will ‘make your senses waltz to a pheromonic symphony’ and spark a ‘revolution of passion’. Currently only available Read More →

Diamond production of Australia-based miner Rio Tinto at its Argyle Diamond Mine reached 6.880 million carats in the first half of the year, up 4 percent from the same period a year ago, the company announced. The company attributed the increase to the continued ramp-up of underground production, resulting in higher ore volumes processed, which Read More →

Fancy blue diamond prices increased by 1.7 percent in the first quarter of the year, according to data gathered by The Fancy Color Diamond Index. During the same period, fancy yellow diamonds saw price declines of 1.8 percent while fancy pink diamonds saw a 0.3 percent price increase. The Fancy Color Diamond Index is published Read More →

Alrosa’s diamond mining production reached over 38 million carats in 2015, an increase of 6 percent from the previous year, the Russian mining giant announced recently. Alrosa President Andrey Zharkov attributed the results to the opening of the Botuobinskaya pipe in Yakutia, rising production at Severalmaz in the Arkhangelsk region, and improved diamond mining at Read More →