Five men have been arrested after police responded to a smash-and-grab jewellery raid at Brent Cross shopping centre in north London. Officers were called to the raid at about 2.30am on Wednesday and later found sledgehammers and pick axes. Scotland Yard said at least a dozen suspects had smashed windows and stolen items from Goldsmiths … Read More →
Hong Kong-based luxury retailer Emperor Watch & Jewellery Ltd recently presented two new collections – “Love is All,” which commemorates Mother’s Day, and “PAIO,” which celebrates love and marriage. According to the company, Love is All is a collection of pendants, earrings and rings representing a mother’s profound and everlasting love. Dominating the collection are … Read More →
China’s jewellery industry has been undergoing major adjustments since last year. Shenzhen, acclaimed as the jewellery manufacturing and trading hub of China, has reacted quickly to economic challenges facing the industry. Guided by China’s 13th Five-Year Plan, Luohu District – one of the six districts of Shenzhen – aims to develop itself into China’s leading … Read More →
Hong Kong-based fine jeweller L’Dezen is entering the London market through jewellery retailer Plukka, which will carry the pieces exclusively at its boutique in Burlington Arcade, according to a recent report. Plukka is also stocking L’Dezen products exclusively at its Madison Avenue boutique in New York, which is scheduled for opening within the year, a … Read More →
Diamond jewellery demand by US consumers reached a record level of US$39 billion in 2015, up 5 percent from a year ago, according to industry data published by The De Beers Group of Companies. De Beers attributed the increase in sales to sustained economic recovery in the US, higher levels of job creation and wage growth. … Read More →
Diamond jewellery demand in 2016 is likely to be affected by subdued global economic growth. Led by a sharp decline in production of polished diamonds and jewellery in India in the second half of 2015, the global market in precious ornaments fell to $79 billion, from $81 bn the previous year. Indian diamond processors’ inventory … Read More →
Government in Rajya Sabha today refused to budge from its stance on levying one per cent excise duty on non-silver jewellery saying luxury items cannot be kept out of tax ambit for perpetuity, prompting a walk-out by members of the Congress and SP. Tearing into the opposition charge that imposition of the levy was killing the trade, Finance Minister Arun Jaitley refuted … Read More →