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China’s diamond market enters a new chapter of growth
China’s diamond market is showing no signs of slowing down in spite of a challenging macroeconomic environment. In fact, consumers’ strong demand for bridal jewellery and increasing interest in diamond investment are fuelling enough activity to sustain growth, according to executives from Shenzhen Sino-Africa Diamond Co Ltd, Antwerp-based Rosy Blue NV and Jurassic Color Diamond from Taiwan.
China demand continues to drive growth in diamond sector
Occupying an ever greater share of global consumer demand for diamond jewellery, China remains the major engine for growth in the diamond industry, De Beers Group CEO Philippe Mellier said at “The Diamond Insight Report” forum held on the sidelines of the 32nd September Hong Kong Jewellery & Gem Fair.
Quadamas unveils ‘AsscherQueen’ cut
Los Angeles-based manufacturer Quadamas, Inc recently introduced the “AsscherQueen” diamond cut to the US jewellery market. Israel “Izzy” Itzkowitz, CEO and designer of Quadamas, has six US patents on this new cut, a creative extension of his previously released Asscher cut Princess (AcP) line, the company said.
Rio Tinto celebrates Chow Tai Fook milestone with diamond masterpiece
Diamonds from Rio Tinto’s Argyle mine in Western Australia will be showcased across China in an unprecedented fashion starting from October, headlined by a special white and champagne diamond encrusted tiara.
Ghaghoo mine commences operations
Gem Diamonds Ltd recently announced the opening of the Ghaghoo diamond mine in Botswana, which will be the first underground diamond mine in the country. The miner said this marks a significant milestone for Gem Diamonds as the company looks forward to operating its second major mine, in addition to the Letšeng mine in Lesotho.
Petra Diamonds reports 20% growth in FY2014 revenue
Petra Diamonds Ltd reported that revenue for FY2014 ended June 30, 2014 increased by 20 percent to $471.8 million over the previous financial year.
US jewellers look toward diamond brands to boost sales
The US remains an important market for diamonds, accounting for 40 percent of world diamond sales. However, the market’s growth has been slower than much of the world. Bain & Company is forecasting that US diamond demand will increase 2.4 percent from 2012 to 2014, below the global rate of 3.7 percent forecasted. Only Japan and Europe are expected to grow at a lower rate, according to the global management consulting firm.
Rio Tinto Diamonds – partnerships key to fashion opportunity in China
Since 2010, Rio Tinto has been developing the diamond fashion jewellery market in China, a trend which the company also ignited in the US market in the early 1990s by working with influential retailers, designers and suppliers of loose diamonds and jewellery.
Gem Diamonds reports strong H1 performance
Gem Diamonds Ltd reported strong performance during the first half of the year largely due to higher sales and demand.
Leibish to launch $4m purple diamond
Leibish & Co will unveil its $4 million-purple orchid diamond at the September Hong Kong Jewellery & Gem Fair scheduled for September 15 to 21.
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