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Increased demand for rough diamonds and a weaker ruble also helped profit increase fourfold for the miner.
The company purchased LVMH’s 50 percent stake in De Beers Diamond Jewellers for an undisclosed sum.
With slow sales amid a challenging environment and retailers scaling back on inventory, the company is eliminating positions as it implements cost-saving initiatives.
The Italian jewelry house has constructed a new sustainably-minded workshop in Valenza with its very own jewelry school.
These were the five most popular stories on National Jeweler last week, according to Google Analytics.
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Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.