Padis succeeds Lisa Bridge, marking the first time the organization has had two women board presidents in a row.
De Beers Diamond Sales Flat in Second Cycle
Rough sales totaled $555 million, compared with $553 million in the same period last year.
Gaborone, Botswana--Rough diamond sales were up less than 1 percent year-over-year in the second sales cycle of the year, De Beers Group reported Tuesday.
The diamond miner and marketer said sightholder and auction sales together totaled $555 million between Jan. 30 and Feb. 5, compared with $553 million in the second sales cycle of last year.
Compared with the first sales cycle of the year, which is usually a strong period for De Beers as manufacturers restock after the holiday season, second-cycle sales were down 17 percent.
The $555 million is a provisional figure and likely will be revised upward when De Beers announces the sales results of the third cycle in early April.
CEO Bruce Cleaver called rough demand “good” and said it was what De Beers expected following strong retail sales of diamond jewelry in the United States during the holiday season and early signs that many consumers bought diamond jewelry for the Chinese New Year (Feb. 16) as well.
De Beers revised its sales figure for the first sales cycle upward, from $665 million to $672 million.
Here is a chart showing the year-over-year comparison for De Beers’s rough diamond sales so far in 2018.
The Latest
Jesse Cole, founder of Fans First Entertainment, shared the “five Es” of building a fan base during his AGS Conclave keynote.
The Royal Oak Perpetual Calendar "John Mayer" was celebrated at a star-studded party in LA last week.
With Ho Brothers, you can unlock your brand's true potential and offer customers the personalized jewelry experiences they desire.
The three-time Pro Bowler continues to partner with the retailer, donating to a Detroit nonprofit and giving watches to fans.
A double-digit drop in the number of in-store crimes was offset by a jump in off-premises attacks, JSA’s 2023 crime report shows.
Inspired by the Roman goddess of love, the designer looked to the sea for her new collection.
For over 30 years, JA has advocated for the industry, fought against harmful legislation and backed measures that help jewelry businesses.
The luxury titan posted declining sales, weighed down by Gucci’s poor performance.
The selected nine organizations have outlined their plans for the funds.
The crown introduced a dozen timepieces in Geneva, including a heavy metal version of its deep-sea divers’ watch.
Emmanuel Raheb recommends digging into demographic data, customizing your store’s communications, and retargeting ahead of May 12.
Located in the town of Queensbury, it features a dedicated bridal section and a Gabriel & Co. store-in-store.
A 203-carat diamond from the alluvial mine in Angola achieved the highest price.
Ruser was known for his figural jewelry with freshwater pearls and for his celebrity clientele.
The “Rebel Heart” campaign embodies rebellion, romance, and sensuality, the brand said.
Editor-in-Chief Michelle Graff shares the standout moments from the education sessions she attended in Austin last week.
The overhaul includes a new logo and enhanced digital marketplace.
The money will go toward supporting ongoing research and aftercare programs for childhood cancer survivors.
A new addition to the “Heirloom” collection, this one-of-a-kind piece features 32 custom-cut gemstones.
Last month in Dallas, David Walton pushed another jeweler, David Ettinger, who later died.
The move will allow the manufacturing company to offer a more “diverse and comprehensive” range of products.
From now through mid-May, GIA will be offering the reports at a 50 percent discount.
De Beers’ rough diamond sales were down 18 percent year-over-year in its latest round of sales.
Sponsored by the Las Vegas Antique Jewelry & Watch Show
The Patek Philippe expert will serve as personal curator for the brand-focused company.
The 553-square-foot shop is aboard the Carnival Jubilee cruise ship.