$XAU $USD $CHY China has severely restricted imports of gold since May, industry sources with direct knowledge of the matter told Reuters. The move may be aimed at curbing outflows of USDs and bolstering its RMB Yuan currency as economic growth slows. China has cut shipments by some 300-500 tonnes compared with last year – […]
More and more travelers are returning home missing something of significance, according to a national survey on traveling with jewelry conducted by Jewelers Mutual Insurance Group. The survey found that since 2015, the number of people reporting fine jewelry being lost or stolen while traveling has doubled. According to the study, 20 percent of people […]
Almod Diamonds LTD, the parent company of *Crown of Light® a branded 90 faceted diamond from *Diamonds International, announces continued support of Baby Haven Orphanage in Windhoek, Namibia. The organization provides care, shelter and food to local children that have lost their parents to HIV or Aids. From National Children’s Day June 9th until April 2020, 20% of the sale of Crown of Hope® […]
Year 2018 will go down as the year when lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, cracked the consumer market, largely thanks to millennials’ evolving shopping tastes. The entry of new actors in the synthetic sector, particularly giant producer De Beers and its Lightbox brand, has created even […]
Pink Diamond Hammers for $50-M+ a World Record $BID Christie’s Geneva sold the “Pink Legacy” diamond at auction Tuesday for more than $50-M including fees, saying it is a new world record price per carat for a pink diamond. Christie’s said that renowned jeweler Harry Winston was the buyer. The auction house had expected to […]
Gold, Diamond Companies Joined IBM to Develop Blockchain Technology $IBM, $BRK-A, $AU Gold and diamond companies including Berkshire Hathaway (NYSE:BRK-A)Richline Group Inc joined with IBM to develop blockchain technology to track the origin of jewelry and ensure it is ethically sourced, the companies said Thursday. The joint initiative, TrustChain goal to make it easier for […]
Rolex, the World’s Largest Swiss Luxury-watch Brand A Brief History of Rolex The precursor to Rolex was founded in London by Hans Wilsdorf and Alfred Davis in Y 1905, with the Rolex Watch Company established in Y 1919 when operations were moved to Geneva, the company is HQ’s in Geneva today. The Rolex brand limits […]
China Gold: Demand Rises 20% YTD $GLD, $USD China’s demand for Gold reportedly rose almost 20% in the 1st 9 months of this year amid strong sales of Bold bars. China’s gold demand rose 16 percent year on year to 815.89 tonnes in the first three quarters of 2017, Xinhua reported, citing the China Gold Association. Jewelry […]
Dubai: Gold Hits 2-Week High as USD Falls $GLD Spot Gold price forecast to range between 1,228 and 1,247 oz Gold jewelry prices in Dubai spiked Monday, as the USD fell in the aftermath of the recent Fed dovish interest rate adjustment. Bullion retailed Monday by as much as Dh10/gram when compared to the prices […]
Sotheby’s (NYSE:BID) Auction House Opens Dubai Office $BID The opening follows a 30% increase in buyers from the Middle East in the last 5 years Sotheby’s (NYSE:BID) has officially opened a new Dubai gallery and office to cater to its growing Middle East customer base. The opening of the new unit, based in Dubai International […]
The World Diamond Industry 2017 $RIO, $BHO, $NGLOY, $LUCRF, $GMDMF, $BID, $TIF As the diamond industry enters Y 2017, Q-1 demand for rough has been stronger relative to Q-4 2016 and also relative to a year ago. The US is the largest diamond jewelry market in the world representing 45% of global demand. Christmas season Y […]
WGC: Gold Demand +2% 2016 on Investment Demand $GLD Friday, data from the World Gold Council showed that a bounce in investment to a 4-year high drove a modest gain in Gold demand in Y 2016, even as use of the metal in jewelry slid to its lowest since Y 2009 and coin and bar […]
Art News: One Week of Sales at Sotheby’s Totals $752.3 Million $BID Tad Smith, Sotheby’s (NYSE:BID) President & CEO, commented: “Beginning with the Bowie sales in London, continuing with the Impressionist and Modern evening and day sales in New York, adding the Geneva jewelry sale performance, and ending with the Contemporary evening and day sales […]
The “Big 5” of Modern Ferrari’s Assembled by Jay Leno on 1 Track $RACE Jay Leno is nota Ferrari fan, he does not have one in his extensive collection, but he recently found someone in Southern California who has several, that being Pasadena, California jewelry and watch dealer David Lee. Mr. Lee runs a successful […]
Stronger USD Pushing Platinum (NYSEArca:PPLT) Down $PPLT, $IMPUF, $GLD, $SLV Platinum futures trading on the NYMEX market in New York declined for a 4th day running Tuesday to 996.80, pushed down by a stronger USD, weakness across the precious metals complex, and the signing of a wage deal in Key producer South Africa. YTD Platinum’s price is up more […]
Gold Up, in Anticipation of US Fed Standing ‘Pat’ $GLD, $GDX, $JDST Gold is valued as unequalled material for jewelry, storing wealth and growing industrial uses. Gold prices rose Monday, as the USD slipped Vs a basket of currencies, as the market awaits clues on timing of an increase in US interest rates. Spot Gold was up […]
AP’s Diamond Fury Timepiece, Inspired by Game of Thrones’ Daenerys Targaryen The 6th season of Game of Thrones has begun, to the delight of fans of the widely successful fantasy television series. Notably, Audemars Piguet CEO Francois-Henry Bennahmias is one of the show’s many avid fans. In Singapore for the Grand Opening of the boutique at Liat […]
