The report ‘Worldwide Jewelery Market Demand and Opportunities’ covers global gems and jewellery industry structure, market size, trends and opportunities prevailing. In terms of geography the report covers the United States, which accounts for the largest percentage of the market, European Union including Romania, Bulgaria and Germany. The structure of the jewellery industry is global [...]
Fitch Ratings has upgraded UK-based Rio Tinto Plc’s and Australia-based Rio Tinto Ltd’s (collectively, the Rio Tinto Group (RT)) Long-term Issuer Default Ratings (IDR) and senior unsecured ratings to ‘A-’ from ‘BBB+’, respectively. The Short-term IDRs are affirmed at ‘F2′ and the Outlooks on the Long-term IDRs are Stable. “Through a combination of management action [...]
Research and Markets has announced the addition of the “Worldwide Jewelry Market Demand and Opportunities” report to their offering. The report covers global gems and jewelry industry structure, market size, trends and opportunities prevailing. In terms of geography the publisher has discussed United States, which accounts for the largest percentage of the market, European Union [...]
Security was tight at the W Hotels Arrival Lounge at Mercedes-Benz Fashion Week in New York where iconic fashion designer Betsey Johnson unveiled for the first time in the U.S. arguably the world’s most expensive spirits container: a Chambord bottle fashioned with $3 million worth of diamonds, gold and pearls. Designed by international jeweler Donald [...]
Rio Tinto Diamonds’ diamonds operations incurred a loss of $68 million in 2009, compared with earnings of $137 million in 2008. Lower prices and lower volumes as a result of the global economic slowdown were the main cause. Measures were taken to redress this performance including shutdowns at Argyle and Diavik to balance production with [...]
Rio Tinto has appointed Ian Bauert as managing director, China, with immediate effect. Ian will be based in Shanghai and will lead Rio Tinto’s 160-strong team of employees in Beijing, Shanghai and Guangzhou. He speaks fluent Mandarin and established the company’s first office in China more than 25 years ago. Ian has since held numerous [...]
Australia’s Astro Resources has entered into an agreement to raise $1 million through the issue of 125 million fully paid ordinary shares and 62,500,000 AROOB Options. The Placement is to key institutional and sophisticated investors and will be made in two tranches: Tranche A: An initial placement of 62,500,000 Shares to raise $500,000 to be [...]
Rio Tinto, one of the world’s leading diamond companies, is reorganising its Antwerp-based sales and marketing management team. Integral to this reorganisation is the appointment of Clark McEwen to the position of Marketing Manager, reporting to Jean-Marc Lieberherr, Rio Tinto Diamonds General Manager, Sales and Marketing. Clark will be based in Antwerp, effective March 1. [...]
Rio Tinto says that the Chinese Public Security Bureau, which is investigating the four Shanghai employees detained on 5 July 2009, has transferred the case to the People’s Procuratorate. Sam Walsh, chief executive Iron Ore, said, “This transfer is the next stage in a continuing legal process under Chinese law. It would not be appropriate [...]
Canadian Diamond Traders, located in Toronto, Canada, is offering a new face in 2010, despite warnings that the scheme it operates is a pyramid scheme in breach of the Fair Trading Act from the Western Australian government. The Western Australian Government website states “Consumer Protection believes this scheme is a pyramid trading scheme in breach [...]
A new code aimed at reinforcing consumer confidence in Australia’s Jewellery Industry has been launched. The Code of Practice was developed by the Jewellers Association of Australia in accordance with the ACCC Guidelines for developing effective voluntary industry codes of conduct. “The Jewellers Association voluntary industry code of practice can bring significant benefits to the [...]
Namakwa Diamonds Limited has acquired private mining operator Kasai Resource Mining Limited from the Democratic Republic of Congo (DRC) following the exercise by the company of a discretionary call option over the entire issued share capital of KRM, for US$5m payable in cash. The company’s acquisition of KRM provides Namakwa Diamonds’ DRC operations with: title [...]