CIBJO President Gaetano Cavalieri has paid an official visit to Southern Chinese city of Guangzhou, where he was a guest of the regional government. In a meeting with senior officials, he discussed cooperation in the area of Corporate Social Responsibility, and in particular the development of CSR education programmes for the Guangzhou’s jewellery sector.
Hosting Dr. [...]
China
CIBJO President Discusses Cooperation in Corporate Social Responsibility With Chinese Regional Jewelry Sector
Americas
LJ International Reports Rising Retail Sales, Boosts Outlook for 2009 Fourth Quarter and Fiscal Year
pLJ International Inc. (NASDAQ: JADE), a leading jewelry manufacturer and retailer, today announced a significant increase in revenues at its ENZO retail division, on both an overall and same-store basis, during the fourth quarter ending December 31, 2009. It also announced an upward revision of earlier guidance for the fourth quarter and fiscal year 2009./p
pThe [...]
Africa
U.S Diamond Jewelry Accounts for 55% of Total Jewellery Sales Says New Report
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 in [...]
China
GIA Offers Laboratory Services During the Hong Kong International Jewellery Show
pThe Gemological Institute of America (GIA) Show Service Laboratory will offer diamond and colored stone services during the upcoming Hong Kong International Jewellery Show taking place March 5ndash;9./p
pThe GIA Show Service Laboratory is a convenient and mobile version of a GIA Laboratory that can provide trade show participants with the gemstone grading and identification services [...]
Asia
AWDC Pavilion to be one of the largest at Hong Kong International Show
pIn a further indication of the growing importance of the Chinese market, more than 50 Antwerp diamond companies will be exhibiting inthe Antwerp Diamond Pavilion at the March 5-9 Hong Kong International Show./p
pThe dedicated website for the Antwerp Diamond pavilion at the Hong Kong International Show is located at a href=http://www.antwerpdp-hk.comwww.antwerpdp-hk.com/a.br /
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A growth [...]
China
Diamond Imports for Local Chinese Consumption in 2009 Increases 16.4% Making China 2nd Largest Diamonds Consumer Market
Diamond imports for local consumption in China reached a record high of $699 million in 2009, increasing 30.7% compared to 2008, making mainland China the world’s second-largest diamond consumption market after the United States.
China’s diamond imports, diamond exports and diamond trade via the Shanghai Diamond Exchange (SDE) exceeded a record high of US$1.5 billion in [...]
Company News
Fitch Upgrades Rio Tinto to ‘A-’; Outlook Stable Ratings
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 on [...]
Asia
Antwerp World Diamond Centre Launches Dedicated Website for Belgian Diamond Companies at Hong Kong Show
In a special initiative aimed at giving diamond buyers from around the world direct access to Antwerp diamond companies, the Antwerp World Diamond Centre (AWDC) has launched a dedicated website featuring information about Belgian exhibitors at next month’s Hong Kong International Show.
The site provides users with an interactive map of the trade fair, which takes [...]
Africa
New report Covers Worldwide Jewelry Market Demand and Opportunities
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 including [...]
Company News
De Beers 2009 Sales: $3.84 Billion; Company Positioned to Benefit from Market Upturn
In line with most products in the luxury goods sector, the diamond industry was severely affected in 2009 by the global recession. The combination of three principal factors – high stock levels throughout the diamond pipeline, constricted liquidity in the industry, and lower levels of retail and consumer demand – led to substantially lower demand [...]
China
Rio Tinto Provides Update on Employees Detained in Shanghai on Charges Related to Bribery and Stealing Commercial Secrets
Rio Tinto has been advised that the People’s Procuratorate has transferred the case relating to the four Shanghai employees, detained since 5 July 2009, to the Shanghai Number One Intermediate Court for trial. A trial date has not yet been set.
The charges relate to receiving bribes and stealing commercial secrets.
Sam Walsh, chief executive Rio Tinto [...]
China
Rio Tinto Appoints Ian Bauert as Managing Director in China
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 [...]
