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News
New president for International Grown Diamonds Association

Just now • Samuel Ord

Founder of the International Grown Diamonds Association (IGDA), Richard Garard, is vacating the role of president. Read more »

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Signet owns Kay Jewelers, Zales and Jared and recently acquired Blue Nile. The company is now forecasting sales of $US2.59 billion to $US2.66 billion for the fourth quarter, which concludes in January.

News
US retail giant raises full-year guidance

20 hours ago • Samuel Ord

US-based Signet Jewelers, the world’s largest retailer of diamond jewellery, has raised its full-year outlook after third quarter sales outperformed expectations. Read more »

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Above: The AMRI Mineralogy & Petrology Collection. The Minerals Gallery opens free to the public on 10 December.

News
Australian Museum opens dazzling new Minerals Gallery

20 hours ago • Samuel Ord

The Australian Museum has opened a new permanent Minerals Gallery featuring more than 1,800 specimens – some on display for the first time. Read more »

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According to reporting from Rough and Polished, Ivanov, who is under extensive US sanctions following the invasion of Ukraine in February, is leaving the mining company to join an investment group.

News
Rumours suggest Ivanov to depart Alrosa

2 days ago • Samuel Ord

The CEO of Russian mining company Alrosa, Sergei Ivanov, will step down soon according to reporting from Russian business media. Read more »

Australia imports plain gold jewellery, studded jewellery, and cut and polished diamonds from India. Australia exports precious metals, including gold and silver, to India.

News
New trade agreement between Australia and India

2 days ago • Samuel Ord

Australian businesses will soon have the chance to take advantage of new trade opportunities following the passing of the Australia-India Economic Cooperation and Trade Agreement (ECTA). Read more »

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A spokesperson for De Beers said that the contracts have been extended for an additional year to accommodate sightholders amid a difficult economy.

News
De Beers extends sightholder contracts

2 days ago • Samuel Ord

The world’s largest diamond mining company, the De Beers Group, has extended exclusive sightholder contracts for an additional year. Read more »

The JAA’s constitution calls for at least five directors and no more than six and for one of the positions to be a ‘co-opted director’. Currently one board member acts as the company secretary for another board member.

News
JAA’s commitment to transparency tested by undisclosed relationship

06/12/2022 • Samuel Ord

Questions have been raised about an undisclosed commercial relationship between two of the five Jewellers Association of Australia (JAA) board members. Read more »

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Coloured gemstone set precious metal jewellery sales dollars were down 8 per cent compared with November 2021 and held an icrease of 6 per cent on the 2-year comparison to November 2020.

News
Sales dip during November for Australian jewellers

02/12/2022 • Samuel Ord

The latest market analysis from Retail Edge has noted a drop in sales for Australian jewellery retailers in November compared with recent years. Read more »

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The hero 18.08-carat fancy intense yellow oval diamond has been set into a ring featuring a bouquet of 4.09-carats of pink diamonds.

News
Rio Tinto introduces the Diavik Midnight Sun

02/12/2022 • Samuel Ord

Pink and yellow fancy colour diamonds from two Rio Tinto mines – Australia’s Argyle and Canada’s Diavik – have been combined in a single ring valued at $AU1.85 million. Read more »

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The necklace consists of 52 round brilliant cut diamonds, some as small as 1.07-carats and others as big as 7.14-carats. The pre-sale estimate minimum was $US4.8 million ($AU7.18 million).

News
Stunning diamond necklace leads auction in Hong Kong

01/12/2022 • Samuel Ord

Christie’s Hong Kong Magnificent Jewels auction was headlined by the sale of a platinum necklace featuring 104 carats of D-colour diamonds. Read more »

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Rolex doesn’t publish production figures, however, it’s been reported the manufacturer produces approximately one million timepieces each year.

News
New Rolex factory expected to be completed in 2029

30/11/2022 • Samuel Ord

Swiss watch designer and manufacturer Rolex SA plans to invest approximately $AU1.5 billion in a new production site in western Switzerland. Read more »

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LVMH, which owns brands such as Bulgari, Tiffany & Co, and Chaumet, said the deal would significantly increase production capacity. Image: Pedemonte Group

News
LVMH purchases Italian jewellery manufacturer

30/11/2022 • Samuel Ord

French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has purchased the Pedemonte Group, an Italian jewellery manufacturer. Read more »

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In a series of emails following recent reporting the JAA says that its six-year-old dispute with Expertise Events "is dead and buried”.

News
“It’s dead and buried”, JAA closes chapter on industry dispute

29/11/2022 • Angela Han

Jewellers Association of Australia (JAA) president Joshua Sharp has made the first move in what may be seen as a step towards unifying the industry. Read more »

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The newly minted gold, platinum and diamond-encrusted coins represent examples of fine numismatic craftsmanship and feature fancy colour diamonds from Western Australia’s now closed Argyle Mine.

News
Australian pink diamonds highlight Opulence Collection

27/11/2022 • Samuel Ord

Aurom, a new company from Kunming Diamonds, has been named the premier global partner and distributor of the Royal Canadian Mint’s Opulence Collection. Read more »

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