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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

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 »
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

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 »
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

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 »
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

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

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

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 »
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

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 »
Ronnie Bauer, vice-president of the JAA issued an apology: “I acknowledge that between 2016 and 2019 I was not on the [JAA] board and as such I was not privy to any negotiations that were conducted by the JAA and Expertise Events".

News
JAA vice president retracts comments and apologises

In a surprising turn of events Jewellers Association of Australia (JAA) vice president Ronnie Bauer has retracted recent statements made about Expertise Events. Read more »
The Melbourne Jewellery Expo is a dedicated space featured under the roof of the Gift & Lifestyle Fair and Frontlines FAB event; an ideal combination for retailers wanting to maximise their time and see a broad range of complementary products.

News
Melbourne Jewellery Expo sells out months in advance

The Melbourne Jewellery Expo has officially sold out according to event organiser Expertise Events. Read more »
Audiatec uses CVD (chemical vapor deposition) to create diamonds in monocrystalline form on disks.

News
Diamond Foundry purchases Germany's Audiatec

US based lab-created diamond manufacturer Diamond Foundry has purchased Augsburg Diamond Technology, also known as Audiatec. Read more »
Earlier this week, Financial Services Minister Stephen Jones said the sector could soon face similar oversight measures as credit cards.

News
New regulations coming for ‘buy now, pay later’ sector

Australia’s Federal Government has warned of incoming regulations for the multi-billion dollar ‘buy now, pay later’ (BNPL) industry. Read more »
De Beers Jewellers has opened up a pop-up store in the US in a partnership with two prominent watch retailers.

News
Modest sales for De Beers amid interruptions

The De Beers Group has announced the results of its penultimate sales cycle for 2022, noting an 11 per cent decline compared with the previous cycle. Read more »
Wallace Bishop was founded in 1917 by Bishop’s grandfather, after whom he was named. He joined the family business in 1950, becoming chief executive officer in 1976.

News
Celebrated Queensland jeweller passes away

Wallace Bishop, the long-serving leader of one of Australia’s most prominent jewellery businesses, has passed away aged 88. Read more »
Among the issues highlighted by Denaro was a JAA plan to create an ‘Australian Jewellery Industry Federation’ that she believed was misguided.

News
JAA addresses industry backlash; denies plans for "authoritarian regime"

The Jewellers Association of Australia (JAA) has released a statement acknowledging industry backlash to the revelation that it has plans for the formation of a new industry ‘mega-body’. Read more »
Despite the positive figures, Richemont remains cautious about the future, informing the media in the past week that the company plans scale back marketing and events to reflect a more subdued economic environment.

News
Richemont cautious heading into 2023

Swiss luxury goods company Richemont has released a second quarter sales report highlighted by strong sales improvement. Read more »

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