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Following 11 consecutive months of increasing turnover, the Australian Bureau of Statistics (ABS) has reported a 3.9 per cent decline in December of 2022. Image: Westfield

News
Decline during holiday season for Australian retailers

Following 11 consecutive months of increasing turnover, the Australian Bureau of Statistics (ABS) has reported a 3.9 per cent decline in December of 2022. Read more »
Ken Scarratt and Gaetano Cavalieri announces the CIBJO Academy before the start of a seminar at the VICENZAORO show on the 22 January 2023.  Image: CIBJO

News
New academy aims to strengthen jewellery industry

World Jewellery Confederation (CIBJO) president Gaetano Cavalieri recently confirmed the establishment of a ‘CIBJO Academy’ during the 2023 Vicenzaoro January trade show. Read more »

News
Melbourne Jewellery Expo successfully kicks off year

Despite some unfortunate weather on the opening day, the Australian jewellery industry’s overall sentiment appears positive following the Melbourne Jewellery Expo (MJE). Read more »
De Beers sold $US450 million in rough diamonds for the period of 16-31 January, a decline of 32 per cent compared with the opening cycle of 2022.

News
Diamond sales slump for De Beers

De Beers Group, the world’s largest diamond mining company, has announced the results of its first sales cycle for the year, noting a sharp decline in sales. Read more »

News
Nationwide members ready for Antwerp

Australia’s largest jewellery industry buying group, Nationwide Jewellers, will soon make its next voyage to Belgium, the ‘heart’ of much of the international diamond trade. Read more »
In India, importers were once forced to pay a 5 per cent tax on the import of these seeds; however, that tax has been removed after a recent campaign led by the Gem and Jewellery Export Promotion Council (GJEPC). Image: GIA

News
Campaign success for lab-created diamond supporters

In a significant win for a developing industry, the Indian Government has abolished the import tax on crucial materials used in the production of lab-created diamonds. Read more »
Trollbeads began in the late 1970s in Denmark as a beads-on-bracelet product, offering customers the chance to personalise the bracelet with interchangeable pieces. Both originating from Copenhagen, Trollbeads pre-dates rival Pandora by six years.

News
Trollbeads headed for regional Australia

Trollbeads has outlined additional plans for an expansive return to the Australian jewellery market, including a focus on regional communities. Read more »
Australia’s youngest buying group – the Independent Jewellers Collective (IJC) – will use the MJE to launch a new buying group servicing the gift and homewares category.

News
Independent Jewellers Collective launching new buying group

The Melbourne Jewellery Expo (MJE) begins at the Melbourne Convention and Exhibition Centre tomorrow (4 February) and concludes on Monday and will run alongside the Gift & Lifestyle Melbourne event. Read more »
Mike Dyer of Retail Edge said, “This repeated pattern across these three areas is exciting in the fact that it points to positive activity and good potential cash inflow as these items are completed, paid and collected. Taking these into account, you need to review your buying plan,"

News
Surprise reversal pattern observed in Australian jewellery sales

Retail Edge has released its analysis of the performance of the Australian jewellery market in January, noting an unusual change in pattern in two key areas of examination.  Read more »
Renani Jewels has unveiled a watch featuring 17,512 dazzling white diamonds and 12 black diamonds. Described as a ‘watch of good fortunes’, the timepiece has been named ‘Srinkia’. It’s a title derived from ancient Indian mythology which directly translates to ‘flower’.

News
Dazzling watch sets new world record

An ambitious jeweller in northern India is the proud owner of a new world record for the most diamonds to be set on a watch. Read more »
LVMH sales in Europe, the US, and Japan increased significantly due to strong demand from local customers and the recovery of international travel.

News
Record-breaking revenue for LVMH

French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has reported record revenue and profit for 2022. Read more »
A media release stated that "Foreign attendance was close to 60% of the total, from 136 countries around the world", while the event hosted more than 1,300 exhibitors.

News
Vicenzaoro organiser claims record attendance in Italy

Organisers have declared Italy’s 2023 Vicenzaoro January trade show to be an overwhelming success, highlighted by a record attendance from exhibitors and buyers. Read more »
Swatch Group's sales of jewellery and watches specifically increased 1.9 per cent to $US7.77 billion ($AU10.96 billion).

News
Swatch falls short of expectation despite MoonSwatch success

Swiss conglomerate Swatch Group is anticipating a strong increase in sales in the year ahead after reporting a healthy 2.5 per cent improvement for 2022. Read more »
Melanie Grant is the new executive director to replace Iris Van der Veken who resigned shortly after the conflict began, with debate over the membership of Russian mining juggernaut Alrosa reportedly causing division.

News
New leadership for the Responsible Jewellery Council

After a tumultuous 12 months the Responsible Jewellery Council (RJC) has appointed a new executive director, journalist and writer Melanie Grant. Read more »
35 fancy colour diamonds of varying shades including pink, purple and red were exchanged for an undisclosed amount. The deal has been described as Tiffany & Co’s ‘largest single purchase’ of the year. Image: Tiffany & Co.

News
Pink diamond surprise from Tiffany & Co.

The details surrounding Tiffany & Co’s purchase of a collection of fancy colour diamonds sourced from Australia’s Argyle Diamond Mine has been made public for the first time. Read more »

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