Armed Robbers Kill Security Officer, Steal Diamonds at Namdia
Two suspects are still on the run, while one is in custody and another is dead.
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Belgian Diamond Sector Seeks Government Support
AWDC asks for help in procuring bank accounts, work visas and other assistance for international players who want to relocate for business.
Belgian Diamond Sector Seeks Government Support
AWDC asks for help in procuring bank accounts, work visas and other assistance for international players who want to relocate for business.
Armed Robbers Kill Security Officer, Steal Diamonds at Namdia
Two suspects are still on the run, while one is in custody and another is dead.
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Market Comment – Jan. 16, 2025
Signet share price plummeted 22% on Jan. 14 after holiday same-store sales -2% YOY, with weak fashion sales and shift to lower price points. Share price declined 43% over past 3 months.
Independents had better season than large chains.
Drop in consumer prices for synthetics incentivizing retailers to sell natural.
Richemont fiscal 3Q sales at jewelry maisons +14% YOY to $4.6B.
Rupee depreciation (-3% since Oct. 1 to INR 86.6/$1) may reduce Indian demand. Industry cautious about taking on inventory.
Alrosa reduces prices by about 8% at Jan. sale.
Low sales expected at next week’s De Beers sight.
India 2024 net polished exports -20% to $7.8B, net rough imports -16% to $11.3B.