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Top Stories of the Week |
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GIA to Offer Cheaper Lab-Grown Report |
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Digital-only document will not state growth method or treatment information.
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Cyber Monday Sees Highest-Ever Haul |
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Consumers spent $11.3 billion, up 6% year on year.
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Holiday Weekend Shopper Count ‘Shatters’ Expectations |
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Almost 200 million made purchases between Thanksgiving and Cyber Monday.
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Government Stimulus Drives Hong Kong Retail Recovery |
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Jewelry and other hard-luxury items up 14% year on year in October.
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Christie’s Garners $46M from Hong Kong Sale |
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Diamond necklace leads auction with price of $5.9 million.
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Black Friday Reels In Record Holiday Spending |
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Promotions enticed consumers to part with their cash despite inflation, Mastercard says.
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Rio Tinto Production to Slump as Diavik Dries Up |
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Output will fall to between 3 million and 3.8 million carats next year, company predicts.
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Lucara Outlook Strong Following Supply Deal |
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Miner expects revenue of up to $230 million next year.
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Petra Extends Tanzania Mine Closure |
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Production at Williamson unlikely to resume before mid-2023.
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Hong Kong Rebound Supports Luk Fook Sales |
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Revenue growth in municipality offsets weak mainland demand.
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LVMH Acquires Italian Jewelry Producer |
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Takeover of Pedemonte Group will boost Bulgari owner’s manufacturing capacity.
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Petra Diamonds Sees Rough Prices Dip 5% |
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Slow Chinese market dented demand at latest tender.
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Firestone Restarts Mining Following Long-Term Shutdown |
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Company still faces hefty financial challenges after two-and-a-half-year closure.
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Delgatto to Finance Sierra Leone Mine |
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Funds will enable Newfield Resources to increase production at Tongo site.
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Phillips Upbeat on Market After $7M Hong Kong Sale |
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26.12-carat, D-flawless diamond leads Jewels and Jadeite auction.
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