(IDEX Online) - Martin R. Siegel, chairman of Hamilton Jewelers, passed away on December 17 in Florida. He was born in Trenton, N.J. and served in the US Army Artillery in Germany in 1953-54. Upon his return from the armed services, he joined his father as the second generation of his family to work at the heritage fine jeweler, Hamilton Jewelers. He was elected president of Hamilton in 1968...Read More
(IDEX Online) - Alrosa's supervisory board has approved a three-year strategy to develop its cutting and polishing complex and for integrating the Smolensk diamond factory Kristall into the Alrosa Group. Alrosa acquired Kristall in October.The plan includes measures to improve efficiency, production cycle optimization and the creation of a consolidated sales system for polished diamonds.Alros...Read More
(IDEX Online) - MJSA (Manufacturing Jewelers & Suppliers of America) has re-elected current chairman Steven Cipolla for a one-year term as chair of the organization's board of directors. The jewelry making and design association also announced the addition of five new directors to the board. Cipolla is the president of National Chain Group, a full-service contract manufacturer and su...Read More
JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American has announced a $13.5-million agreement with First Mode to develop innovative technology for the mining industry.First Mode, of Seattle, which has been working with Anglo to develop the world’s biggest hydrogen fuel cell haul truck for Anglo American Platinum in Limpopo, will be supporting projects across...Read More
Canadian company Lucara Diamond Corp, which operates the Karowe mine, in Botswana, has had stronger-than-expected finish to the year, with the final tender "reflecting a more stabilised market environment".Lucara generated sales proceeds of $52.9-million in the final tender held on December 12, achieving an average price of $548/ct. The sales proceeds exceeded expectations by 16%.Adverti...Read More
RAPAPORT... Martin Siegel, the chairman of Hamilton Jewelers who wasinstrumental in growing the US retailer's brand, died on December 17, thecompany announced. He was 86. Born in New Jersey, Siegel joined his father'sfine-jewelry business on leaving the army in the 1950s. He became president in1968, and served as chairman from 1994 until his death. The company now hasstores in Princeton, New Jerse...Read More
RAPAPORT... Lucara Diamond Corp. achieved higher sales than itexpected at its final tender of the year as market stabilization drove anincrease in rough prices.The owner of the Karowe mine in Botswana brought in $52.9million, 16% above its prediction, capping off a year of revenue growth, itsaid in a statement Wednesday."Though it is too early to call a trend, prices achievedin our final sale of t...Read More
PERTH (miningweekly.com) – Junior Gibb River Diamonds has stepped up to the plate at the now defunct Ellendale diamond mine, in Western Australia, with the company accepting Mines and Petroleum Minister Bill Johnston’s offer to apply for new tenements at the project area.The Minister has also invited India Bore Diamond Holdings to apply for other tenements at the site.AdvertisementThe...Read More
RAPAPORT... De Beers has provided its rough-diamond clients andForevermark partners with guidelines on how to operate in the lab-grown diamondmarket if they wish to continue tapping into its branding.The mining company, which in 2018 forayed intogem-quality synthetics with the launch of its Lightbox brand, is demanding businessesmake full disclosure about their product, segregate synthetics f...Read More
RAPAPORT... Manufacturing Jewelers & Suppliers of America (MJSA) hasreelected Steven Cipolla as its chairman for another one-year term.Cipolla is president of National Chain Group, a contractmanufacturer and supplier based in Rhode Island. He has served on the boardsince 2013, becoming chairman in 2016. The board also took onfive new directors, who were elected tothree-year terms, the tra...Read More
RAPAPORT... De Beers' rough sales totaled $425 million in December,the highest since April, as lower price levels and better profit marginsspurred an upturn in demand from sightholders. Buyers are returning to the market after six months ofsluggish activity, market sources said. While sales were 22% lower than a yearago, they improved compared with November's total of $400 million, De Beersreporte...Read More
RAPAPORT... Italian luxury-goods industry group Altagamma has appointedPomellato CEO Sabina Belli as vice president of its jewelry division. Belli will take on the role in addition to her responsibilities at Pomellato. She has been with the Kering-owned brand since 2015,starting out as managing director. She previously worked as managing director of brand and communications at Bulgari. The g...Read More
RAPAPORT... Pandora has hired Carla Liuni as chief marketing officer as the jeweler continues it efforts to reignite consumer demand. Liuni was general manager of Procter & Gamble's luxury personal-care division, Prestige, for 20 years. She joined Bulgari in 2015 as worldwide head of marketing and communication. "As part of our turnaround program, we are significantlystepping up our mark...Read More
Aim-listed miner Vast Resources on Wednesday confirmed that progress continues to be made towards drawdown of tranche one of the binding documentation with Atlas Capital Markets.Both parties are said to be working together with the intent to effect the drawdown before December 31, 2019.AdvertisementFurther announcements are expected as it progresses.To watch Creamer Media's latest video reports, c...Read More
Anglo American has announced that the value of rough diamond sales for De Beers’ tenth cycle of 2019 amounted to $425-million.This is an improvement of $25-million on the ninth sales cycle, which saw De Beers rake in $400-million.AdvertisementCEO Bruce Cleaver said that the company saw “further signs of steady demand” during the cycle following continued polished diamond price st...Read More
RAPAPORT... Italian luxury-goods industry group Altagamma has appointedPomellato CEO Sabina Belli as vice president of its jewelry division. Belli will take on the role in addition to her responsibilities at Pomellato. She has been with the Kering-owned brand since 2015,starting out as managing director. She previously worked as managing director of brand and communications at Bulgari. The g...Read More
RAPAPORT... Pandora has hired Carla Liuni as chief marketing officer as the jeweler continues it efforts to reignite consumer demand. Liuni was general manager of Procter & Gamble's luxury personal-care division, Prestige, for 20 years. She joined Bulgari in 2015 as worldwide head of marketing and communication. "As part of our turnaround program, we are significantlystepping up our mark...Read More
(IDEX Online) - Jewelers Mutual is using artificial intelligence (AI) to deliver improved customer experiences, prevent losses and provide better protection and policies for both jewelers and customers.The company has turned to AI and machine learning (ML) company H2O.ai and its H20 Driverless AI to build machine learning models for predicting customer lifetime value and prevent high severity loss...Read More
(IDEX Online) - De Beers today said it provisionally sold $425 million worth of rough diamonds at its tenth and final Sight of the year, which took place earlier this month.This compares to sales of $544 million in 2018. Sight 1Sight 2Sight 3Sight 4Sight 5Sight 6Sight 7Sight 8Sight 9Sight 102019$500 M$496 M$581 M$416 M$391 M$250 M$287 M$297 M $400 M $425 M(Provisional)2018$672 M$563...Read More
(IDEX Online) - Carla Liuni, formerly vice president of Global Marketing & Communication at Bulgari, is joining Pandora as its chief marketing officer. She will also serve on Pandora's Executive Leadership Team. For the past four years Liuni, who will join Pandora in March 2020, has been responsible for marketing and communication at Bulgari. Prior to that, she spent almost 20...Read More