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Home > Diamond News Center > Diamond News > Financial News

Financial News

Sotheby’s Graff Ruby sets Record Price at $8.6 Million, Auction brings Total of $95 Million

13.11.14, 09:21 / Financial News
Sotheby’s Geneva sale of Magnificent & Noble Jewels on Wednesday was led by the “Graff Ruby” from the Collection of Dimitri Mavrommatis. ...

Alibaba Processes a Staggering $9 Billion in Sales On Singles Day

12.11.14, 11:22 / Financial News
The Alibaba Group processed $9.3 billion in merchandise sales for “Singles Day” - the annual 11.11 online shopping festival in China

Sarine Technologies Sets Record Income and Profits for Q3

12.11.14, 09:58 / Financial News
Sarine Technologies, developer and manufacturer of precision technology products for the diamond industry, has posted record quarterly revenues

Zimbabwe Mulls Ending Tax on Diamond Miners and Tax Royalties

10.11.14, 08:48 / Financial News
The government of Zimbabwe plans to eliminate a 15% value added tax levied on diamond miners, Mining.com reports. This is part of a

Gearing up for the Holiday: Polished Diamond Prices Fall 1%-4% in October

05.11.14, 09:09 / Financial News
Polished diamond prices continued to decline in October as suppliers sought to increase turnover and raise liquidity levels, Diamonds Net

Research: Luxury Sales to drop 2% in China and 18% in Russia by end of 2014

02.11.14, 09:47 / Financial News
According to research by consultancy Bain & Co., sales of luxury goods are expected to drop 2% in mainland China and 18% in Russia this

Petra Diamonds Posts 55% Jump in Revenue for Q1, Setting New Record

28.10.14, 08:12 / Financial News
Petra Diamonds reported that revenue grew 55% year on year to $100.8 million during the first fiscal quarter that ended on September 30

US CPI for Jewelry Down 4% in September, Polished Prices Down 3%-5%

23.10.14, 09:07 / Financial News
The US consumer price index (CPI) for jewelry declined 3.8% year-on-year to 172.35 points in September, although it was the highest
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