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Home > Diamond News Center > Diamond News > Financial News

Financial News

Kiran Gems Renews its Long-Term Supply Contract with ALROSA

16.12.14, 09:25 / Financial News
Kiran Gems, the world’s largest manufacturer of diamonds, has renewed its contract with Russian miner ALROSA, signing the long term supply

Polished Diamond Suppliers Reduce Prices in November

04.12.14, 09:32 / Financial News
Polished diamond prices fell again in November as suppliers lowered prices in an effort to raise cash flow, Rapaport reports. Tight liquidity

The Super Bowl of Shopping: Cyber Monday Sales Break Record, Reach $2 Billion

03.12.14, 09:05 / Financial News
Online shoppers set a set a single-day spending record on Cyber Monday, Huffington Post reports. According to comScore Inc., online sales

Thanksgiving Numbers: Brick and Mortar Sales Down 11%, Online Sales Up 15%

02.12.14, 08:45 / Financial News
First sales numbers are in for the Thanksgiving weekend: According to to the National Retail Federation and as quoted by Diamonds Net

Chow Tai Fook Explores Diamond Mine Acquisitions

01.12.14, 09:13 / Financial News
Chow Tai Fook Jewellery Group, the world’s largest listed jeweler, is considering acquiring stakes in diamond mines to secure long-term

A 50-Carat Burmese Diamond Necklace Fetches $800k in Sotheby’s HK Sale

01.12.14, 09:05 / Financial News
A ruby and diamond necklace with 50 carats of unheated “Pigeon’s Blood” Mogok Burmese rubies was the top lot in Sotheby’s Hong Kong Fine

Boom and Crash: Black Friday Sales drop 7%, Thanksgiving Sales soar 24%

01.12.14, 08:43 / Financial News
American consumers spent $9.1 billion on Black Friday, a decline of 7% compared with the same day last year, said data research firm ShopperTrak

India eases up Gold Import Rules, Scraps 80:20 Rule

30.11.14, 09:42 / Financial News
In a move that will likely be celebrated across the gems and jewelry industry of India, the government dissolved the 80:20 gold import scheme
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