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Home > Diamond News Center > Diamond News > Financial News

Financial News

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

Alrosa records a 44% loss in First 9 months of 2014

27.11.14, 09:36 / Financial News
Russia's state-held Alrosa, the world's top diamond producer, said Wednesday its profits fell 44% year-on-year in the first nine months

Research: US Household Jewelry Spending Hit Record Levels in 2013

27.11.14, 09:04 / Financial News
The typical American household spent a record $612 on jewelry in 2013 - 5% more than in 2012 ($581 per household), according to newly released

Tiffany & Co. Revenue up 5%, Profit Down 60% in Q3

26.11.14, 09:28 / Financial News
Tiffany & Co. reported that revenue rose 5.3% year on year to $959.6 million in the third quarter, Rough & Polished reports

Chow Tai Fook Jewelry Worst affected by Uproar in Hong Kong

25.11.14, 09:35 / Financial News
Chow Tai Fook Jewellery Group Ltd is bearing the brunt of the pro-democracy protests that have been going on in Hong Kong for nearly two

Botswana Diamonds’ Loss Widens, CEO assures Shareholders Fundamentals Remain Strong

25.11.14, 08:53 / Financial News
Botswana Diamonds reported a preliminary loss of $1.61 million for the fiscal year that ended on June 30, which was up from a loss of $813,440

Retail Prices of Jewelry in the US Drop Sharply in October

24.11.14, 09:49 / Financial News
After climbing since Mother’s Day in May, retail prices of jewelry in the US market dropped sharply in October
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