IDEX Online - News

India's Rough Diamond Imports Surge in April

Thu, 24 May 2012 11:46:00 GMT

India's rough diamond imports jumped 20.3 percent in April, an unexpected increase taking place when polished diamond trading is very quiet.

Signet Jewelers Revenues +1.4% in Q1

Thu, 24 May 2012 11:14:00 GMT

Signet Jewelers had somewhat improved business, reporting rising revenues and net earnings in the first quarter. Sales were up 1.4 percent to $900 in the quarter ended April 28.

Tiffany Sales Up in Q1, Profit Hurt by Poor U.S. Performance

Thu, 24 May 2012 07:36:00 GMT

Tiffany & Co.'s net sales in the first quarter increased 8 percent to $819 million, though net earning improved by only 1 percent, the company reported Thursday.

Chinese Diamond Jewelry Desire Strengthening

Thu, 24 May 2012 06:41:00 GMT

(IDEX Online News) – Chinese jewelry buyers are no longer restricting their diamond purchases solely for bridal or investment purposes. That, and other key findings, are the results of a market research commissioned by Rio Tinto that confirms the growing trend towards diamond fashion jewelry in China.

Is the De Beers Class Action Suit Nearing Conclusion?

Thu, 24 May 2012 06:04:00 GMT

The ongoing saga of the nearly $300 million De Beers keeps dragging through various courts, but an end may be in sight. On Monday, the U.S. Supreme Court denied the final petition for review in the De Beers Class action settlement.

The IDEX Online Polished Price Report for May 24, 2012

Thu, 24 May 2012 05:11:00 GMT

Polished prices were rather stable this week, partially due to very low levels of trading activities. The limited business is uncharacteristic for this time of the year, when traders usually roundup goods for the large JCK Las Vegas trade show.

SDX to Offer Diamond Portfolios to HNW Investors

Thu, 24 May 2012 04:16:00 GMT

Knowing that more investors are looking for alternative venues to store their wealth, Singapore Diamond Exchange (SDX) is offering diamond portfolios starting at $250,000, going up to over $1 million.

Lazare Kaplan Announces The Lazare Ongoma Education Initiative

Thu, 24 May 2012 03:22:00 GMT

Lazare Kaplan International Inc. (LKI) yesterday (Wednesday) announced the launch of its The Lazare Ongoma Initiative (LOI), which will focus on education in Africa through the support of the Five Rand Primary School in Okahandja, Namibia.

Ian Smillie Receives Honorary Doctorate

Thu, 24 May 2012 02:58:00 GMT

Ian Smillie, chair of the board of directors of the Diamond Development Initiative International (DDI), received an honorary degree from Clark University in Worcester, Massachusetts.

Rising Earnings, Shrinking Loss for Zale

Wed, 23 May 2012 14:56:00 GMT

Zale Corporation reported an 8.1 percent increase in earnings in the third quarter, totaling $445 million. The improved results were not enough to prevent another quarterly loss however, it was cut down.