RAPAPORT... The Plumb Club has become the first trade group to requireall members to sign up to the Responsible Jewellery Council (RJC). The supplier and manufacturer group hopes that other tradeassociations will follow suit, thereby ensuring the entire trade is on the samepage when it comes to responsible supply chains. "Having a standardized, universal code of practicesthroughout our indus...Read More
RAPAPORT... The Toronto Stock Exchange is set to delist StornowayDiamond Corporation following the miner's move to seek creditorprotection. The company received notice from the bourse that it would be removed from the exchange at close of business on October 18, Stornoway said last week. The exchange has already suspended the company's shares fromtrading. Stornoway's major lenders a...Read More
(IDEX Online) - Tiffany & Co. is combating the effect of falling Chinese tourism by opening up more mainland China stores. Chinese spending abroad has declined because of the yuan depreciating and uncertainty over U.S.-Chinese trade. Alessandro Bogliogo, CEO of the luxury jeweler told Bloomberg Television that while Chinese spending has dropped abroad, there have been big increases in sal...Read More
(IDEX Online) - Junior miner Diamcor Mining Inc. has reported an improvement in the total number of rough diamonds it has tendered, sold and delivered. The miner has sold 3,759.62 carats this quarter, with another 4,825 to be tendered in Antwerp in the coming weeks. Sales during the quarter total $569,000, yielding a lower-than-average price of $151 per carat. Diamcor said current price wea...Read More
(IDEX Online) - The Plumb Club has become the first industry organization requiring its members to become certified members of the Responsible Jewellery Council (RJC). The Plum Club is a current RJC association member.The membership requirement is being extended to all new and existing Plumb Club members. According to the Club, the new requirement underscores its purpose to "connect its members an...Read More
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