RAPAPORT... Rio Tinto has unveiled a necklace-and-ring set worth $1.1million, created from 673 diamonds recovered from its Argyle mine in Australia. The jewels, called Argyle Dreaming, were handcrafted byjewelry designer John Calleija using pink, white, yellow, blue and champagnediamonds, as well as gold from Rio Tinto's Kennecott mine in the US, thecompany said last week. Pieces in the set,...Read More
RAPAPORT... Phillips's Jewels and Jadeite auction in Hong Kong willfeature a rare Van Cleef & Arpels Zip necklace, one of only a few thejeweler made. The piece, which includes diamonds, sapphires and lapislazuli, is estimated at HKD 3.5 million to HKD 4.5 million ($446,4508 to$574,000). Wallis Simpson, the duchess of Windsor, initially suggestedthe design idea to Ren?(C)ePuissant, the co...Read More
RAPAPORT... The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for a total of between $727.9 billion and$730.7 billion, the organization noted. The average increase over the past fiveyears was 3.7%, it added. "There is...Read More
(IDEX Online) - The National Retail Federation (NRF) is predicting holiday retail sales during November and December will increase between 3.8 percent and 4.2 percent over 2018 to a total of between $727.9 billion and $730.7 billion. This is just slightly above the average 3.7 percent increase seen over the past five years.NRF expects online and other non-store sales, which are included in the tot...Read More
RAPAPORT... Gem Diamonds has obtained a 10-year lease to continue miningat the lucrative Let??eng deposit in Lesotho, but will haveto pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also given the miner an exclusive right to renew the lease for anadditional decade, the company said in a statement Friday. Gem Diamonds must pay 10% of diamond sa...Read More
(IDEX Online) - The mining lease for the Let?... ?eng mine in Lesotho has been renewed for 10 years, Gem Diamonds Ltd has announced. This is the maximum period allowed under the 2005 Mines and Minerals Act. Under the terms of the new lease, the royalty payable in respect of diamonds sold by Let?... ?eng has increased from 8 percent to 10 percent, effective immediately. Gem will continue...Read More
(IDEX Online) - Against the backdrop of ongoing pro-democracy protests, retail sales in Hong Kong registered the largest year-on-year decline on record. All aspects of trade have been hit with the jewelry, watch, clock and valuable gifts category seeing a massive 47 percent decline in August.Department stores sales fell 30 compared to a year ago with 30-80 percent of the city's stores closed...Read More
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Russ Parker has been the CEO of Crater Gold Mining Limited (ASX:CGN) since 2015. First, this article will compare CEO...Read full newsRead More
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