U.S. slips to fifth place on prestigious ranking due to political and economic issues

12 Sep, 2011
The United States has slipped to fifth place on a global ranking of the world’s most competitive economies due to its huge budget deficit and declining public confidence in government, according to a report by the World Economic Forum. Western... read more
 

Diamond manufacturer Hearts On Fire launches ground-breaking ad campaign

11 Sep, 2011
A new advertising campaign by Hearts On Fire, the Boston-based diamond company, aims to appeal to a range of buyers. The new campaign features customized messages in digital and print ads, and it also aims to increase awareness of its brands by... read more
 

'Golden Eye Diamond' sells at auction for close to $3 million

9 Sep, 2011
The 43.51-carat rectangular yellow stone known as the 'Golden Eye Diamond' sold at auction on Thursday for $2,843,623. Media reports said that a married couple, Jerre and Donah Hentosh, placed the winning $2.84-million bid. Jerre Hentosh told... read more
 

America posts 25 percent rise in imports of polished diamonds in July

9 Sep, 2011
The United States recorded an increase of 25 percent in imports of polished diamonds in July compared with the same month last year to $2.06 billion. As for exports of polished goods, they also rose strongly, showing a 20-percent increase to $1.42... read more
 

Harry Winston Diamond Corp reports jump in revenues but profits down

8 Sep, 2011
Miner and retailer Harry Winston Diamond Corp announced a 45-percent increase in sales in its second quarter ending July 31 to $222.4 million. In a statement, the firm said sales were driven by strong consumer demand and a sharp rise in prices of... read more
 

Elizabeth Taylor's diamonds and jewels to be auctioned in December, says Christie’s

8 Sep, 2011
Auction house, Christie’s, which is selling the jewelry collection of former Hollywood star Elizabeth Taylor, said the first in a four-day series of sales will take place in December. Christie’s said it will offer 80 of Taylor’s most important... read more
 

Zale Corp plans to close 25 stores in fiscal year 2012, changes product assortment

7 Sep, 2011
Giant U.S. jewelry retailer Zale Corp plans to close 25 stores in fiscal year 2012, senior company executives said at a conference call following the announcement of its fourth quarter financial results. The company has also made changes to the... read more
 

Zale Corp says senior executive to speak at conference, appoints new CFO

7 Sep, 2011
Zale Corporation, a leading jewelry retailer, announced that Chief Administrative Officer and Chief Financial Officer Matt Appel will speak at CL King's 9th Annual Best Ideas Conference in New York City on September 13. A live audio webcast of the... read more
 

Gold soars to record high on U.S. and European economic worries

6 Sep, 2011
Gold surged to record levels above $1,920 an ounce on Tuesday, driven by fears that Europe's debt crisis will deteriorate further, as well ongoing concerns relating to tepid U.S. economic growth. The price slipped back later in the day to just over... read more
 

U.S. Ambassador to Zimbabwe says helping in effort to export diamonds from Marange

5 Sep, 2011
The U.S. government is working with the Kimberly Process (KP) in helping Zimbabwe to export certified diamonds from the disputed Marange diamond areas in the east of the country while ensuring that the rights of workers and local communities are... read more
 
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