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De Beers Rough
India Calls for Inventory Caution
India’s major trade body has again urged members to avoid taking on unsellable diamond inventory, arguing that the industry’s recent improvement has been only partial.While polished demand is increasing and some categories are...
Rough Markets Aug 26, 2020 Rapaport News
Alrosa rough sorting at Mirny.
Alrosa Nearing Inventory Deal with Govt.
Alrosa expects to finalize a sale of rough to Gokhran in the next two months, aiming to reduce its stockpiles while ensuring the diamond industry doesn’t receive a flood of goods.Gokhran — Russia’s state gem and precious-metal depository — would...
Rough Markets Aug 06, 2020 Joshua Freedman
Alrosa Reduces Inventory in First Quarter
Alrosa maintained its production forecast for 2020 as the company reduced its rough-diamond stockpiles in the first quarter despite weak market conditions.The miner expects production to fall 11% to 34.2 million carats this year,...
Mining Apr 16, 2020 Rapaport News
De Beers rough and polished
De Beers Optimistic After 2019 Earnings Slump
De Beers gave a positive outlook for 2020 due to an improvement in the industry’s inventory situation, despite growing concerns about Chinese demand.Early data from the holiday season indicate midstream stock levels are more balanced...
Mining Feb 20, 2020 Rapaport News
ALROSA's Udachniy mine
ALROSA Caps 2016 Output to Reduce Stocks
ALROSA’s production fell 2 percent to 37.4 million caratslast year in line with the miner’s plan to keep inventory in check.The company reduced output fromalluvial deposits in the second and third quarters in order to align with the...
Mining Jan 30, 2017 Rapaport News
JTV Selects Riversand for Digital Product, Media Management
Jewelry Television (JTV) selected Riversand Technologies, a provider of product and data information management solutions, to manage the retailer's information and media assets with MDMCenter™. JTV stated that Riversand offered a simple and clean...
Technology Jun 05, 2015 Jeff Miller
Ekati Mine
Dominion Diamond's Full-Year Sales Jump 22%
Dominion Diamond Corporation reported that its sales rose 3.2 percent year on year to $240.6 million in the fourth quarter that ended on January 31. Cost of sales dropped 10.9 percent to $179.8 million, driving up gross...
Financial-Legal Apr 09, 2015 Jeff Miller
tiffany small
Tiffany & Co.'s Revenue +5%, Profit -60%
Tiffany & Co. reported that revenue rose 5.3 percent year on year to $959.6 million in the third quarter that ended on October 31. Same-store sales rose 4 percent. The jeweler reduced cost of sales by 0.8...
Financial-Legal Nov 25, 2014 Jeff Miller
Signet Records $1M Loss, Same-Store Sales +4%
Signet Jewellers Ltd. reported that revenue rose 52.7 percent year on year to $1.18 billion for the third quarter that ended on November 1, on a condensed consolidated basis that included the acquisition of Zale. Comparable-store sales...
Financial-Legal Nov 25, 2014 Jeff Miller
Overstock Adds Bidz Inventory to 'Jewelry Liquidation Vault'
Press Release: In a move reminiscent of the founding days of Overstock.com (Nasdaq:OSTK), the online shopping site and liquidation pioneer has purchased the entire inventory of online jewelry company Bidz.com, out of foreclosure."We don't want to lose...
Gemstones Oct 28, 2014 Overstock
Shane & Co. Simplifies Omnichannel Retailing
Shane Co. implemented Retalon inventory and assortment management solutions to maintain product assortment and inventory levels across all of its channels. Retalon provides retail predictive analytics solutions and, in Shane Co.'s case, which...
Technology Oct 21, 2014 Jeff Miller
tiffany store
Tiffany & Co.'s Sales +7%, Profit +16% to $124M
Tiffany & Co. reported that revenue rose 7.2 percent year on year to $992.93 million in the second fiscal quarter that ended on July 31. Same-store sales increased 3 percent. The jeweler held cost of sales...
Financial-Legal Aug 27, 2014 Jeff Miller
London Diamond Bourse Launches Platform for Member Inventory
Press Release: London Diamond Bourse members can now search goods from fellow members in the latest unveiling on their website. This exciting initiative is the latest development in the London Diamond Bourses passage into...
Polished Markets Aug 20, 2014 LDB
JCPenney Notes Good Demand for Fine Jewelry, Narrows Loss to $172M
J.C. Penney Company Inc. reported that revenue increased 5.1 percent year on year to $2.8 billion in the second quarter that ended on August 2, while same-store sales rose 6 percent. The retail giant reported a loss...
Retail Aug 14, 2014 Jeff Miller
66Mint Launches Memogems Online Platform
Press Release: Joseph and Marcus Chait, the third and fourth generation, father and son owners of 66mint Fine Estate Jewelry and San Francisco Provident, have launched a revolutionary new web platform called...
Technology Aug 07, 2014 66 Mint
Chow Tai Fook Store
Chow Tai Fook's FY Revenue +35%, Profit +31%
Chow Tai Fook's revenue jumped 34.8 percent year on year to $10 billion (HKD 77.4 billion), while cost of goods sold soared 36.7 percent to $7.3 billion (HKD 56.3 billion) for the fiscal year...
Financial-Legal Jun 17, 2014 Jeff Miller
DGSE Reaches Settlement With the SEC
DGSE Companies Inc. reached a settlement with the U.S. Securities & Exchange Commission (SEC), without admitting or denying allegations of wrongdoing and it concludes an investigation into the company's accounting issues that were brought forward...
Financial-Legal May 29, 2014 Jeff Miller
tiffany store
Tiffany & Co.'s FY Revenue +6%, Profit -56% to $181M
Tiffany & Co.'s worldwide sales rose 5 percent year on year to $1.298 billion and same-store sales improved 2 percent for the fourth quarter that ended on January 31. The retailer's cost of sales increased 1.6...
Financial-Legal Mar 21, 2014 Jeff Miller
Lampert Says Sears Reinvention Is Ahead of the Curve as Others Struggle
Sears Holdings reported that sales declined 13.6 percent year on year to $10.6 billion for the fourth quarter that ended on February 1 and included the Christmas period. Gross margin dropped to 23.4 percent from...
Retail Feb 27, 2014 Jeff Miller
Ekati Mine
Dominion Diamond Reports Loss of $4M, Rough Sales +79%
Dominion Diamond Corporation reported that rough diamond sales rose 78.8 percent year on year to $151.64 million for the third quarter that ended on October 31. One year ago, before the mining company...
Mining Dec 10, 2013 Jeff Miller
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