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How well will your Jewellery wear? |
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Sometimes jewellery is made from materials that are beautiful, but not suitable for being worn every day, and some jewellery is made in a way that makes it fragile, or very difficult to repair, or prone to becoming worn very quickly. We think it's important that you know if your jewellery needs special care to look after and keep well maintained, so all our Insurance Valuations give a durability rating.
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Jeweller cuts margin to bolster Sales |
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The tougher economic times have forced Michael Hill International to discount more heavily than normal, squeezing margins but helping the jeweller to avoid the kind of dramatic drop in sales facing some retailers. |
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Dubai to tender the world's finest Pearls |
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Some of the world’s rarest and most sought-after natural and cultured pearls will be offered in a private tender of the Dubai Pearl Exchange (DPE). |
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De Beers to cut production, jobs and spending |
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The world's largest diamond producer will streamline its operations across the board, a company official told Reuters. While it has no plans to shut down mines, the company plans to trim production, cut jobs and reduce the volume of rough that will be put on sale. |
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Diamond sells for recession-busting $45 million |
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What recession? Christie's of London, the famed auction house, this week sold a nearly 36-carat diamond for NZ$45 million, which it said was the highest price for a diamond sold at auction. |
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478-carat diamond lights up Dubai conference |
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Dubai, United Arab Emirates—A nearly 500-carat rough diamond recovered from a mine in Africa earlier this year made its public debut—and received its official name—during a press conference on Saturday. |
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Einstein's watch fetches record at auction |
New York—A timepiece owned by Albert Einstein went on the block at Antiquorum's fall auction in New York City.
The timepiece is a Longines wristwatch that was made in 1930 and presented to the iconic scientist the following year in Los Angeles. It is a fine, tonneau-shaped watch in 14-karat yellow gold and is accompanied by various photos showing Professor Einstein wearing it. |
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Gold and platinum prices drop |
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One year ago this month, gold broke past $800USoz and for the following five months it proceeded to climb towards a new record of $1,032USoz by March. But now with a broad-based commodities sell-off underway, it will be interesting to see whether or not gold can even maintain year-to-year comparative gains as 2008 comes to a close. On the week, gold is down 6.9 percent as of 12 p.m. in New York and from one year ago today gold is up only 3 percent vs. a registered gain of 25 percent one week ago. |
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Weaker Diamond prices predicted |
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Investment analysts RBC Capital Markets said it expects polished and rough diamond prices to weaken as the economic slowdown in the United States and Europe impacts jewelry demand. |
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Letseng Diamond Mine Produces 478 Ct Whopper |
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The Letseng diamond mine in Lesotho has again lived up to its ‘big-stone’ reputation, producing the largest rough diamond of the year and the 20th biggest in history. |
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Diamond price rises average 16 percent in 2008 |
De Beers reported Tuesday it has increased its rough diamond prices by an average 16 percent so far in 2008, including last week’s August sight.
The company’s sales unit, Diamond Trading Company (DTC,) explained that the strongest increases were seen in rough that produces “highly sought after SI+ and above 1 carat when polished.” |
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Michael Hill buys US stores |
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Jeweller Michael Hill today announced a cut price deal to buy 17 stores in Illinois and Missouri from the Chapter 11 bankruptcy of Whitehall Jewelers Holdings. |
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Flat June Retail Jewellery Sales |
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Actual retail sales from Watch and Jewellery retailing remain flat through June 2008, in line with most other New Zealand retail sectors. Figures provided by Statistics New Zealand show Watch & Jewellery retail sales of $23.6 million for the June month. |
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Michael Hill poised for US market |
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It is likely that 17 Whitehall Jewellers stores in the Chicago area will soon become Michael Hill jewelry stores, according to an investment firm working with the latter company. |
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Michael Hill reports record profit |
Michael Hill International Ltd had flat sales in New Zealand in its latest financial year but made more profit.
Its 52 jewellery stores here helped the business notch up revenue of $97million in New Zealand in the year to June 30, down 0.4 percent from the same period last year.
The company's earnings before interest and tax in New Zealand increased 8.3 percent to $14.697m. The operating surplus as a percentage of revenue increased from 13.9 percent to 15.1 percent. |
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Jewellery Exports drop in June |
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A 67 percent drop in the core value of Jewellery Exports is the most significant figure from the latest Statistics New Zealand data. While at the same time Jewellery Imports stayed relatively stable at $6.09 million for June. |
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New Zealand Jewellers join CIBJO |
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The Jewellers & Watchmakers of New Zealand Inc. (JWNZ) has become the 39th member of CIBJO, the oldest international jewellery and gemstone industry advocacy group. CIBJO's primary purpose is as a decision-making body to promote international co-operation in the industry and to consider issues that concern the trade worldwide. Foremost among these is the protection of consumer confidence in the jewellery industry. |
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Diamonds Attract Funds as Large Gem Prices Surge 76% |
Diamonds, like art, are a commodity that is gaining attention as an alternative investment.
Increases in the price of the rarest colourless and coloured diamonds are attracting wealthy investors and structured funds as stock markets and real-estate values decline. |
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Stronger Diamond Imports for June |
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We previously reported a significant drop in diamond imports for the year to the end of May. However in June, there was a bounce back, with a 50% increase in polished diamonds over the May import figures, according to information released from Statistics New Zealand. |
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August 08 Economic Factors |
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Every month we set our Economic Factors - the current price of precious metals and exchange rates that we use in our jewellery valuations. |
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