Новости за 03.05.2024

Pandora A/S has recently updated its revenue forecasts, indicating a strong first quarter driven primarily by its lab-grown diamond sales. The company has revised its expected organic sales growth to 8-10% for this year, up from the earlier estimate of 6-9%. Financial Performance and Market Reaction The announcement of the updated guidance and strong quarterly [...]

In a significant consumer rights case that has captured widespread attention, Rogelio Villarreal, a 27-year-old doctor from Tamaulipas, Mexico, successfully purchased a pair of rose-gold, diamond-studded earrings valued at over £10,500 for just £10 due to a pricing error on Cartier’s website.  This unusual transaction has spotlighted the enforcement of consumer protection laws in Mexico [...]

The World Gold Council’s ‘Gold Demand Trends Q1 2024 report presents a complex landscape for gold demand.  When including over-the-counter (OTC) transactions, total demand saw a year-on-year increase of 3% to 1,238 tonnes, bolstered by significant purchases by central banks and OTC investments. This was against a backdrop of a 5% drop in demand excluding [...]

The Birmingham Assay Office has announced it will provide complimentary tours of its facilities for those attending the 2024 Valuers’ Conference at the National Association of Jewellers (NAJ) Summit.  The tours, scheduled for the 21st and 24th of June, are designed to complement the conference programme and promise to enrich attendees’ experience. Learning and Development [...]

April saw a significant drop in retail sales compared to the previous year, as reported by the latest CBI Distributive Trades Survey.  The sales volumes decreased to a weighted balance of -44% in April, following a stable performance in March (+2%). This decline was unexpected and suggests that factors other than seasonal variations are impacting [...]

Anglo American has turned down a significant $38.8 billion takeover proposal from mining rival BHP.  This decision marks a pivotal moment in the mining sector, reflecting both the strategic independence of Anglo American and broader industry implications. The offer from BHP was intended to merge two of the industry’s giants, with a particular focus on [...]

Gemfields has announced its updated ‘G-Factor for Natural Resources’ figures as of 31 December 2023. The G-Factor is a metric initially introduced in July 2021, designed to enhance transparency in how natural resource wealth is distributed between companies and the governments of the countries where they operate and spans a variety of sectors, including mining, [...]

The London Diamond Bourse (LDB) has renewed its lease for the next ten years, continuing its operations in the Hatton Garden area.  This decision ensures stability for its members and maintains the LDB’s long standing presence in a key location for London’s jewellery sector. Importance of Hatton Garden Hatton Garden has been central to London’s [...]