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Diamonds net - Bain Makes a Case for Resale

Diamonds net - Pandora Reopens Some Stores, Sees Strong Sales

Pandora restarted business at a number of locations that had been on lockdown, amid strong sales growth in February.Approximately 25% of the Danish jeweler’s retail network is currently closed due to a resurgence of coronavirus cases, compared to 30% in January, it said Tuesday. The company’s.

Diamonds net - De Beers, Alrosa See Sales Rise

RAPAPORT. Sales momentum continued for the two largest diamond miners in February amid higher rough prices and strong retail demand in the US and China. De Beers raked in $550 million at its second sales cycle of the year, an increase of 52% versus the equivalent trading session in 2020, it reported Wednesday. Alrosa saw more moderate growth of 7% for a total of $372 million at its February sale, with rough revenue up 5% at $361 million. Polished sales at the Russian miner jumped to $12 million from $4.1 million a year earlier. “Midstream buyers continued to express healthy demand following better-than-expected retail sales of diamond jewelry over Christmas, Chinese New Year and Valentine’s Day, with the industry now set to enter what is traditionally a period of lower seasonal demand,” said De Beers CEO Bruce Cleaver.

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