olished dealers optimistic. Positive momentum amid busy Valentine’s Day in US and initial reports of robust Chinese New Year season. Asian market shut for lunar festival. E-commerce driving growth; online accounting for nearly 25% of total retail in China. Kering 2020 jewelry sales weak in.
RAPAPORT. India has recorded its third consecutive monthly rise in polished-diamond exports, with shipments increasing 9% year on year to $1.8 billion in January. That followed gains of 42% in November and 38% in December, reflecting a release of pent-up demand ahead of the US and Chinese.
Kering reported solid sales in its jewelry and watch divisions in 2020, as resurgent demand in mainland China helped offset weakness in Europe.“The jewelry houses, penalized by their exposure to Western Europe, reported strong sales growth in Asia,” the owner of high-fashion houses Gucci and.
Mining operations at Gahcho Kué remain suspended following the identification of further employees who have tested positive for Covid-19.A total of 15 infections have been discovered at the Canadian site, which is jointly owned by De Beers and Mountain Province, a De Beers spokesperson told.
Angola’s state-owned diamond company, Endiama, has signed a joint-venture agreement with trade and investment group Gemcorp to develop the Mulepe diamond deposit.The site, located in the Lunda Norte region of the country, contains significant kimberlite and alluvial deposits, Gemcorp said last.