Helzberg Diamonds has teamed up with celebrity designer Jenny Packham to create a colorless lab-grown diamond bridal collection, which it claims is the first in the jewelry industry.The 12-piece line, which contains both engagement rings and wedding bands, is available online and at a selection.
The All India Gem and Jewellery Domestic Council (GJC) has named Ashish Pethe as its new chairman as part of a shake-up of its leadership team.The council, which represents India’s domestic jewelry industry, elected nine new board members, who in turn picked Pethe as chairman, he told Rapaport.
RAPAPORT. Swatch Group, which owns Harry Winston and several prestigious timepiece brands, saw sales tumble last year as lockdowns around the world sapped demand, especially at tourist locations.Revenue fell 32% to CHF 5.6 billion ($6.21 billion) in 2020, the Swiss company reported last.
Dominion Diamond Mines has completed the sale of its Ekati mine in Canada, and has resumed operations at the site.Arctic Canadian Diamond Company, a business owned by two of Dominion’s bondholders, has acquired all of Dominion’s assets, except its 40% stake in the Divaik mine, which it shares.
RAPAPORT. Swatch Group, which owns Harry Winston and several prestigious timepiece brands, saw sales tumble last year as lockdowns around the world sapped demand, especially at tourist locations.
Revenue fell 32% to CHF 5.6 billion ($6.21 billion) in 2020, the Swiss company reported last week, noting that the decline was less severe in the second half than in the first. Sales of watches and jewelry fell 33% to CHF 5.34 billion ($5.92 billion), with other revenues coming from electronic systems and corporate activities. The group recorded a net loss of CHF 53 million ($58.8 million).
“Stores run by the Swatch Group in airports and at travel destinations are still suffering considerably from lack of tourists,” the company said.