RAPAPORT. Signet Jewelers reported a positive holiday season as soaring online sales helped compensate for the pandemic’s adverse impact on store traffic.Revenue was flat year on year at $1.8 billion for the nine weeks ending January 2, while same-store sales jumped 5.6%, the retailer.
The Gemological Institute of America (GIA) has introduced a classification report for unmodified cultured akoya, South Sea and Tahitian pearls.The GIA Cultured Pearl Classification Report includes the size, shape, color, luster, surface, nacre and matching aspects of the jewel, known as the.
RAPAPORT. Alrosa has received approval to sell rough diamonds to Russia’s state depository, Gokhran, this year, enabling the miner to offload inventory should the market deteriorate.The company did not sell goods to Gokhran in 2020, as the industry situation improved in the second half of.
The continued operation of Firestone Diamonds is in question amid an extended shutdown of its mine in Lesotho and heavy debt.The miner will keep its Liqhobong deposit closed until it can work out a deal to restructure the more than $80 million in debt it owes ABSA bank, it told Rapaport News.
RAPAPORT. Alrosa’s sales soared in December to their highest level in almost three years as rough demand continued to gain momentum.Diamond revenues rose 43% year on year to $521.6 million, with rough sales jumping 34% to $470.3 million totals the Russian miner hasn’t exceeded since.