Diamond inventories have fallen to levels justifying a ramp-up of production with signs that the key Christmas sales season will be better this year than last, according to the head of De Beers, the world's largest diamond group.
The hold-up perpetrated on Saturday 30 May at the Parisian jewellery store Chopard, Place Vendôme, is, with a haul of an estimated value of €6.6 million, one of the biggest jewellery heists recorded in France.
Cartier will be selling, from the 11th of June, 150 “Lovecharity” bracelets in pink gold, diamond and white ribbon, and will be giving €100 from each bracelet to the charities La Voix de l’Enfant (The Child’s Voice) in France and Fight Aids in Monaco.
Headed by Guy Leymarie since 2004, De Beers Diamond Jewellers will welcome a new president from the 1st of January 2010. Mr Leymarie will not renew his contract, leaving for "other projects” and will hand over to François Delage.
Zale Corp posted a quarterly net loss on Wednesday 27 May that was deeper than Wall Street's expectations, as the recession hampered demand for jewelry, and its shares fell 6.7 percent in premarket trade.
Expected for the past few quarters, the turning point was finally reached between January and March. The demand for gold as a means of financial investment has exceeded the level of demand from the jewellery industry.