[Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings] 5/06/2018 11:13:00 PM

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The cost of diamonds labeled De Beers Forevermark brand was $ 500 million in 2012, said on Friday Stephen Lussier (Stephen Lussier), CEO of Forevermark, reports Rapaport.
Speaking at the opening of the Signature show in Mumbai, Lucier said that since the launch of the brand in India in January 2011, this country accounted for 8% of the brand's sales during the year. De Beers plans to bring this figure to 20% within the next five years.
De Beers reported last week that revenue from Forevermark increased by 50% in 2012 after the brand expanded its partnership with retailers, increasing the number of retail outlets by 40% to over 900 stores. Currently, the brand is represented in about 85 stores in India, and it is planned to further expand the network to about 130 stores by the end of 2013, Rapaport News recently told Sachin Jain, managing director of Forevermark India.

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Posted By Blogger to Gift Jewelry : Pearl Necklace, Pearl Bracelet, Pearl Ring and Pearl Earrings at 5/06/2018 11:13:00 PM

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Experts in the mining and processing of diamonds predict that shortly there will be a shortage of the world's most expensive mineral. In 10 years, the demand for diamonds will be 2 times higher than supply, while production will remain at the same level, specialists are sure, according to ITAR-TASS.
Henry Krohmal, co-owner of the Belgian company Krohmal end Lieber, specializing in diamond polishing and polishing, told the journalists in St. Petersburg about the trends in the diamond and diamonds market. Last week he took part in the presentation of a collection of exclusive diamonds, which was brought to St. Petersburg by the world famous jewelry house Korloff. By some estimates, by 2020, the global demand for rough diamonds will reach $ 20 billion, while the supply will not exceed $ 9 billion at the current rate.
"Diamond production will not increase - more than we can not get now," says Krohmal. He explained that "in the world practically no new deposits are discovered, and those that are recently discovered, for example in Russia, allow to extract only technical diamonds that can not be used for making jewelry."
The demand for diamonds and diamonds will grow, as expected, due to actively developing countries - China, India and Brazil.

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The diamond brand Forevermark has added three new regional managers to its staff in response to the growing demand and plans to expand the distribution of polished diamonds in the US, Rapaport reports.
Forevermark announced the appointment of Kristyn Beausoleil to the position of sales manager in the Mid-Atlantic region. Previously, Kristin held the position of business development manager in the retail sector at Platinum Guild.
Natalie Humphrey joined the Forevermark team as a sales manager in the New England region. She previously worked for A. Link, a partner of Forevermark.
Sam Panasiuk (Sam Panasiuk) was appointed to the position of sales manager in the Western region of the United States. Prior to that, Sam served as sales manager in the same region at Lazare Kaplan International.
"We are pleased to join the Forevermark team with three sales managers and are confident that their knowledge and experience will perfectly complement the resources of the current team, consisting of Bruce Lake, sales manager in the south-central region, Michael Rousso - in southeast region, and Jeffrey Skaret (Jeffrey Skaret) - in the mid-western region, "said Kevin Lane, vice president of sales for Forevermark.

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The auction house Sotheby's reported that its revenues for the 2012 fiscal year decreased by 8% on a year-on-year basis, amounting to $ 768.5 million, reports Rapaport. The decline in revenues is explained by the reduction in the commission amount by 11%, caused by a corresponding decrease in auction sales by 10%.
Sotheby's net profit fell 37%, to $ 108.3 million, or $ 1.57 per diluted share.
Before the end of the financial year, Sotheby's refinanced its long-term debt until 2022, as a result of having registered additional costs of $ 15 million. However, refinancing the debt will allow the auction house to cut funding costs by about $ 5 million a year from 2014 onwards.
"The indicators of consolidated sales in 2012 were quite high - at $ 5.4 billion, which is caused by a lot of excitement at the auction of works of art around the world," said Sotheby's chairman Bill Ruprecht. "Our operating results reflect a number of significant achievements, but the previous year was one of the best in the history of the auction house, so the comparative figures look clearly dim; In addition, the reporting period was marked by high competition. In general, I remain optimistic about the prospects for the development of the market. "
Earlier this year, Sotheby's announced that the revenue of its jewelry division in 2012 reached a record figure of $ 460.5 million, which is due to the successful sale of private collections, exceptional diamonds and precious stones, jewelry of historical significance and impressive provenance.