[Wedding Pearl Jewelry | Bridal Pearl Necklace] 4/15/2018 09:43:00 AM

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The Indian Diamond Export Promotion Council (GJEPC) and the Diamond Dealers Club of New York (DDC) from August 11 to 14 will organize the Indian Diamond Week ) in NYC.
It is expected that about 100 diamantaires from DDC and GJEPC will take part in the meetings.
Indian Diamond Week - a joint initiative of DDC and GJEPC - is designed to provide Indian diamond manufacturers in the United States with a platform to develop business ties and create opportunities for interaction between the largest wholesalers and diamond manufacturers from New York and India, DDC members and buyers from other countries. DDC is the largest diamond trade organization in the United States, as well as one of the world's leading diamond exchanges.

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Posted By Blogger to Wedding Pearl Jewelry | Bridal Pearl Necklace at 4/15/2018 09:43:00 AM

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According to the Anglo American corporation, the income of its 85% owned De Beers group increased by 15% year-on-year and reached $ 3.823 billion in the first half ended June 30.
A statement released last Friday said De Beers contributed $ 469 million to the operating profit of the group, which reached $ 765 million.
De Beers diamond sales increased 15 percent to $ 3.5 billion.
Anglo noted that The increase in revenues from rough diamonds is explained by the increase in the volume of sales of products, despite the decrease in sales prices by 4%.
The production of rough diamonds by De Beers grew by 12% year-on-year to 16 million carats.
The increase in production is due to increased productivity at Debswana in Botswana and in South Africa.
This year, the diamond mining group plans to increase production to 31-32 million carats.

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The LVMH group reported revenue growth of 3% year-on-year to $ 18.9 billion (€ 14 billion) for the first half of 2014, while the group's revenue decreased 4% to $ 2 billion (€ 1.51 billion) , reports Rapaport. Sales in comparable stores of the LVMH group showed an increase of 5%.
The retailer observed the high stability of sales of luxury goods in Europe and continued growth in Asia and the US.
Sales of jewelry and watchmaking divisions of LVMH declined by 1% year-on-year to $ 1.7 billion (€ 1.266 billion), while sales in comparable stores grew by 3%. Operating profit in the jewelry sector fell sharply by 31% to $ 144 million (€ 107 million).
The company announced that economic uncertainty forced multibrand retailers to be cautious about replenishing stocks. Sales results in own boutiques belonging to LVMH brands were very good.
Bulgari brand won from positive dynamics in the jewelry market; brand TAG Heuer focused on the development of its legendary watch lines. The decrease in profit is due to the negative effect of exchange rate differences.
LVMH CEO Bernard Arnault said: "The results of the first half of the year demonstrate the sustainability of LVMH and the strength of its brands, as well as the group's ability to respond to changes in the economic environment and financial uncertainty."