Watchmaker Fossil Inc., is selectively laying off staff across its global operations as part of cost-cutting measures to stave off the worsening economic crisis.
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Istanbul, Turkey, will play host to CIBJO'S 2009 Congress. Held from May 3 to 5 and hosted by the Turkey Jewelry Association, the event will look at strategies to combat the impact of the global economic downturn, as well as issues of corporate social responsibility.
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Actor and environmental activist Leonardo DiCaprio is TAG Heuer's newest brand ambassador.
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Fewer diamonds will be coming out of Rio Tinto's Argyle mine in 2009. The company says the current global economy is spurring it to implement a debt reduction plan that will see the mine's underground project cut back to only critical development activities.
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The World Federation of Diamond Bourses (WFDB) says the Diamond Trading Company's (DTC's) decision to offer surplus rough to the secondary market will help the trade face the challenges of the global economy.
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Surface-reaching growth tubes surrounded by intense pink 'sleeves' in Mozambique tourmaline is not the result of diffusion treatment, says the Gemological Institute of America (GIA).
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In spite of a record year for Swiss watch exports, a downward trend closed off 2008 and is continuing into 2009, says the Federation of the Swiss Watch Industry (FH).
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Thailand exported $5.96 billion in diamonds, gems, and jewellery in the first nine months of 2008, an increase of 70.2 per cent compared to 2007 figures.
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The Hong Kong Jewellery & Watch Fair is being renamed to better reflect its ever-widening scope.
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Gold jewellery fabrication fell 11 per cent in 2008, fuelled mainly by a 69 per cent decline in India, Italy, Turkey, and the United States, says a precious metals consultancy.
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