Fossil to lay off staff and cut payroll expenses

March 2, 2009

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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CIBJO 2009 Congress to be held in Turkey

March 2, 2009

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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Rio Tinto cutting back production at Argyle mine

February 17, 2009

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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WFDB backing DTC’s plan to sell to secondary market

February 17, 2009

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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Pink zones in Mozambique tourmaline not diffusion

February 17, 2009

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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Swiss watch exports up in 2008, despite fourth quarter drop

February 17, 2009

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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Leonardo DiCaprio and TAG Heuer partner to help the environment

February 17, 2009

Actor and environmental activist Leonardo DiCaprio is TAG Heuer's newest brand ambassador.

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Worldwide jewellery fabrication falls due to losses in key markets

February 2, 2009

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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Birks & Mayors Inc. set to introduce credit card and loyalty program

February 2, 2009

Customers of Birks & Mayors Inc. will soon have another option when paying for their purchases thanks to an agreement between the Montreal-based jewellery retailer and TD Retail Card Services.

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WFDB urges confidence after lacklustre holiday season

February 2, 2009

The head of the World Federation of Diamond Bourses (WFDB) is urging its 28 bourses members to remain confident in the long-term prospects for diamonds and diamond jewellery.

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