Latest jewelry News & Magazine Online


latest jewelry news and magazine online


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AGD Diamonds Acquires Grib Diamonds to Establish Full Service Enterprise

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JSC Arkhangelskgeoldobycha recently announced that it has been officially renamed JSC AGD Diamonds. This move was a result of “its new marketing policy and the brand’s international positioning aimed at its customers, the buyers of rough diamonds,” the Company said. AGD Diamonds has gone on to acquire a 100% stake in Grib Diamonds N.V. in which it was earlier a joint stockholder. Grib Diamonds, a diamond trading company, currently holds auctions for the sale of rough diamonds mined at the Vladimir Grib Diamond Field. These auctions are held on a web-based platform in Antwerp. According to Sergey Neruchev, CEO of AGD, the acquisition of a 100% stake in Grib Diamonds N. V., operating in Antwerp and selling rough produced at the Grib Diamond Field on international markets, is a highly important milestone for the company, opening up a number of additional opportunities. “The consolidation of the AGD production business with the Grib Diamonds trading company will create a full...
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Luxury Goods-Makers Win Fight to Block Retailers from Selling on Amazon | The Jewelry Magazine

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Luxury brands can now ban retailers from selling their goods on online marketplaces such as Amazon and eBay , Europe’s top court has ruled. The European Court of Justice decided on Wednesday that a ban was “appropriate to preserve the luxury image” of products. The case was bought by cosmetics group Coty, which owns brands such as Marc Jacobs and Calvin Klein, but it is expected to set a precedent that could allow other luxury brands to stop their distributors selling their goods on Amazon, eBay, and other online marketplaces. The court ruled that Coty did not break competitions laws when it prevented Parfümerie Akzente, one of its authorized German distributors, from selling its products on Amazon.de. Welcoming the decision, Coty comments: “After years of uncertainty, this means luxury brands can determine how they are placed on digital platforms and it is a clear ruling for the protection of luxury brands’ image, the defense of our teams’ work and the protection of consum...
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Holts Gems Founder Passes Away | Jewelry News & Jewelry Magazine Online

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Holts Gems has announced the sad passing of its founder and director, Mr Robert Holt, just five days before his 95th birthday . Mr Holt, who founded Holts Gems in 1948 and was the oldest surviving member of the London Diamond Bourse, passed away on January 11 whilst on holidays with his family in Lanzarote. Paying tribute to Mr Holt in a statement, his family and the team at Holts Gems, said: “Five days from his 95th birthday, he was an inspiration to all who knew him. His charming loving nature and quiet humour made him one of the most respected members of the jewellery trade. He was a loving and dedicated family man to his wife Dorothy, two sons Jason and Stuart, and five grandchildren. Whilst reaching a grand age, Mr Holt never grew old. He was young until the final moment.” “We thank all our customers, colleagues and friends for the warmth and loyalty you showed Mr Holt over so many of his 70 years in business.” Holts Gems will be closed today (January 18) to observe a...
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