Kim Kardashian shows off her new grillz

Kim Kardashian has splurged on a new accessory diamonds for her teeth.

The reality star debuted her ‘new grillz’ on Friday posing a picture to her Instagram page.

The image showed a close up of her blindingly white teeth, with the lower teeth all completely covered in tiny diamonds, and her upper teeth baring a tiny cross.

Kim Kardashian shows off her new grillz

Kim Kardashian

The grill looks to be one Kim collected in November, when she posted a photo after getting her mouth molded for the custom design by jewelry designer Dolly Cohen.

Kim’s husband Kanye West is rarely seen without a fancy grill, and the mother of three has added a few of her own to her jewelry collection.

Back in August she unveiled a Kim grill, which spelled out her name on her lower teeth in diamonds.

Source: dailymail

Kim Kardashian shows off her new grillz

Kim Kardashian has splurged on a new accessory diamonds for her teeth.

The reality star debuted her ‘new grillz’ on Friday posing a picture to her Instagram page.

The image showed a close up of her blindingly white teeth, with the lower teeth all completely covered in tiny diamonds, and her upper teeth baring a tiny cross.

Kim Kardashian shows off her new grillz

Kim Kardashian

The grill looks to be one Kim collected in November, when she posted a photo after getting her mouth molded for the custom design by jewelry designer Dolly Cohen.

Kim’s husband Kanye West is rarely seen without a fancy grill, and the mother of three has added a few of her own to her jewelry collection.

Back in August she unveiled a Kim grill, which spelled out her name on her lower teeth in diamonds.

Source: dailymail

Chow Tai Fook Sales Dip on Economic Slowdown

Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler’s same-store sales fell in the three months that ended December 31.

“A decline in same-store sales was recorded for both mainland China and Hong Kong and Macau markets in the third quarter amid uncertain macroeconomic environment,” the company said in a trading update Monday.

Same-store sales — at locations open for more than a year — dropped 7% year on year in China and 6% in Hong Kong and Macau.

Same-store sales of gold products fell 11% in China and by 6% in Hong Kong and Macau, while gem-set jewelry declined 5% and 8%, respectively.

Other retailers have expressed similar caution about the region, with Cartier owner Richemont noting a slowdown in Hong Kong due to lower tourist spending resulting from a weaker yuan versus the Hong Kong dollar. Tech giants Apple and Alibaba also recently expressed concern about a decline in the region.

Hong Kong’s government this month noted that slower retail growth reflected more cautious consumption sentiment stemming from external uncertainties such as the US-China trade tensions and volatility in global financial markets.

Chow Tai Fook saw lower sales volume but slightly better average prices due to a shift toward higher weights in its gold products, which account for approximately 60% of its total retail revenue.

 The average price of its gem-set jewelry fell 4% to HKD 6,600 ($841) in China and by 3% to HKD 11,500 ($1,466) in Hong Kong and Macau.

The jeweler reported that total retail sales grew 1% in China, boosted by 259 new points of sale that opened in the country during the quarter, while overall sales in other markets slipped 1%.

Source: DCLA

Chow Tai Fook Sales Dip on Economic Slowdown

Chow Tai Fook followed a string of major retailers that have noted a slowdown in greater China as the jeweler’s same-store sales fell in the three months that ended December 31.

“A decline in same-store sales was recorded for both mainland China and Hong Kong and Macau markets in the third quarter amid uncertain macroeconomic environment,” the company said in a trading update Monday.

Same-store sales — at locations open for more than a year — dropped 7% year on year in China and 6% in Hong Kong and Macau.

Same-store sales of gold products fell 11% in China and by 6% in Hong Kong and Macau, while gem-set jewelry declined 5% and 8%, respectively.

Other retailers have expressed similar caution about the region, with Cartier owner Richemont noting a slowdown in Hong Kong due to lower tourist spending resulting from a weaker yuan versus the Hong Kong dollar. Tech giants Apple and Alibaba also recently expressed concern about a decline in the region.

Hong Kong’s government this month noted that slower retail growth reflected more cautious consumption sentiment stemming from external uncertainties such as the US-China trade tensions and volatility in global financial markets.

Chow Tai Fook saw lower sales volume but slightly better average prices due to a shift toward higher weights in its gold products, which account for approximately 60% of its total retail revenue.

 The average price of its gem-set jewelry fell 4% to HKD 6,600 ($841) in China and by 3% to HKD 11,500 ($1,466) in Hong Kong and Macau.

The jeweler reported that total retail sales grew 1% in China, boosted by 259 new points of sale that opened in the country during the quarter, while overall sales in other markets slipped 1%.

Source: DCLA

Angola to host first competitive diamond bid sale

The first competitive bid sale of large and premium quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.

According to a press release issued by Australia’s Lucapa Diamond, owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing policy enacted by President Joao Lourenco and the Angolan Council of Ministers.

The bid is organised in by state owned diamond trading firm SODIAM while the diamonds are being offered by Sociedade Mineira Do Lulo, which holds the alluvial mining licence to the Lulo concession and works in partnership with Lucapa, who has a 35-year license for the project. Empresa Nacional de Diamantes E.P. and Rosas & Petalas, also form part of the partnership.

Seven exceptional Lulo diamonds, including a 46 carat pink and six top colour Type IIa white gems ranging from 114 carats to 43 carats, will be showcased.

“Lulo diamonds have already established a reputation as being among the highest quality gems in the world. Together with our Angolan partners, Lucapa is delighted that SML will now start showcasing these exceptional diamonds to the strong interest shown by the world’s leading diamantaires,” Lucapa Diamond Chief Executive Officer, Stephen Wetherall, said in the media brief.

Lulo, a 3,000 square kilometre concession located in Angola’s diamond rich Lunda Norte region, hosts the world’s highest dollar per carat alluvial diamonds and has produced some of the largest gem-quality rocks in the planet.

Angola is the world’s No.4 diamond producer by value and No.6 by volume.

Source: DCLA

Angola to host first competitive diamond bid sale

The first competitive bid sale of large and premium quality diamonds from the Lulo diamond mine will take place on January 31, 2019, in the Angolan capital of Luanda.

According to a press release issued by Australia’s Lucapa Diamond, owner of a 40% stake in the prolific mine, the stones for sale will the first diamonds offered in a competitive process under the new diamond marketing policy enacted by President Joao Lourenco and the Angolan Council of Ministers.

The bid is organised in by state owned diamond trading firm SODIAM while the diamonds are being offered by Sociedade Mineira Do Lulo, which holds the alluvial mining licence to the Lulo concession and works in partnership with Lucapa, who has a 35-year license for the project. Empresa Nacional de Diamantes E.P. and Rosas & Petalas, also form part of the partnership.

Seven exceptional Lulo diamonds, including a 46 carat pink and six top colour Type IIa white gems ranging from 114 carats to 43 carats, will be showcased.

“Lulo diamonds have already established a reputation as being among the highest quality gems in the world. Together with our Angolan partners, Lucapa is delighted that SML will now start showcasing these exceptional diamonds to the strong interest shown by the world’s leading diamantaires,” Lucapa Diamond Chief Executive Officer, Stephen Wetherall, said in the media brief.

Lulo, a 3,000 square kilometre concession located in Angola’s diamond rich Lunda Norte region, hosts the world’s highest dollar per carat alluvial diamonds and has produced some of the largest gem-quality rocks in the planet.

Angola is the world’s No.4 diamond producer by value and No.6 by volume.

Source: DCLA

ALROSA Sells $4.41B Of Rough Diamonds In 2018

ALROSA reported the sale of $323.7 million of rough in December and $4.41 billion for all of 2018.

ALROSA’s December sales of rough and polished diamonds increased by 38% YoY to $328.7, with polished diamond sales of $5 million.

Meanwhile, its total diamond sales in 2018 grew 6% YoY to $4.51 billion, with polished sales of $95.3 million.

“A 6% sales growth in 2018 was driven by both high demand for rough diamonds and positive price dynamics in the first half of the year, market demand was strong in all rough diamond categories, and traditional slowdown in demand in the second quarter due to seasonality was not registered this year,” said Evgeny Agureev, Member of the Management Board, Director of the United Sales Organization at ALROSA.

“In the second half of the year, buying activity in the low-priced product segment significantly deteriorated due to a weakening of the global market situation and both seasonality and destocking at a number of Indian midstream companies. At the same time, the company was actively engaged in optimizing its stocks, which made it possible to increase sales in physical terms, despite a decline in production in 2018 by 8% to 36.6 million carats.

“In December, sales in value terms increased by 20% compared to November 2018 due to a flexible pricing policy against the background of seasonal renewed demand and replenishment of stocks by the companies in the cutting sector, which took advantage of the pricing environment.

 Despite the cooling of the market in the second half of 2018, we expect that the final customer demand will remain at least stable,” he added.

Source: DCLA