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QVC International Revenue Increases 15% in 4Q to $751 Million

Source article recaps QVC’s 2009 performance in its home market and abroad. Among the details: QVC Japan lowered price points and sold less jewelry in the fourth quarter for a 17% increase in unit sales.  In European news, QVC will begin airing in Italy in the fourth quarter of this year.  www.DiamondNe.ws Mar. 3, 2010

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Paul Deasy to Guest Host New ShopNBC Program, “The Gem Insider”

July 21st, 2009 | Comments Off | Posted in Gemstones, Talent
Gemstone Expert Paul Deasy

Paul Deasy

Mr. Deasy has punched his TV shopping ticket at both QVC and HSN, and has also authored a book on colored gemstones.  “Upcoming appearances for Mr. Deasy on ShopNBC include Tuesday, July 28 at 11 am and 6 pm ET, and Tuesday, August 18 at 12 am and 8 am ET.”  ShopNBC Press Release July 21, 2009

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Two Diamond Mines in Botswana Temporarily Close on Falling Demand

February 24th, 2009 | Comments Off | Posted in Gemstones, International, Suppliers

In response to a precipitous fall in the demand for diamonds in recent months, Debswana — the mining company jointly owned by De Beers and the Botswanan government — has closed the Orapa and Damtshaa mines in northern Botswana.  Half of the landlocked, southern African nation’s finances come from diamond trading.  Radio France Internationale (English Language) Feb. 24, 2009

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De Beers’ Biggest Fear — The Enormous Supply of Diamonds in Public Hands

February 24th, 2009 | Comments Off | Posted in Gemstones, Suppliers

Forget about the predictions of South African industry analysts that the price of rough-cut diamonds could fall another 60%.  What keeps De Beers executives up at night are the more than 500 million carats of gem diamonds in public hands (or on them and in safety-deposit and jewelry boses).  That’s more than 50 times the number of gem diamonds produced by the diamond cartel in a year.  “The moment a significant portion of the public begins selling diamonds from this prodigious inventory, the cartel would be unable to sustain the price of diamonds, or maintain the illusion that they are such a rare stone that their value is, as the ad slogan claims, ‘forever.’” International Herald Tribune Feb. 23, 2009

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Antwerp Diamond Conference Postponed

October 22nd, 2008 | Comments Off | Posted in Gemstones, Trade shows & exhibitions, UK/Europe

Due to the current financial crisis, organizers of the fifth Antwerp Diamond Conference have decided to postpone the event.  AWDC currently is considering alternative dates.  JCK Online Oct. 21, 2008

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Attendance Holds Firm at Bangkok Gems & Jewelry Fair

October 13th, 2008 | Comments Off | Posted in Gemstones, International, Jewelry (fine), Trade shows & exhibitions

Despite the worldwide economic crisis and political unrest in Thailand, the Bangkok Gems & Jewelry Fair seemingly turned in a strong performance last weeek.  Attendance held steady.  Trade receipts amounted to $784 million and 1,115 companies exhibited.  JCK Online Oct. 10, 2008

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