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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
Tags: QVC, QVC JapanIn 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
Tags: Botswana, De Beers, Debswana, Diamond miningWidespread declines in all sectors pushed retail sales down 5.4 per cent in December to $33 billion. Sectors traditionally associated with holiday shopping, such as sales at clothing and accessories stores, fell 3.7 per cent, continuing several months of declines. The Canadian Press on Google News Feb. 23, 2009
Tags: Canadian retail salesSwiss watch exports turned in another banner year in 2008, despite ending on a downcast note that is carrying over into this year, of course. “Watch exports increased 6.7 percent in value (export price) to 17 billion Swiss francs (almost $14.6 billion), the fifth year they’ve topped prior year results. In terms of units, however, total exports barely finished ahead of 2007, increasing just 0.8 percent to 26.2 million watches (a gain of only 210,000 units).” JCK Online Feb. 5, 2009
Tags: Swiss WatchesDespite 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
Tags: Bangkok Gems & Jewelry FairStar India and CJ Home Shopping Co. of Seoul, Korea, have formed a joint venture company, called Star CJ Network India, and plan to introduce TV home shopping to India early next year. “Currently, the home shopping genre is largely unorganised with only a few players airing ‘paid-programmes’ on existing networks.” Star India is India’s largest cable channel and CJ Home Shopping introduced TV shopping to Korea back in 1995. The new network will be called Star CJ Network India. Business Standard (India) Sept. 28, 2008
Tags: CJ Home Shopping Co, India, Korea, Star IndiaAn emerald seller reported strong sales, despite slower traffic in the Fine Design Pavilion, and attributed his good fortune to the relatively small number of emerald specialists. Another seller said that the show wasn’t “…as spectacular as usual,” but noted that sales at his firm’s lower and mid-range jewelry booth were holding up ok. Other exhibitor cited the importance of a diverse product line and, especially, diverse geographic markets as important factors in maintaining sales in a down economy. International Diamond Exchange Sept. 21, 2008
Tags: economic trends, Hong Kong Jewelry and Watch Show