Online jewelry retailer Bidz.com reported net fourth quarter revenues of $27.5 million, a drop from the $35.1 million in the fourth quarter of 2008. Bidz’s revenues for the year ending December 31, 2009 were $110.4 million, compared with $207.4 million in 2008.
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A total of 576 tonnes of gold was imported into Dubai during 2009, the Dubai Multi Commodities Centre Authority (DMCCA) announced Sunday. The figure, despite marking a 15 percent decline compared to the 674 tonnes imported in 2008, indicated a 16 percent rise above Dubai’s average import of 498 tonnes since 2001.
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Charles & Colvard Ltd., the exclusive maker of diamond-like moissanite jewels, reported a net loss of $440,000 for the fourth quarter of 2009, compared to a net loss of $1.3 million in equivalent period of 2008. The gem maker’s results indicate it’s still struggling, but declining losses show signs of improvement.
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VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 02/22/10 — Arctic Star Diamond Corp. (TSX VENTURE: ADD) (“Arctic” or the “Company”) is pleased to report that detailed kimberlite indicator mineral (KIM) sampling at the head of the South Coppermine River
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Sales surged at Blue Nile in the fourth quarter, and the online jeweler took market share from both specialty jewelers as well as other merchants who sell jewelry.
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Specialty jewelers’ sales surged in December 2009, according to the latest data from the U.S. Department of Commerce. In part, the sharp percentage gain in specialty jewelers’ sales is due to last year’s disastrous declines. It is also due to a return to the malls by American shoppers who were flexing their spending power, after exercising uncharacteristic restraint for more than a year.
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Despite the continued turbulence in financial and commodity markets, 2009 marked the second year in succession that the dollar demand for gold remained above the $100 billion, the World Gold Council (WGC) stated Wednesday.
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Specialty jewelers’ sales surged in December 2009, according to the latest data from the U.S. Department of Commerce. In part, the sharp percentage gain in specialty jewelers’ sales is due to last year’s disastrous declines. It is also due to a return to the malls by American shoppers who were flexing their spending power, after exercising uncharacteristic restraint for more than a year.
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Days before De Beers published its annual results, its daughter company Diamdel quietly announced some annual figures on its website. Diamdel, which sells De Beers’ goods to non-DTC Sightholders, offered 695 lots during the year.
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Belarus imported 38,300 carats of rough diamonds in 2009, 61 percent less than in 2008, according to Interfax, which cited figures from the Belarusian Finance Ministry. Imports in value fell 74.4 percent to $8.76 million.
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