Diamond News Archives

(IDEX Online) - The Danish jeweler Pandora is to launch a range of Star Wars-themed charm bracelets and other items of jewelry.

It's working with Lucasfilm to launch a capsule collection inspired by the 1977 blockbuster and its eight prequels and sequels.

Star Wars spawned the most successful ever movie merchandising franchise, grossing an estimated $70bn.

The Star Wars x Pandora collection will be in Pandora 7,400 points of sale worldwide and online from 1 October.

"We're honoured to bring Star Wars to life through jewellery," said Stephen Fairchild, Pandora's chief creative officer. 

"The Star Wars galaxy is one of extraordinary imagination, richly-detailed characters and creatures, and incredible adventures - a perfect fit for Pandora."

Pandora reported a first-quarter 2020 loss of $3.49m, as sales fell 13 per cent, but said it was confident in the underlying brand momentum....

Foreign purchases of U.S. homes dropped to the lowest level since 2013, a boost for domestic buyers at a time when inventory has been tight.

(IDEX Online) - The Chinese jewelry retail chain Chow Sang Sang has warned that its first-half net profits for 2020 could fall by as much as 70 per cent.

Profits are expected to be down from $79.4m to $ 25.8m.

The COVID-19 pandemic forced it to close most of its 400 outlets in February, and they were only able to re-open the following month with limited hours.

The two-week quarantine also deterred foreign visitors.

Since then the company says it has cut costs, restructured its store network, negotiated rentals with landlords, and optimized inventory level in a bid to accelerate its recovery....

"... Potential demand additions could push silver into a sustained deficit. The last time this happened between 2006 and 2011, the precious metal rallied to $50/oz, a price level we would see within reach this time around as well."