The world's biggest diamond company De Beers said Thursday it was selling its historic Cullinan Diamond Mine in South Africa, where the largest ever diamond was found. It said it was selling the mine for one billion rand (147 million US dollars, 99 million euros).
Richemont, the world's second-biggest luxury goods group, recorded Friday, november 16th a 28 percent increase in net profit for the first half of the financial year, up to 824 million euros (1.201 billion dollars).
Myanmar opened a lucrative auction of gems on Wednesday, November 14th, despite tightening Western sanctions and calls for a boycott from top international jewellers following the junta's deadly crackdown on protests.
Reckitt Benckiser , the world's biggest household goods maker, met forecasts with a 14 percent rise in third-quarter profits and raised its targets for a second time, but its shares slipped as margins stayed flat.
Australia's Mining Deposits Limited on Monday, september 24th signed an agreement with Senegal to begin mining zircon, a mineral used in jewellery, from the sands of coast north of the capital Dakar, national media reported.
Richemont, the world's second-biggest luxury goods group, said on Thursday September 13rd that its sales had risen by 11.0 percent in the first five months, from April to August, of its 2007-8 financial year.
Shares in the French luxury goods empire PPR shot up in opening trades Friday, august 31st on strong first-half results following its purchase of German sportswear group Puma. PPR shares leapt by 3.85 percent to 126.54 euros on the Paris stock exchange, while the CAC 40 index of leading issues gained 0.78 percent.
Investors touched up the price of shares in L'Oreal Friday, august 31st after the world's leading cosmetics group posted better-than-expected first-half profits and analysts predicted continued good performance.