Farah will assume the role of Chairman on October 2, 2017. He succeeds Michael J. Kowalski, who served as Chairman since 2002 and Interim CEO since February 2017. 

Luxury goods group Richemont moved to shore up its management team on Thursday by appointing two outsiders to its senior executive committee.

Gem Diamonds said on Tuesday it had recovered a high-quality 115-carat diamond from the Letseng mine in Lesotho.

Petra Diamonds shares fell 4 percent on Tuesday after the miner said it had experienced labour disruption overnight at its Finsch mine and Kimberley Ekapa Mining JV operations in South Africa.

Rhino horn smugglers in South Africa are increasingly supplying the jewellery trade, according to Conservation group TRAFFIC. The group said Chinese gangs are processing horns for Asia's booming luxury goods market.

The Italian brand specialised in silver jewellery and homeware has opened its first directly operated international store at 5 South Molton Street, London.

The French jeweler hopes to develop its presence in the United States with future stores and the announcement of supermodel Gigi Hadid as its very first brand ambassador. 

Italian-based fine jewelry brand Repossi will now be sold at Bergdorf Goodman in New York.

Dutch etailer, Bol.com, offers the best digital customer experience in the retail sector, according to research firm WUA, who issued its Digital Excellence Monitor this week. 

Piaget has curated a selection of timepieces and jewellery to launch the brand on luxury menswear destination Mr Porter. The edit includes watches from the Altiplano collection, Piaget Polo S styles and two bracelets.