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Latest News & Stories

Green Jadeite Bead Necklace Sells for $2.3m

A necklace set with 35 green jadeite beads and 7.70-cts of white diamonds sold for $2.3m at Sotheby's Hong Kong. It was the top seller in an Important Jewels auction that realized a total of $18.1m... Read More..

 
Lucara's Profits Double Despite Economic Uncertainties

Lucara says profits more than doubled for the last quarter, up from $6m to $12.5m as the strength of the market outweighed economic uncertainties. The Canada-based miner reported a 13 per cent... Read More..

Spate of Raids on New Zealand Jewelers

Staff at jewelry stores in Auckland, New Zealand, have been targeted in a series of brutal raids in recent weeks. A worker is receiving counselling for the trauma, and one owner has closed their store... Read More..

 
Mountain Province says Price per Carat is up 60%

Mountain Province saw profits almost static (up by less than one per cent) during the last quarter as higher per-carat prices made up for a steep fall in sales volume. The Canada-based miner said... Read More..

State Bank of India Will Lend to Lab Grown Factories

The State Bank of India (SBI) is to start lending to manufacturers of lab grown diamonds. The move, by the country's largest private lender, is widely seen as boost to an emerging sector. India ... Read More..

 
India's Pearl Imports 10 Times Higher Than Global Production

India's gem and jewelry trade faces a major "round tripping" probe after it emerged that documented imports of pearls exceeded global production by as much as 10 times. The Comptroller and ... Read More..