More Tariffs Turmoil
June 05, 25 by John JeffayStand by for more tariffs turmoil. Donald Trump caused global mayhem with his "Liberation Day" announcement on 2 April, imposing reciprocal import duties on all US trading partners. He pressed the pause button a week later, offering a 90-day reprieve... Read More...
Jewelers, Watch Your Walls
May 29, 25 by John JeffayRaiders escaped with watches and jewelry worth at least $10m from the Love Jewels store in downtown Los Angeles in April. That was after they'd spent weeks tunneling their way through 3ft thick concrete, from an empty theater building next door. They struck... Read More...
Conflict Diamonds: The Elephant in the Room
May 22, 25 by John JeffayThere has been much excitement in recent days about conflict diamonds. The Kimberley Process appears to have made a "significant breakthrough" towards broadening a narrow definition that currently recognizes only rough stones that finance civil war.... Read More...
Diamond Heist: No Remorse, No Respect
May 15, 25 by John JeffayLee Wenham - hero or villain? Who on earth is Lee Wenham, you're asking. Ok, so he's hardly a household name, but he was the brains behind what was very nearly the world's biggest ever jewel robbery. A gang of raiders bulldozed their way into the Millennium Dome... Read More...
US Tariffs: The Diamond Exemption
May 08, 25 by John JeffayDonald Trump hit the pause button on reciprocal sanctions, but he didn't press stop. The diamond industry has been at a virtual standstill since his shock "Liberation Day" proclamation on 2 April, which was followed a week later by a 90-day suspension... Read More...
Edging Towards a De Beers Sale
April 30, 25 by John JeffayFOR SALE: One iconic diamond miner, a bargain at only $4.1bn (current book price). That's a fraction of the value when De Beers last changed hands (approx. $13bn in 2012). It's now been on the market for almost a year now, but there was little in the way... Read More...
Will Diamond Sanctions Ever Work?
April 24, 25 by John JeffaySanctions on Russian diamonds aren't working. So says Pyotr Karakchiyev, head of the international cooperation department at Alrosa. And until or unless the G7 nations introduce effective traceability technology, Russia will continue to find ways to Read More...
What's the Golconda Blue Really Worth?
April 17, 25 by John JeffaySize doesn't necessarily matter. The Golconda Blue, at 23.24 carats, is the largest fancy vivid blue diamond ever to be offered at auction. But that doesn't mean it will automatically fetch the highest price. The estimate by Christie's Geneva is $35m to $50m and anyone Read More...
Next KP Chair - US, Brazil or Japan?
April 10, 25 by Ahmed Bin SulayemAs recently stated in my piece on CNBC Africa, which highlighted its significant accomplishments, both in mission and multi-stakeholder cooperation, the Kimberley Process (KP) remains a unique alliance that has successfully bonded governments... Read More...
Tariffs: Will They Change Everything?
April 03, 25 by John JeffayThis changes everything. Or does it? Today Trump's newly-announced tariffs feel like a body blow to the diamond industry. But what about tomorrow or the day after? Loose stones entering the US from India are currently zero-rated. From next Wednesday they'll ... Read More...
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