India-US Trade Deal could Wipe Out Tariffs
January 15, 26
India and the US are reportedly edging towards a trade deal that could wipe out the 50 per cent tariff on natural diamonds. Sergio Gor, the new US ambassador to India, said both sides were actively engaged on trade deal negotiations during his trip to Delhi... Read More...
Venezuela Upheaval could Unlock Diamond Reserves
January 15, 26Political upheaval in Venezuela could unlock the country's long-dormant diamond reserves. Estimates of the country's deposits vary widely. In recent years the Venezuelan government has claimed there are 1,020-1,295m carats across the vast Orinoco Mining.. Read More...
Diamond Price Trends: Why Old Appraisals Put You & Your Clients at Risk
January 14, 26The diamond market never stands still, yet much of the jewelry industry still relies on static paper appraisals without automated updates that can freeze values. This can ultimately put your clients' jewelry investments and your relationships with them at risk. Read More...
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Man Arrested over Canada's Biggest Ever Gold Heist
January 14, 26A tenth suspect has been arrested in connection with Canada's biggest ever gold heist. Arsalan Chaudhary, aged 43, was detained on Monday (12 January) as he flew in from Dubai to Toronto Pearson International, the same airport where the ... Read More...
$500,000 Jewel Heist: Raiders Break in Through Bathroom
January 14, 26An armed gang stole goods from a jewelry store worth over $500,000 - after cutting through the bathroom wall of a vacant unit next door. They lay in wait for five hours, from 4.50am, until the manager arrived later that morning (6 January) and opened ... Read More...
Memo by John Jeffay
January 15There's a lot we can learn from De Beers and the launch of its standalone Forevermark stores. It's chosen India as the test bed for its new retail approach, and it has set a very clear agenda. It's targeting high earners, especially affluent women buying gifts for themselves... Read More...