Mexico Hits India Diamantaires with 50% Tariff
December 18, 25
Mexico is imposing its own 50 per cent tariff on diamonds imported from India. It is following the US lead, and preventing Indian diamantaires using it as a "bridge" - shipping rough or semi-cut stones there, polishing them there (to qualify as "Mexican")... Read More...
3.63-ct "Salt and Pepper" Pink Fails to Sell
December 18, 25The highlight of Sotheby's Fine Jewelry sale in New York - a rare 3.63-carat fancy vivid purple-pink diamond — failed to find a buyer. The unmounted, cut-cornered rectangular modified brilliant-cut stone carried a pre-auction estimate of $1m Read More...
Secrets Shhh, Ethical Lab Grown Retailer, Collapses
December 17, 25A retail chain that promoted lab growns as an ethical alternative to natural diamonds has collapsed in Australia. Secrets Shhh, founded in 2000, entered voluntary administration on 10 December. The business continues trading as normal, where stock is available... Read More...
Two Jailed for Life for Beating Jeweler to Death
December 17, 25Two men convicted of beating jeweler Hussein "Sam" Murray to death have been sentenced to life in prison without the possibility of parole for first-degree felony murder. Carlos Jose Hernandez, aged 38, and Joshua Zuazo, aged 40, both of Dearborn... Read More...
Passenger from Angola Caught with 11,000 Undeclared Diamonds
December 17, 25A passenger arriving in Germany from Angola was found to be carrying 11,270 rough diamonds concealed in the false bottom of his carry-on luggage, according to customs officers at Frankfurt am Main Airport. The 53-year-old man, whose identity was ... Read More...
Memo by John Jeffay
December 18It looks like Christie's pitched a little low. Their pre-sale estimate for a 13.54-carat Paraiba tourmaline was just $400,000 to $600,000. It sold at their New York Magnificent Jewels auction last week for $4,223,000. So what's the story with Paraiba tourmalines... Read More...