Set of Four Ultra-Rare Watches Could Fetch $20m
November 20, 25
A set of four Patek Philippe pocket watches - one each in yellow gold, white gold, rose gold, and platinum - could sell for $20m at a landmark auction by Sotheby's in Abu Dhabi. It's one of just five sets, known Star Caliber 2000, and created as an ultra-limited... Read More...
AWDC Launches Compliance Tool for AML and KYC
November 20, 25Antwerp's diamond dealers are being offered free access to a new compliance tool that will help them, meet meet their legal Anti-Money Laundering (AML) and Know Your Customer (KYC) obligations. Antwerp World Diamond Centre (AWDC) announced... Read More...
Swarovski Cuts 400 Jobs at Austria HQ
November 20, 25Swarovski is to cut around 400 jobs at its headquarters in Austria and to reduce pay and working hours there for the remaining 2,100 staff. The family-run company, founded in 1895, blamed weaker sales to other companies rather than direct sales to... Read More...
Mountain Province Extends Loan Repayment Terms
November 19, 25Troubled Canadian miner Mountain Province Diamonds has extended the repayment terms on a CAD 33m (USD 23.4m) short-term loan it took to see it through ongoing cash flow difficulties. The company announced details in February 2025 of a Working... Read More...
KP on Brink of New "Conflict Diamond" Definition
November 19, 25The Kimberley Process (KP) could announce a proposed redefinition of "conflict diamonds" on Friday (21 November). Members meeting at the five-day plenary in Dubai this week are discussing a broader definition, one likely to include state actors in ... Read More...
Memo by John Jeffay
November 20Haven't we been here before? The Kimberley Process on the brink of redefining conflict diamonds? It's convening in Dubai as I write this, discussing exactly that. "We are almost at the finish line," Feriel Zerouki, president of the World Diamond Council (WDC) proudly ... Read More...