IGI Stands by 4Cs Grading for Lab Growns
July 15, 25
IGI says it has no plans to stop grading lab growns for color and clarity. Its announcement yesterday (14 July) comes weeks after its biggest rival, GIA, said it would start grading lab growns simply as "standard" or "premium". IGI (International Gemological... Read More...
Hundreds Laid off at Zimbabwe Diamond Mines
July 15, 25Zimbabwe's state-controlled diamond miner has laid off hundreds of workers as part of cost-cutting measures aimed at keeping the company afloat. There are conflicting reports over the actual number. Around 200 staff at the Zimbabwe Consolidated... Read More...
Jewelry Retailer to Pay $500,000 over False Credit Promises
July 15, 25A US jewelry retailer has agreed to a $500,000 court settlement after it was accused of misleading consumers by falsely promoting a store credit line as a way to build credit. Attractive Gems Jewelers, based in San Diego, California, and its two owners... Read More...
Luxury Spending Slips Amid Economic Headwinds
July 14, 25Luxury spending slipped by 1 per cent last year as the sector faced its biggest potential setbacks for at least 15 years. That's according to research by management consultants Bain & Company together with Altagamma, the Italian luxury goods manufacturers' ... Read More...
Marie Antoinette's Diamonds on Display
July 14, 25Jewelry from the private collection of Marie Antoinette, the last queen of France, are to be displayed at London's Victoria and Albert Musuem (V&A). Among the highlights are a natural pearl and diamond pendant sold for $36min 2018 and a double-ribbon... Read More...
Memo by John Jeffay
July 10It's complicated trying to piece together the tariff jigsaw puzzle. Every time it looks like it's coming together, Trump makes another announcement, sends out some letters or adds a new post, with lots of shouty CAPITAL LETTERS, to his Truth Social online.... Read More...