US Surge Drives 11.7% Rise in Swiss Watch Exports
October 22, 26
Swiss watch exports rose 11.7 per cent year on year in September to CHF 2.226bn ($2.74bn), marking a fourth consecutive month of growth. Shipments to the United States surged 85.7 per cent to CHF 292.9m ($361m), partly reflecting a sharp tariff-related... Read More...
Security Guard Charged with Murder after Jewelry Theft Shooting
October 21, 26A security guard has been charged with murder after fatally shooting a man accused of smashing a jewelry display case and stealing gold necklaces from a kiosk inside a shopping center in Fort Worth, Texas, USA. Tyron Henton, 31, was arrested and charged ... Read More...
Rare 9-ct Pink Diamond on Display 100 Years after Theft
October 21, 26A rare nine-carat pink diamond that was stolen from a French chateau nearly 100 years ago went on public display this week. The pear-shaped Grand Conde diamond was stolen during an overnight raid at the Chateau de Chantilly in northern France, about ... Read More...
Namibia Diamond Miners Seek Government Funding as Prices Slump
October 20, 26Namibia's two main diamond mining companies, the land-based miner Namdeb and offshore operator Debmarine Namibia, have asked the government for financial assistance as falling diamond prices erode revenues. Namdeb Holdings, the holding company... Read More...
US Holiday Sales to Top $1 Trillion, but Jewelry Faces Spending Pressure
October 20, 26US holiday retail sales are forecast to rise 4.2% year on year to $1.013 trillion in November and December, but consumer research points to pressure on jewelry spending. The National Retail Federation (NRF) issued its forecast on October 15, predicting that ... Read More...
Memo by John Jeffay
October 21France has a long and fascinating history of royal diamond thefts. During the French Revolution, in September 1792, thieves looted the royal storehouse in Paris, stealing three of the most celebrated diamonds in the French Crown Jewels: the 69-carat French Blue... Read More...