Kering Jewelry Sales Rise 12% in Third Quarter
October 26, 26
Kering's jewelry division increased third-quarter revenue by 12% to EUR 239 million ($277 million), supported by growth at Boucheron and Pomellato, making it one of the stronger performers within the group. The French luxury conglomerate reported its ... Read More...
Rio Tinto Diamond Output Falls 68% after Diavik Closure
October 26, 26Rio Tinto's diamond production fell 68% in the first nine months of 2026 after its Diavik mine in Canada's Northwest Territories exhausted its economically recoverable reserves and ceased mining in March. The mining group recovered 1.074 million carats ... Read More...
Attic Jewelry Collection Fetches $680,000
October 25, 26A collection of antique and vintage jewelry discovered in the attic of a family home in Malvern, England, has sold for £506,750 ($680,000), more than three times its original £150,000 ($200,000) valuation. The 201 lots, amassed over a lifetime by... Read More...
Petra Diamonds Audit Delay Could Trigger Trading Suspension
October 25, 26Trading in Petra Diamonds shares is likely to be suspended next week as it struggles to complete its annual audit, just weeks after launching a strategic review that could lead to the sale of its remaining mine or the entire company. The London-listed miner ... Read More...
US Surge Drives 11.7% Rise in Swiss Watch Exports
October 22, 26Swiss 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...
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...