Gem Diamonds Returns to Profit as Rough Prices Rise
September 07, 26
Gem Diamonds returned to profit in the first half of 2026 as higher rough diamond prices at its Letseng mine in Lesotho lifted revenue despite lower recovered carat volumes. The company reported attributable profit of $0.6 million for the six months... Read More...
Sotheby's Hong Kong Offers $2.6m Ruby Earrings
September 07, 26A pair of Burmese ruby and diamond earrings estimated at up to HKD 20 million (USD 2.6 million) will headline Sotheby's Hong Kong High Jewelry auction on September 17. The pear-shaped ruby earrings, weighing 5.20 and 5.08 carats, are set with rose-cut... Read More...
77 Diamonds Investigates Alleged Hack of Customer Data
September 06, 26London-based jeweler 77 Diamonds is investigating an alleged cyberattack after a threat actor claimed to have obtained a database containing hundreds of thousands of customer records. The Times reported on September 5 that the Metropolitan Police ... Read More...
Belgian PM Opens Expanded HRD Antwerp Lab in Mumbai
September 06, 26Belgian Prime Minister Bart De Wever opened HRD Antwerp's expanded Mumbai laboratory on September 4 during a two-day visit to India, highlighting the importance of the country's diamond industry to Belgium's trade relationship with India. The renovated... Read More...
London Diamond Bourse Favors Synthetic Terminology
September 06, 26The London Diamond Bourse has adopted "synthetic diamond" as its preferred term for man-made diamonds and is encouraging all its UK members to use the terminology as best practice. The Bourse said existing UK guidance permits "synthetic," .... Read More...
Memo by John Jeffay
September 03Diamond thefts have a habit of repeating themselves. A bit like history. I'm thinking of two stories in the news this week that have clear parallels in recent years: a brazen museum heist in Vienna and an audacious gem-switch in Singapore. On August 28... Read More...