Podcasts Chart Rise and Fall of Nirav Modi
July 21, 26
A new four-part podcast charts the spectacular rise and dramatic fall of billionaire Nirav Modi and his Firestar Diamond empire. It's presented by Mick Brown and Robert Mendick, journalists at The Telegraph in the UK, who say they tracked down... Read More...
De Beers Sale: Ex-CEO's Consortium is Frontrunner
July 20, 26Anglo American has selected a preferred bidder for De Beers, its loss-making diamond division. The Global Diamond Consortium, led by former De Beers CEO Gareth Penny, has emerged as the frontrunner, ahead of two other shortlisted bidders that have... Read More...
Watches of Switzerland Profits Leap 76%
July 20, 26Watches of Switzerland (WoS) saw a leap in statutory pre‑tax annual profits of 76%, up to £133 million (USD 170 million) amid growing speculation of a possible buyout by private equity funds and strategic bidders. The UK-based company... Read More...
21% Surge in Richemont Jewelry Sales
July 20, 26Richemont's jewelry sales surged by 21% (at actual exchange rates, 24% at constant) in the three months to 30 June, as demand for high-end items remained strong. The Swiss luxury conglomerate said its four jewelry maisons - Buccellati, Cartier, Van Cleef ... Read More...
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Natural Diamond Advocate Launches Lab Grown Collections
July 20, 26Stephanie Gottlieb, a long-time advocate of natural diamonds, has launched her first collections of lab grown jewelry. But she maintains there's still a huge divide between natural diamonds (forever) and lab growns (for right now). Gottlieb, who opened... Read More...
Memo by Erez Jacob Rivlin
July 06De Beers' historic sale is around the corner, and the entire industry is holding its breath. Will the new owners manage to become the new "Oppenheimers" and restore glory to natural diamonds? Read More...