Gemfields Auction Revenue Surges Despite Weak Ruby Recoveries
August 03, 26
emfields reported a sharp rebound in auction revenue from rubies and emeralds in the first half of 2026, up 71.5% to $102.9 million. The improved results were driven by strong demand at recent high‑quality sales, and are reflected in the company's ... Read More...
Raiders Use Circular Metal Cutter at Jewelry Store
August 03, 26Two men were arrested at a US jewelry store, suspected of breaking through the front door with a circular metal cutter. Surveillance video shows two suspects sawing their way into Karlos Jewelry and Diamonds, in Laurel, Maryland, then searching... Read More...
Anglo Hasn't Ruled out Other De Beers Bidders
August 02, 26Anglo American say it has not so far granted exclusivity to any group bidding to buy De Beers. Anglo's CEO Duncan Wanblad told reporters last Thursday (30 July): "We are not exclusive with any particular consortium ‌at â this particular point in time... Read More...
$73m Diamond Smuggling Suspects and the Dollar Bill Codes
July 30, 26Gang members suspected of smuggling $73 million of diamonds into Vietnam allegedly used the serial numbers from US dollar bills as a secret authentication code. The stones were hidden in luggage, shoes, and clothing and illegally brought from Hong Kong ... Read More...
Jewelry Buyers Duped by AI Scam Website
July 30, 26Buyers were duped by a "jewelry store website" offering 80% discounts that turned out to be an AI scam. They ordered and paid for items advertised as being part of a closing-down sale, but never received their goods. Customers were taken in by... Read More...
Memo by John Jeffay
July 31Remember Blockbuster, the video rental chain that once boasted more than 9,000 outlets globally? Or Kodak, the company that sold a billion rolls of film a year? Or Borders, Nokia, or BlackBerry? How are the mighty fallen. They innovated and they dominated... Read More...