Sarine Posts $3.5m Net Loss, Blames Lab Growns and Higher Costs
August 13, 26
Sarine recorded a net loss of $3.49 million for the first half of 2026 amid continued pressure from lab growns and challenging market conditions. The company said it expected business conditions to remain difficult, although it said anecdotal reports... Read More...
NDC: 80% of Marketing Spend to Target Consumers
August 12, 26The Natural Diamond Council (NDC) will redirect at least 80% of its future advertising investment to consumer-facing campaigns, according to CEO Amber Pepper. She was speaking last week at a trade meeting in Mumbai, organized by the Gem and Jewellery... Read More...
AI Drives China's 65% Surge in Lab Grown Exports
August 12, 26China's lab-grown diamond exports jumped 65.3% in the first half of 2026, driven in part by rising overseas demand for synthetic stones used to cool high-performance AI chips, official trade data show. The value of lab-grown diamond exports cleared through... Read More...
"$2m Jewel Thieves" Arrested after High-Speed Chase
August 12, 26Five suspected jewel thieves are in custody following a high-speed interstate chase in the US. They fled with cash, jewelry, and precious metals valued at more than $2 million after the heist at King Jewelers in Indianapolis on Monday (10 August), according... Read More...
Lucara Sells World's Second-Largest Diamond
August 11, 26Lucara has sold the world's second-largest diamond, the 2,488-carat Motswedi, for an undisclosed price. The sale was included in the Canadian miner's second-quarter results, which reported total revenue of $41.0 million for the three months ended June 30... Read More...
Memo by John Jeffay
August 13India's domestic jewelry market is no longer just a story about gold. Yes, gold-buying occasions in the Hindu calendar, along with the important wedding seasons, are still major drivers of demand. But there is a distinct shift away from traditional heavy,... Read More...