Swiss Watch Sales up 11% in June
July 22, 26
Swiss watch exports increased by 11.2% in June, following on from negligible growth (+0.4%) in May. There was strong growth in the US (+12.7%), the biggest single market, and the UK (+12.2%), driven by a favorable base effect (lower sales last June)... Read More...
$7 "Costume Jewelry" is Actually a $20,000 Diamond Ring
July 22, 26A piece of costume jewelry, bought for £5 ($7) at a yard sale in England, turned out to be a 3.02-carat diamond set in an 18K gold ring valued at £15,000 ($20,225). The unnamed owner took it to a traveling jewelry and antique appraisal event in Oxford... Read More...
Canada's First Diamond Mine to Shut, Owners Enter Receivership
July 22, 26Burgundy Diamond Mines, owners of Ekati, are to enter receivership after running up debts of over $280 million and failing to find a buyer for Canada's first commercial diamond mine. The Supreme Court of British Columbia placed its subsidiary ... Read More...
CIBJO: 4Cs for Natural Diamonds Only, Lab Growns are "Synthetics"
July 22, 26Only natural diamonds should be graded with the 4Cs, says CIBJO (the World Jewellery Confederation). And the word "synthetic" should be regarded as the preferred term to describe diamonds created through industrial processes. CIBJO, the body that... Read More...
Podcasts Chart Rise and Fall of Nirav Modi
July 21, 26A 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...
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...