Newsroom

IDEX Price Report for September: Prices Remain Under Pressure

September 03, 26 by

The overall trend remained downward in September, with price decreases again outnumbering increases in both rounds and fancies. Rounds showed broader weakness, particularly among goods from 0.70-cts to 1.99-cts, while fancies were more mixed but ... Read More...

Thief Jailed after Switching $154,000 Diamond for Fake Gem

September 03, 26 by John Jeffay

A thief has been sentenced to more than two years in jail in Singapore after he switched a $154,000 diamond with a fake stone hidden in his mouth. Serasiya Milan Ramnikbhai, 30, from India, pleaded guilty on September 1, 2026, to stealing a 4.95-carat ... Read More...

IDEX Group Announces Anish Kuriakose as New CEO

September 02, 26 by

IDEX Group today announces that Erez Rivlin has stepped down as Interim CEO, effective August 20, 2026, and that Anish Kuriakose has been appointed CEO of the leading online diamond-trading platform, effective September 1, 2026. Anish brings.... Read More...

Dubai Creates Dedicated Lab-Grown Division

September 02, 26 by John Jeffay

Dubai Multi Commodities Centre (DMCC) says it has established a dedicated lab-grown diamond division, as trade in the stones almost doubled last year to a record 76.9 million carats. It marks the formal and institutional separation of lab-grown and ... Read More...

Natural Prices Down 20-30% from Pandemic Highs, says De Beers

September 02, 26 by John Jeffay

Natural diamond prices have fallen 20-30% from their post-pandemic highs but are now stabilizing, according to Paul Rowley, executive vice president of diamond trading at De Beers. Larger stones above two carats are rising significantly, he said... Read More...

US Customs Seize $3.7m "Smorgasbord" of Counterfeit Jewelry

September 01, 26 by John Jeffay

U.S. Customs and Border Protection (CBP) officers seized what they described as a "smorgasbord of counterfeit jewelry" with an estimated retail value of more than $3.7 million had the items been genuine. The 875 items - as well as five designer ... Read More...

15-ct Fancy Yellow Diamond to Star in Money Launder Auction

September 01, 26 by John Jeffay

A 15.02-carat fancy yellow diamond ring is among more than 1,000 luxury items being auctioned in Singapore as part of the disposal of assets forfeited in a S$3 billion ($2.4 billion) money-laundering case. The cushion modified-cut fancy yellow diamond ... Read More...

Forevermark Targets 100 India Stores in Four Years

August 31, 26 by John Jeffay

Forevermark, the diamond jewelry brand owned by De Beers, plans to open 100 showrooms across India within four years, aiming for annual revenue of 1,000 crore rupees ($120 million). "India is an extremely important market for Forevermark, and that is... Read More...

200-Carat Diamond Necklace Stolen in Brazen Heist

August 31, 26 by John Jeffay

A 200-carat Van Cleef & Arpels diamond necklace set with 673 stones was stolen from a Vienna museum in a brazen daylight heist. Thieves bought entry tickets and did not disguise themselves before fleeing with the piece that sold for $4.3 million at ... Read More...

US Extends Russian Diamond Import Waiver to 2027

August 30, 26 by John Jeffay

The US has extended a waiver allowing limited imports of Russian-origin diamonds until September 2027, a move seen as practical rather than a softening of sanctions. The Office of Foreign Assets Control (OFAC) renewed General License 104B ... Read More...

Alrosa Stockpiles $1.8bn Rough as it Posts H1 Loss

August 30, 26 by John Jeffay

Unicorn Brooch with Royal Link Sells to Private Collector

August 27, 26 by John Jeffay

Rapper Proposes with Ring Worth up to $2.5m

August 26, 26 by John Jeffay

Ekati Mine Faces Possible Water License Suspension

August 25, 26 by John Jeffay

Swiss Watch Exports Rise 9.6%, Led by US Surge

August 25, 26 by John Jeffay

Two Arrested after Jewelry Ram-Raid Leaves Employee Dead

August 24, 26 by John Jeffay

De Beers Sale Could Face 18 Months Of Regulatory Reviews

August 24, 26 by John Jeffay

Mountain Province Q2 Losses Widen to $87m

August 23, 26 by John Jeffay

Memo by John Jeffay

September 03

Diamond 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...