US Hits Canada with Punitive 50% Tariff
July 26, 26
The US will target Canadian diamonds and other exports with a punitive 50% tariff, over and above the new Section 301 tariffs that were introduced on goods from 60 countries last Friday (24 July). President Donald Trump says the move is designed to... Read More...
Trump Introduces Third Round of Tariffs
July 26, 26The Trump administration has announced a new set of tariffs that will add either 10% or 12.5% to the cost of jewelry, diamonds and gemstones imported into the United States, depending on the country of origin. The new strategy uses different legislation... Read More...
Swiss Watch Sales up 11% in June
July 22, 26Swiss 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...
Memo by Erez Jacob Rivlin
July 24Botswana is a nation built on diamonds. On 30 September 1966 the United Kingdom granted independence to what was then known as the Bechuanaland Protectorate, one of the world's poorest populations. Barely five months later, on 1 March 1967... Read More...