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Latest News & Stories

LVMH Watch and Jewelry Sales Slip 5%

LVMH saw watch and jewlery sales slip by 5 per cent during the first quarter of 2024. The French luxury conglomerate said geopolitical and economic uncertainties were to blame for a slowdown that saw revenue across... Read More..

 
Canada's Biggest Gold Heist "was Inside Job"

Police investigating last year's gold heist at Toronto airport - the biggest in Canada's history - believe it was an "inside job". They say two Air Canada employees, one former and one current, are among the nine suspects... Read More..

GIA Launches Printed Versions of Digital Reports

GIA is introducing printed versions of its AGS Ideal Reports. The grading lab says it's responding to customer demand, despite a general move away from paper to digital. It is offering discounts for a limited period... Read More..

 
Petra's Prices Boosted by $8.2m Blue

Petra Diamonds sold fewer carats but achieved higher prices earlier this month at its fifth tender of FY 2024, boosted by the sale of an $8.2m blue diamond. The UK-based miner achieved an average $136 per carat ... Read More..

De Beers Sells $445m Amid Ongoing Uncertainty

De Beers today (17 April) reported $445m of rough sales (provisional figure) during its third cycle of the year, a very slight increase on $431m at its second cycle. Ongoing economic uncertainty, together with a slow ... Read More..

 
G7 Sanctions: Calls for Screening Centre in India

Indian officials are calling for their own diamond screening center to comply with new G7 sanctions, claiming a single-entry point in Belgium is increasing costs and putting jobs at risk. India's external affairs... Read More..