US Jewelry Industry Shrinks as New Business Openings Fall
November 01, 26
The number of US jewelry businesses continued to decline in the third quarter, although the rate of contraction slowed slightly, according to the Jewelers Board of Trade (JBT), which provides commercial credit information. There were 21,831 US ... Read More...
IDEX Price Report for 1 November: Decreases Dominate in Rounds and Fancies
November 01, 26October saw further downward pressure on prices, with decreases substantially outnumbering increases in both rounds and fancy cuts. Rounds recorded 267 price decreases against 75 increases. Fancy cuts recorded 253 decreases and 134 increases... Read More...
Putin Claims De Beers Wants Closer Cooperation With Russia
October 31, 26Russian president Vladimir Putin claims De Beers wants closer cooperation with Russia. He made the statement at the third Russia-Africa summit, on October 28, according to TASS, Russia's state-owned news agency, although there has been no ... Read More...
Government Rescue Plan for South Africa's Diamond Industry
October 29, 26South Africa has established a government-industry task team to identify measures to help struggling diamond producers, as falling rough-diamond prices, competition from lab growns and global inflation threaten mines and jobs. The intervention comes ... Read More...
Historic 197-ct Romanov Sapphire Could Fetch $2.1m
October 29, 26A 197.80-carat sapphire once worn by Russia's Dowager Empress Maria Feodorovna and documented among the Russian Crown Jewels is expected to sell for up to CHF 1.7 million ($2.1 million) at Sotheby's Geneva auction of royal and aristocratic jewels... Read More...
Memo by John Jeffay
October 29The Swiss watch industry was devastated by quartz technology in the 1970s. Exports halved in a decade as Seiko, Citizen, Casio, Timex and other brands flooded the market with mass-produced watches that did essentially the same job. They told the time. But that ... Read More...