Forevermark Targets 100 India Stores in Four Years
August 31, 26
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, 26A 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, 26The 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, 26Alrosa attributed its first-half net loss to a weak global diamond market, a strong ruble and slow sales, as unsold rough piled up to record levels, according to full financial results released on August 26. It said inventories of unsold rough now amounted to... Read More...
Unicorn Brooch with Royal Link Sells to Private Collector
August 27, 26A whimsical unicorn brooch by Fulco di Verdura, once owned by Virginia Ogilvy, Dowager Countess of Airlie, who served as a Lady of the Bedchamber to Queen Elizabeth II, has sold to a private collector in Asia. The brooch sold for £23,750 (USD 32,290)... Read More...
Memo by John Jeffay
August 28We've all read about lab grown diamonds being passed off as natural stones, being cut as an exact match, with the same inclusions and even bearing what appears to be a genuine inscription. So much for polished stones. Now it seems bad actors are trying it ... Read More...