CIBJO Backs 'Synthetic' Terminology for Lab Growns
September 08, 26
CIBJO, the World Jewellery Confederation, this week backed "synthetic" as the preferred term for diamonds produced through industrial processes. The move reverses its 2010 acceptance of "laboratory-grown diamond" and other similar terms, and could .... Read More...
SEC Accuses Lugano Founder of Alleged $1bn Diamond Fraud
September 08, 26The US Securities and Exchange Commission (SEC) has accused Mordechai Ferder, founder of the luxury Lugano jewelry company based in California, of orchestrating an alleged fraud in which investors were persuaded to put hundreds of millions of ... Read More...
Gem Diamonds Returns to Profit as Rough Prices Rise
September 07, 26Gem Diamonds returned to profit in the first half of 2026 as higher rough diamond prices at its Letseng mine in Lesotho lifted revenue despite lower recovered carat volumes. The company reported attributable profit of $0.6 million for the six months... Read More...
Sotheby's Hong Kong Offers $2.6m Ruby Earrings
September 07, 26A pair of Burmese ruby and diamond earrings estimated at up to HKD 20 million (USD 2.6 million) will headline Sotheby's Hong Kong High Jewelry auction on September 17. The pear-shaped ruby earrings, weighing 5.20 and 5.08 carats, are set with rose-cut... Read More...
77 Diamonds Investigates Alleged Hack of Customer Data
September 06, 26London-based jeweler 77 Diamonds is investigating an alleged cyberattack after a threat actor claimed to have obtained a database containing hundreds of thousands of customer records. The Times reported on September 5 that the Metropolitan Police ... Read More...
Memo by John Jeffay
September 03Diamond 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...