Newsroom

Holiday Season: Modest Uptick in US Jewelry Sales

January 07, 26 by John Jeffay

Jewelry sales in the US grew by 1.6 per cent during the 2025 holiday period, outpacing last year's 0.8 per cent rise as consumers showed renewed confidence. Stable inflation also boosted discretionary spending, as shoppers gravitated toward meaningful gifts... Read More...

Diamond Slump: Botswana Sells $75,000 "Golden Passports"

January 07, 26 by John Jeffay

Botswana is selling "golden passports" for $75,000-plus to plug a financial hole left by plunging diamond revenues. The Citizenship by Investment (CBI) program targets high-net-worth individuals from India, the US, South Africa, Pakistan, Nigeria, and Zimbabwe... Read More...

Hole in Wall Heist: Raiders Loot 3,000 Safe Deposit Boxes

January 07, 26 by John Jeffay

Thieves looted gold, diamonds, jewelry, cash and other valuables from 3,000 safe deposit boxes after drilling through the wall of a bank in Germany over the Christmas weekend. Police called it a "spectacular," raid that was meticulously planned and which would... Read More...

US Watch and Jewelry Sales: Signet Maintains Growth

January 06, 26 by IDEX Online

Signet Jewelers reported a 3.0 per cent increase in same-store sales (SSS) for the three months to 1 November 2025, marking continued momentum from prior quarters. This is the best indicator we have at present on specialty sales of US watches and jewelry... Read More...

Karowe's Underground Expansion to Cost $779m

January 06, 26 by John Jeffay

The underground expansion of the Karowe diamond mine, in Botswana, is set to cost a total of $779m, according to an updated technical report published yesterday (5 January) by Canadian miner Lucara. Operations should begin in the first half of 2028, and the... Read More...

Bow Tie Diamond Could Fetch $124,000

January 06, 26 by John Jeffay

Alrosa has announced the recovery of a highly unusual rough diamond shaped like a bow tie. The 2.94-carat stone was found by its subsidiary Severalmaz at the Lomonosov deposit, near Pomorye, in Russia's Arkhangelsk region in August, but has only... Read More...

Namibia's Diamond Output Hit by Price Drops and Lab Growns

January 05, 26 by John Jeffay

Namibia's rough diamond production fell by 3.5 per cent year-on-year during Q3 2025, as prices fell, demand for lab growns increased and inventories grew. The Bank of Namibia said in its quarterly bulletin that the country's output was 442,000 carats, down... Read More...

Israeli FTA Delegation to Visit India

January 05, 26 by John Jeffay

An Israeli delegation is expected to visit India this month as both sides edge toward a Free Trade Agreement (FTA) that could redefine their economic ties and provide benefits to the diamond industries of both countries. Talks were dramatically reignited last... Read More...

The Slide Continues for IDEX Polished Price Index in December

January 05, 26 by IDEX Online

The IDEX Polished Price Index kept sliding during December, although the fall was slightly less than the previous month. The Index was down 1.35 per cent, compared to -1.72 per cent in November. The December decline largely reflects continued soft demand... Read More...

Another Month of Recovery for Hong Kong Watches and Jewelry

January 05, 26 by John Jeffay

Hong Kong's recovery in hard-luxury sales continued in November, according to the latest figures, but growth during the month was slower than in October. Revenue in the jewelry, watches, clocks and valuable gifts sector was up 3.6 per cent, said the Census... Read More...

Botswana and Russia Eye Closer Ties

January 05, 26 by John Jeffay

Passenger Hid $280,000 Diamonds Inside Body

January 04, 26 by John Jeffay

India's Voluntary New Code on Lab Grown Terms

January 01, 26 by John Jeffay

Women in India Buying Their Own Diamonds

January 01, 26 by John Jeffay

IDEX Price Report for 1 January: Still No Signs of a Recovery

January 01, 26 by IDEX Online

Soccer Star Buys Himself 986-ct Birthday Gift

December 31, 25 by John Jeffay

Diamond Slump Hits Botswana's GDP

December 30, 25 by John Jeffay

Titan Finally Starts Selling Lab Growns

December 30, 25 by John Jeffay

Memo by John Jeffay

January 01

It's not quite a Lightbox moment, but it's certainly worth mentioning when India's biggest jewelry retailer finally dips its toe into lab growns. Titan, with over 760 stores across its Tanishq, Mia, Zoya, and CaratLane brands, had long resisted any move away from ...  Read More...