Signet Repositions Blue Nile with Royal Asscher Deal
October 07, 26
Signet Jewelers has announced an exclusive North American partnership between Royal Asscher and Blue Nile, which it is repositioning from an online diamond retailer to a luxury jewelry brand. Royal Asscher, the Amsterdam-based, family-run diamond house... Read More...
Pandora Opens World's Biggest Jewelry Factory
October 07, 26Pandora has opened a $150 million jewelry factory in Vietnam, which it describes it as the world's largest fine-jewelry crafting facility. The company's first production facility outside Thailand will eventually account for about one-third of its global production ... Read More...
Thief Cut Courier's Trousers, Stole $15,000 Diamonds
October 06, 26A thief cut the trousers of an angadia (diamond courier) boarding a train in India, and stole the parcel he was transporting, valued at $15,600. The 55-year-old victim was about to travel from Ahmedabad to Mumbai on the express Gujarat Mail service... Read More...
Diamond Hunter Claims 6.03-ct Yellow "Could be Worth $1m"
October 06, 26An amateur diamond hunter who unearthed a 6.03-carat yellow gem at a state park in Arkansas, USA, claims collectors have told him it could be worth $1 million. Jack Pearadin, a US Navy reservist, discovered the stone while sifting gravel from the Crater.... Read More...
Troubled Petra Faces Sale of Company or Assets
October 05, 26Petra Diamonds today (October 5) said it had appointed a financial adviser to manage a strategic review - a possible precursor to the sale of its Cullinan mine and other assets, or of the entire company. The London-listed miner, which once operated a portfolio... Read More...
Memo by John Jeffay
October 01There's a critical lesson to be learned from a diamond scandal currently unfolding in Vietnam. And it's the importance of customer confidence. In case you missed the big news from Ho Chi Minh City, here's what happened: PNJ (Phu Nhuan Jewelry) ... Read More...