Tiffany & Co Re-opens Stores after $6m Fine
June 11, 26
Tiffany & Co has been allowed to re-open three stores in Indonesia, after paying a $6.1 million fine for alleged import violations. They were closed in February by customs authorities pending checks on whether the company had paid levies on imported goods.... Read More...
Russia Insists on "Synthetic" Label for Lab Growns
June 10, 26The Russian government has announced new rules requiring lab growns to be labelled as "synthetic" so that consumers don't mistake them for natural stones. It does not list "lab grown" or any variant with "lab" or "laboratory" as being acceptable.... Read More...
Two Blues Each Fetch Over $8m
June 10, 26Two blue diamonds each sold for over $8 million yesterday (9 June) at Christie's New York, highlighting the importance of color over size. The 31.62‑carat Azure Blue, the largest fancy blue diamond ever offered at auction, went for $8,371,000, or $262,500 ... Read More...
Ruby and Diamond Necklace Sells for 20 Times Estimate
June 09, 26A diamond necklace featuring a 5.02-carat Burmese ruby sold for $2,178,000 - more than 20 times its pre-sale low estimate at Bonhams New York yesterday (8 June). The auction house said there was "intense competition" for the piece, which had been ... Read More...
Lost Watch: Collector Sues over Alleged "Bait-and-Switch"
June 09, 26A collector is suing Richemont Canada and the luxury Montreal-based jeweler Birks, claiming they lost his watch worth CAN 80,000 (USD 59,000) after he took it in for servicing - and then tried to give him a replacement that had been discontinued... Read More...
Memo by
June 04Marilyn Monroe and Catherine the Great - icons separated by two centuries, but each of them still an active brand ambassador . . . for diamonds. This week was the centenary of Marilyn's birth (1 June 1926) - with exhibitions, celebrations and ... Read More...