Demand is "Resilient" as Phillips Hong Kong Raises $5.4m
April 01, 26
Phillips raised $5.4 million from its Hong Kong Jewels Auction yesterday (30 March), reflecting what it described as "resilient demand", especially from Mainland China and Hong Kong. More than a quarter of the 85 lots (28%) were unsold, but all the Signed Jewels... Read More...
Botswana to Settle for Smaller De Beers' Stake?
March 31, 26Botswana may now settle for a minority stake in De Beers rather than seeking majority control, according to a report in The Economist. It says the government is now pursuing at "least 25%," which would indicate a significant softening in President... Read More...
Malabar Plans Major Store Expansion
March 30, 26Malabar Gold and Diamonds has announced a major expansion in India, with plans to open 50 new stores by the end of March 2027, despite ongoing volatility in gold prices. The company currently has 425 outlets globally, 340 of them in India, making it... Read More...
Tiffany's Flagship Beijing Store Honors Elsa Peretti
March 30, 26Tiffany & Co has officially opened its flagship store in Beijing - an imposing four-story building with a facade of translucent glass fins inspired by Elsa Peretti's bone cuff jewelry designs. It underscores Tiffany's confidence in China as a long-term core diamond ... Read More...
All Five Bodies Finally Recovered After Ekapa Mudslide
March 29, 26The bodies of all five workers who were trapped after a mudslide at the Ekapa diamond mine, in Kimberley, South Africa, on 17 February, have now been recovered. Rescue teams recovered one body on March 9, two more on March 22, and the final two... Read More...
Memo by John Jeffay
March 26Signet and De Beers, titans of the diamond world, both revealed plans in recent days to consolidate their operations. It's survival of the fittest. The phrase dates back to Charles Darwin and his evolutionary theory, although it was actually coined by another ... Read More...