US Jewelry Spending Up 10%, says Citibank
July 03, 25
Spending on luxury jewelry in May was up by 10.1 per cent, according to Citigroup. The figure is strikingly at odds with the US Department of Commerce, which puts the year-to-year figure for May at just 2.9 per cent. Citi, the third biggest bank in the US... Read More...
Another Roof Raid: $1.5m Gold and Diamonds Stolen
July 03, 25Raiders escaped with diamond rings, gold chains and other valuables worth up to $1.5m in yet another "roof raid" on a US jewelry store. They broke into Meza's Jewelry, in El Monte, California, disabled the alarms and used power tools to cut their way into... Read More...
Modi Seeks Closer Diamond Ties with Namibia
July 03, 25India's prime minister is expected to push for closer diamond ties with Namibia when he makes his first ever visit to the country next week. India's Ankit Gems, KGK and other manufacturers currently operate cutting and polishing facilities in the capital... Read More...
IDEX Polished Price Index Rallies in June, Amid Tariffs Anxiety
July 03, 25The IDEX Polished Price Index rallied in June, with the biggest monthly rise since the post-Covid bounce back. The overall trend remains downwards, but the Index jumped 4.83 per cent in the month, reflecting anxiety over US reciprocal tariffs, which .. Read More...
US Watch and Jewelry Sales: Another Slight Rise in May
July 02, 25Watch and jewelry sales in the US increased again during May, and April's figure was revised upwards in the latest update from the Department of Commerce. Sales were up by 2.8 per cent in May and 2.3 per cent in April (initially reported as 0.8 per cent... Read More...
Memo by John Jeffay
July 03This is the story of Zhao Mou and his wife Mao, who thought they could make a quick buck selling counterfeit jewelry . . . until they were arrested. They were struggling to make ends meet in Shanghai, China, selling unbranded trinkets through their online store... Read More...