Hong Kong Jewelry and Watch Sales Jump 20% in September
November 05, 26
Sales of jewelry, watches and valuable gifts in Hong Kong rose 20.3% year over year in September, significantly outperforming the wider retail market, as the city's consumer spending continued to recover. The value of sales reached HK$4.706 billion... Read More...
Celebrated Baker Turns French Pastries into Jewelry Collection
November 05, 26Celebrated US cookbook author and baker Dorie Greenspan has launched a collection of silver and gold-plate charms and necklaces inspired by French pastries and other sweet treats. The idea is to bring her love of baking and French patisserie into jewelry... Read More...
Tighter Rules on Livestream "DiamondTok" Auctions
November 04, 26TikTok has tightened its rules on the sale of loose diamonds to customers during fast-paced livestream auctions in the US. The social media and e-commerce platform now requires sellers to provide GIA or IGI certification for all lab grown and natural gems... Read More...
First Auction of Watches from Singapore's $2.3bn Money-Laundering Case
November 04, 26Luxury watches by Patek Philippe, Vacheron Constantin, Rolex and other brands seized in Singapore's record S$3bn ($2.3bn) money-laundering scandal are to be sold at auction from next week. The first sale, titled Fine Watches, Part One, will run online ... Read More...
Petra Diamonds Shares Suspended as Miner Fights for Survival
November 03, 26Petra Diamonds, once one of the world's largest independent diamond producers, had trading in its shares suspended on the London Stock Exchange on November 2 after failing to publish its annual accounts. Petra is struggling with net debt of $322 million... Read More...
Memo by John Jeffay
November 05It costs an estimated $10.85 to produce a carat of lab grown rough. The real money is being made much further down the supply chain. By the time lab grown diamonds reach consumers as finished jewelry, their total retail value has increased 21-fold, according ... Read More...