Mountain Province Losses Hit $200m
April 03, 26
Mountain Province Diamonds posted a net loss of CAD 279.5 million (USD 200.2 million) for FY 2025 - the result, it said, of a significant deterioration in market conditions, compounded by the planned processing of lower-grade stockpiles... Read More...
Pandora Accused of Copying FoundRae Medallions
April 03, 26Pandora is facing legal action from FoundRae, a New York-based fine jewelry brand, for allegedly copying the design and marketing of its signature gold medallions. FoundRae claims Pandora "has engaged in willful copyright infringement in violation of ... Read More...
Astor's Titanic Pocket Watch to be Auctioned
April 02, 26A pocket watch that belonged to John Jacob Astor IV, and that was recovered from his body after he died on the Titanic's maiden voyage, is to be sold at auction. The 18K yellow gold Patek Philippe timepiece, retailed by Tiffany & Co, is expected to fetch... Read More...
Demand is "Resilient" as Phillips Hong Kong Raises $5.4m
April 01, 26Phillips 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...
Memo by John Jeffay
April 03AI can do pretty much anything these days. But there are some areas where humans still excel . . . such as inventing a new diamond cut. Jacob & Co, watchmaker of choice for the uber-wealthy, has just introduced the Angel Cut, with 37 facets... Read More...