LVMH Watch and Jewelry Sales Slip 5%
April 18, 24
LVMH saw watch and jewlery sales slip by 5 per cent during the first quarter of 2024. The French luxury conglomerate said geopolitical and economic uncertainties were to blame for a slowdown that saw revenue across... Read More...
Canada's Biggest Gold Heist "was Inside Job"
April 18, 24Police investigating last year's gold heist at Toronto airport - the biggest in Canada's history - believe it was an "inside job". They say two Air Canada employees, one former and one current, are among the nine suspects... Read More...
GIA Launches Printed Versions of Digital Reports
April 18, 24GIA is introducing printed versions of its AGS Ideal Reports. The grading lab says it's responding to customer demand, despite a general move away from paper to digital. It is offering discounts for a limited period... Read More...
Petra's Prices Boosted by $8.2m Blue
April 17, 24Petra Diamonds sold fewer carats but achieved higher prices earlier this month at its fifth tender of FY 2024, boosted by the sale of an $8.2m blue diamond. The UK-based miner achieved an average $136 per carat ... Read More...
De Beers Sells $445m Amid Ongoing Uncertainty
April 17, 24De Beers today (17 April) reported $445m of rough sales (provisional figure) during its third cycle of the year, a very slight increase on $431m at its second cycle. Ongoing economic uncertainty, together with a slow ... Read More...
Memo by John Jeffay
April 18When is a lab grown diamond not a lab grown diamond? That's one of the more intriguing questions at the center of the latest row about what terms should be used to describe any diamond that wasn't produced underground. Skydiamond, a UK diamod manufacturer... Read More...