Capacity Boost: Indian Company Buys 1,100 Lab Grown Machines
August 05, 25
Greenlab, recognized as India's largest lab-grown diamond producer, is set for a huge increase in capacity, after buying more than 1,100 new growing machines. The company already has 1,600 machines, producing 2.9m carats of rough diamonds a year... Read More...
The Watch King Hit in $560,000 Robbery
August 05, 25Social media influencer Moshe Haimoff - known to his 1.6m Instagram followers as The Watch King - was robbed at gunpoint outside his New York home. He was attacked by two masked men wearing construction hats and vests. One suspect tasered him in .. Read More...
World First: Lab Grown Hexagonal Diamonds
August 05, 25Researchers have, for the first time, created bulk quantities of super-strong hexagonal diamonds in the lab. Ordinary diamonds have a cubic lattice, but hexagonal diamonds have carbon atoms bonded in a hexagonally symmetric arrangement. Both types... Read More...
US Watch and Jewelry Sales Dip in June Ahead of Tariffs
August 04, 25Watch and jewelry sales in the US slipped into negative growth during June - down 1.7 per cent - after 19 months of almost uninterrupted increases. The decline, after such a prolonged positive period, reflects growing concern over the impact of US... Read More...
Gemfields Revenue Halved amid Disruption and Weak Demand
August 04, 25Gemfields' revenue from ruby and emerald auctions halved in the first six months of 2025, down to $60m from $121m in the same period last year, as it faced operational disruptions, production shortfalls in high-quality stones, and challenging market... Read More...
Memo by John Jeffay
July 31Yesterday's news that US importers would have to pay a total of 35 per cent in tariffs on goods from India came as no surprise. But for a diamond industry that has seen exports plunge to a 20-year low, there was little comfort. Hopes of a last-minute deal to avoid... Read More...