Bombshell: Trump's 26% Tariffs on Indian Exports
April 03, 25
India's diamond industry is in shock today after the US imposed 26 per cent reciprocal tariffs on all its exports. That's almost double the 13.3 per cent predicted by India's Global Trade Research Initiative before yesterday's news (2 April). Traders... Read More...
The Diamond ETF: Momentum Builds for a New Era of Value Creation
April 02, 25The diamond industry is at a critical juncture - with plummeting prices, excess inventory, and the rise of lab-grown diamonds threatening the value of natural stones. The solution? A Diamond ETF, led by Diamond Standard, is poised to... Read More...
US Watch and Jewelry Sales Steady in February
April 02, 25Watch and jewelry sales in the US were stable in February, according to the latest figures from the US Department of Commerce, amid ongoing economic uncertainty and shifting consumer behavior. Overall sales grew by a very modest 0.2 per cent during... Read More...
Fugitive Choksi Now "Living in Antwerp"
April 02, 25Fugitive diamond trader Mehul Choksi - a prime suspect in the $1.85bn Punjab National Bank (PNB) fraud case - is now reported to be living in Antwerp. He left India - where he owned and operated the Gitanjali Group, the 4,000-outlet jewelry retailer ... Read More...
Soccer Star's $1m Gold and Diamond Mask
April 02, 25Soccer player Victor James Osimhen has splashed out up to $1m on a huge gold and diamond replica of the mask he wears after breaking a cheekbone. The bespoke piece was crafted by New York-based Benny Da Jeweler using 1 kg of rose gold... Read More...
Memo by John Jeffay
April 03This changes everything. Or does it? Today Trump's newly-announced tariffs feel like a body blow to the diamond industry. But what about tomorrow or the day after? Loose stones entering the US from India are currently zero-rated. From next Wednesday they'll ... Read More...