US Watch and Jewelry Sales: Another Slight Rise in May
July 03, 25
Watch and jewelry sales in the US increased again during May, and April's figure was revised upwards in the latest update from the Department of Commerce. Sales were up by 2.8 per cent in May and 2.3 per cent in April (initially reported as 0.8 per cent... Read More...
Another Roof Raid: $1.5m Gold and Diamonds Stolen
July 03, 25Raiders escaped with diamond rings, gold chains and other valuables worth up to $1.5m in yet another "roof raid" on a US jewelry store. They broke into Meza's Jewelry, in El Monte, California, disabled the alarms and used power tools to cut their way into... Read More...
Modi Seeks Closer Diamond Ties with Namibia
July 03, 25India's prime minister is expected to push for closer diamond ties with Namibia when he makes his first ever visit to the country next week. India's Ankit Gems, KGK and other manufacturers currently operate cutting and polishing facilities in the capital... Read More...
IDEX Polished Price Index Rallies in June, Amid Tariffs Anxiety
July 03, 25The IDEX Polished Price Index rallied in June, with the biggest monthly rise since the post-Covid bounce back. The overall trend remains downwards, but the Index jumped 4.83 per cent in the month, reflecting anxiety over US reciprocal tariffs, which .. Read More...
New Plant to Triple Gemfields' Ruby Production
July 02, 25Gemfields says it is close to completing a second processing plant at its Montepuez ruby mine, in Mozambique, that will treble its capacity. Work on the $70m project has been delayed because of technical issues, difficulties obtaining work permits... Read More...
Memo by Hertz Hasenfeld
June 26The Natural Diamond Council (NDC) has recently adopted a bolder, more pointed tone in its advertising—drawing a clear line between natural diamonds and synthetics. This shift has stirred some controversy within the trade, with critics calling the campaigns "divisive" ... Read More...