The Diamond ETF: Momentum Builds for a New Era of Value Creation
April 02, 25
The 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...
Swiss Watch Slump: Exports to China down 25%
April 02, 25Swiss watch exports slumped in February, down 8.2 per cent, with sales in China down by a quarter. The Federation of the Swiss Watch Industry Exports (FHS) described it as a "marked slowdown in an uncertain climate". It follows a brief return ... Read More...
Memo by John Jeffay
March 27Remember Gerald Ratner? He managed to wipe $500m off the value of Ratners Group, the British jewelry company, almost overnight with his frank assessment of the goods it sold. It was back in 1991 that he made his infamous comments at an Institute of Directors... Read More...