14% Surge in Jewelry Sales at Richemont
January 20, 25
Richemont, the Swiss luxury goods conglomerate, saw jewelry sales from its Cartier, Van Cleef & Arpels,Vhernier and Buccellati jewelry maisons surge by 14 per cent in the last three months, in what it said was a "very solid end to the calendar ..... Read More...
Finance Secured for Vietnam Diamond Exchange
January 20, 25Financial backers say they have secured billions of dollars to establish Asia's first-ever combined rough and lab-grown diamond exchange. Philux Global Group said (on Friday, 17 January) it had signed a $5bn private investor contract... Read More...
Antwerp Demands Government Help on Banks, Visas, Customs
January 19, 25Antwerp's diamond industry is demanding "decisive support" from the government after rough imports dropped by 35 per cent because of G7 sanctions on Russia. The Antwerp World Diamond Centre (AWDC) is calling for access to Belgian banks... Read More...
Rapper Drake's Heavyweight Diamond Necklace
January 19, 25This is the latest heavyweight jewelry extravaganza from Canadian rapper Drake - a necklace fashioned from 6lbs of gold and 250 carats of flawless colored diamonds. It depicts his alter ego, a cartoon character called Anita Max Wynn who he introduced... Read More...
FBI Foils $2m Crypto Plot to Kidnap Miami Jeweler
January 19, 25Four men have been arrested by the FBI over a plot to kidnap a jeweler and demand a $2m ransom in cryptocurrency for his release. None of them realized that a member of their chat group on the Telegram messaging app was actually an informant... Read More...
Memo by Erez Rivlin
January 16There is quite a wide consensus regarding the three fundamental solutions for the current crisis in the diamond industry. Advertising, advertising, and then some more advertising. So far, it seems nobody has come up with even a small share of the money necessary to cure the industry of its Read More...