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Latest News & Stories

G7 Finally Announce Russian Diamond Sanctions

The G7 nations finally announced sanctions on Russian diamonds yesterday (6 December) as part of a series of new measures aimed at restricting funds for its war against Ukraine. "We will introduce import... Read More..

Rough Ruby Prices Soaring, says Gemfields

Prices of rough rubies have more than doubled in the last two years, said Gemfields as it announced results of its latest sealed-bid auctions. The UK-based colored gems miner achieved an average $290... Read More..

$5.5m Yellow Diamond Beats Estimate

A huge 133.03 carat fancy vivid yellow diamond sold yesterday (5 December) for $5.5m, above its pre-sale estimate of $4m to $5m, at Sotheby's New York. The gem, described as coming from "an important private ... Read More..

De Beers set to Stockpile More Rough

De Beers is preparing to stockpile more unsold diamonds after this week's sight in Gaborone. It is expected to offer sightholders smaller allocations than usual, with rough prices showing no sign as yet of picking... Read More..

Another Revenue Dip for Signet

Signet Jewelers yesterday (5 December) announced a 12 per cent drop in Q3 revenue to $1.4bn, in line with its expectations. Bridal, which has historically accounted for almost half of Signet's sales is still ... Read More..

Tributes to Victim of First US Jewelry Homicide

A jeweler from Denver, Colorado has been shot dead in what is understood to be the US's first industry homicide this year. Peter Damian Arguello was found deceased at his store, Peter Damian Fine Jewelry... Read More..