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Gemfields achieved a record high price of $322 per carat at its latest series of mixed-quality rough ruby auctions. The UK-based gemstone miner said the auction represented a "positive outcome under the current market conditions"... Read More..

Botswana is braced for its worst economic downturn since the Covid crisis, amid the ongoing slump in demand for diamonds. Finance Minister Ndaba Gaolathe this week warned that it could contract by 1.7 per cent this year as a direct result ... Read More..

A 10.33-carat Burmese ruby and diamond ring smashed its $2m high estimate and sold for $5.5m at Sotheby's New York. The cushion-cut ruby, described as having a "pigeon blood" hue, is flanked by two pear-shaped D-color diamonds weighing... Read More..

The owner of a US jewelry store has been arrested on suspicion of selling cocaine. Pedro Martinez, 54, is accused of using the premises of his Three J Jewelers, in Florida, for the sale and trafficking (supplying over an ounce) of the drug. Officers from... Read More..

Residents in the US are being sent unsolicited "diamond rings" in what's known as a "brushing scam". They receive a red jewelry box in the mail containing what turns out to be a fake diamond ring, together with a QR code for them to "register" the... Read More..