Helzberg Faces Class Action over Limited-Time Discounts
June 05, 25
Helzberg Diamonds is facing a class action lawsuit over claims that it misrepresents "limited time" discounts on its merchandise. The US-based retailer is accused of routinely claiming that substantial online discounts are about to end, even though the... Read More...
Relief Package for Surat's Diamond Workers
June 05, 25A limited relief package has been announced for diamond workers and small manufacturing units in Surat. The Gujarat state government is responding to widespread job losses and economic hardship among the estimated one million diamond workers in Surat... Read More...
No Diamond to Leave Botswana Unpolished, says President
June 05, 25Botswana's new president wants to boost his country's flagging economy by cutting and polishing all the rough diamonds it produces. Duma Boko told a public assembly in Ramotswa, in the southeast of the country: "No diamond will leave this country raw ... Read More...
Signet Turnaround Plan Boosts Sales
June 04, 25Signet Jewelers reported better-than-expected quarterly sales, but profits slid, primarily due to higher income tax expenses and restructuring charges. The world's largest retailer of diamond jewelry reported a 2 per cent revenue increase to $1.54bn... Read More...
Two Tiers: GIA to Grade Lab Growns as either Premium or Standard
June 04, 25GIA says it will start grading lab grown diamonds simply as "premium" or "standard", in a move that clearly sets them apart from natural stones. It will no longer score them for color or clarity because, it says, the vast majority of lab growns fall into... Read More...
Memo by John Jeffay
June 05Stand by for more tariffs turmoil. Donald Trump caused global mayhem with his "Liberation Day" announcement on 2 April, imposing reciprocal import duties on all US trading partners. He pressed the pause button a week later, offering a 90-day reprieve... Read More...