US Cuts Swiss Tariffs from 39% to 15%
November 17, 25
The US has, as expected, agreed to cut tariffs on Swiss watches and other exports from 39 per cent to 15 per cent. On Friday (14 November) the White House announced what it called an "historic trade deal" with Switzerland and its neighbor... Read More...
Star Diamond Losses Narrow as it Cuts Costs
November 17, 25Canadian junior miner Star Diamond reported another net loss in Q3, of CAD 989,000 (USD 705,000). It was lower than its Q3 loss in 2024 (CAD 1.4m, USD 997,000) and its loss of CAD 1.45m (USD 1,034,000) in Q2 2025. The company said it was narrowing... Read More...
6.17-ct Fancy Pink could Fetch $1.8m
November 16, 25A 6.17-carat fancy pink diamond is expected to fetch up to $1.8m in an online auction. The Angelina belonged to Willa Dean Lyon, wife of Maj Gen William Lyon, and was named after their granddaughter. Maj Gen Lyon was a successful businessman and real ... Read More...
Mountain Province CEO Quits as Losses Widen
November 14, 25Canada's Mountain Province Diamonds has announced the departure of Mark Wall, its president and CEO, on the same day it reported a third-quarter net loss of CAD 55.9m (USD 39.9m). Mountain Province, which owns 49 per cent of the open pit Gahcho Kue... Read More...
Severance Pay Delayed to Laid-Off Diamond Workers
November 14, 25More than 300 workers who were laid off from the Ekati diamond mine, in Canada, in July, have had their scheduled severance payments delayed as owners Burgundy battle cashflow problems. Last month the Calgary-based miner updated former... Read More...
Memo by John Jeffay
November 13It's the stuff of movies. A priceless yellow diamond, part of Austria's crown jewels, vanishes without trace in 1918 when Charles I, the country's last emperor, flees for his life. The mystery of the 137.27-carat gem, recovered from India's famed Golconda mines... Read More...