US Customs Seize $3.7m "Smorgasbord" of Counterfeit Jewelry
September 01, 26
U.S. Customs and Border Protection (CBP) officers seized what they described as a "smorgasbord of counterfeit jewelry" with an estimated retail value of more than $3.7 million had the items been genuine. The 875 items - as well as five designer ... Read More...
15-ct Fancy Yellow Diamond to Star in Money Launder Auction
September 01, 26A 15.02-carat fancy yellow diamond ring is among more than 1,000 luxury items being auctioned in Singapore as part of the disposal of assets forfeited in a S$3 billion ($2.4 billion) money-laundering case. The cushion modified-cut fancy yellow diamond ... Read More...
Forevermark Targets 100 India Stores in Four Years
August 31, 26Forevermark, the diamond jewelry brand owned by De Beers, plans to open 100 showrooms across India within four years, aiming for annual revenue of 1,000 crore rupees ($120 million). "India is an extremely important market for Forevermark, and that is... Read More...
200-Carat Diamond Necklace Stolen in Brazen Heist
August 31, 26A 200-carat Van Cleef & Arpels diamond necklace set with 673 stones was stolen from a Vienna museum in a brazen daylight heist. Thieves bought entry tickets and did not disguise themselves before fleeing with the piece that sold for $4.3 million at ... Read More...
US Extends Russian Diamond Import Waiver to 2027
August 30, 26The US has extended a waiver allowing limited imports of Russian-origin diamonds until September 2027, a move seen as practical rather than a softening of sanctions. The Office of Foreign Assets Control (OFAC) renewed General License 104B ... Read More...
Memo by John Jeffay
August 28We've all read about lab grown diamonds being passed off as natural stones, being cut as an exact match, with the same inclusions and even bearing what appears to be a genuine inscription. So much for polished stones. Now it seems bad actors are trying it ... Read More...