Alrosa's Deputy CEO Leaves Company
January 02, 25
Vladimir Marchenko, deputy CEO of Alrosa, has left the company. He oversaw the miner's activities in Africa and his departure comes as Alrosa bows to sanctions-related pressure from Angola and sells its share in the Catoca and Leule mines... Read More...
Worker "Flees with $170,000 of Diamonds"
January 02, 25A fugitive worker in India, accused of stealing diamonds valued at over $170,000, switched vehicles 13 times to avoid capture. Police finally arrested the man, named as Sachin Makwana, 12 days later (on 22 December) and 700 miles away. During his... Read More...
Surat Diamond Cutters Diversify into Gold Jewelry
January 01, 25Diamond cutting businesses in Surat are diversifying into jewelry manufacture amid ongoing weak demand for polished diamonds, balanced by an increased appetite for gold jewelry. "The units have gradually started doing job work in jewellery... Read More...
"Friend" Charged with Murder of US Jeweler
January 01, 25A man has been charged with second-degree murder following the death of jeweler in Florida, USA. Police believe there was an argument between the victim, 73-year-old Anthony D'Amore, and the suspect, 56-year-old Nenad Milosevich... Read More...
IDEX Price Report for 1 January: Prices are Stabilizing
January 01, 25Prices showed further sign of stabilizing during December - especially larger rounds - as consumer demand increased during the holiday period. Jewelry spending in the US was up 4.0 per cent for the period from 1 November to 24 December, according to Mastercard... Read More...
Memo by John Jeffay
January 02It's one of the biggest and most brazen gem burglaries in Britain. A lone raider broke into a millionaire's mansion in London, cracked the safe and ran off with over $13m of jewelry. He struck on a Saturday afternoon, climbing through a second-story window while... Read More...