US Imports of Swiss Watches Down 52% in November
December 24, 25
Exports of Swiss watches to the US more than halved in November, and fell by more than 7 per cent globally, according to the latest figures from the Federation of the Swiss Watch Industry (FHS). The slump in US sales, down by 52 per cent year-on-year... Read More...
Alrosa "Achieves Targets" with 29.7m Carats in 2025
December 24, 25Alrosa yesterday (23 December) said its full-year diamond production for 2025 would be 29.7m carats, a 10 per cent drop on the previous year. The state-controlled Russian miner said it had achieved its targets for the year, in spite of a protracted... Read More...
Surat Diamond Bourse: 50 Offices are Open, out of 4,700
December 24, 25The ill-fated Surat Diamond Bourse (SDB), built at a cost of $388m and officially opened by India's prime minister two years ago, is reported to still have no more than 50 operational offices. The building, recognized as the largest office complex by ... Read More...
Stricter Rules to Outlaw Russian Diamonds
December 23, 25importers will need to meet stricter rules from 1 January 2026 to ensure sanctioned diamonds from Russia do not enter the EU. They will have to complete standardized documents, known as Due Diligence Statements on Diamond Origin for all polished stones... Read More...
Botswana Dismisses IMF Warning on Buying De Beers
December 23, 25Botswana's president has dismissed IMF concerns over his country's bid to buy De Beers, and vowed to press ahead. A defiant Duma Boko drew cheers from a crowded public assembly on 15 December when he said it was for the people of Botswana to decide... Read More...
Memo by John Jeffay
December 24It's all about marketing, says Ronnie VanderLinden. "My key issue, and it has long been my key issue, is marketing. Period," he says. "I think we've lost out because of the way we've marketed our product, our wares. Education and marketing is what will bring ... Read More...