India's Polished Exports Rise Sharply in November
December 16, 25
India's polished diamond exports rose sharply last month compared with November 2024, reflecting signs of greater market stability. However, the 38 per cent increase in USD terms largely reflects last November's unusually low activity, when major diamond... Read More...
Slight Drop in US Watch and Jewelry Sales in September
December 16, 25Sales of watches and jewelry in the US fell 0.7 per cent, year-on-year, in September, according to long-delayed figures from the Department of Commerce. That marks a slowdown after more positive performances in July (+3.7 per cent) ... Read More...
Alrosa "Considering $50m Polishing Plant in India"
December 16, 25Alrosa is reportedly considering a move to establish its own diamond polishing facility in India. The plant would be located in Surat or Jaipur, at an estimated cost of $50m, and it would represent Alrosa's first overseas expansion, according to the... Read More...
IMF Cautions Botswana: Don't Buy De Beers
December 15, 25The IMF has cautioned Botswana's authorities against increasing the country's stake in De Beers. It says the country's economy is struggling with weak diamond demand and fiscal pressures, and increasing its stake above the current 15 per cent would... Read More...
Man Pleads Not Guilty to Swallowing $19,000 Faberge Egg
December 15, 25The man accused of swallowing a $19,000 Faberge egg pendant has entered a not guilty plea at a court in New Zealand. He was accused of theft and additional charges when he appeared earlier today (15 December) at Auckland District Court. The 32-year-old man... Read More...
Memo by John Jeffay
December 11Is Costco brave or foolish going head-to-head with Trump over tariffs? The stakes are high for the warehouse giant, listed as the sixth biggest watch and jewelry retailer in the US (as ranked by National Jeweler). It filed suit in the US Court of International Trade ... Read More...