Sotheby's 2025: Record Watch Sales, Increased Jewelry Sales
December 20, 25
Sotheby's says 2025 was a record year for watch sales, up 22 per cent on the previous year at $193.6m. Worldwide jewelry revenue increased 18 per cent on 2024 to $317.7m, with the sale of some notable lots, but it fell well short of the company's 2014 record... Read More...
Oman Abolishes Import Duty on Indian Gems and Jewelry
December 19, 25Diamond manufacturers in India are hoping the abolition of import duties on gems and jewelry sold to Oman will boost their exports to the country. Both countries signed an agreement earlier this week - the India-Oman Comprehensive Economic Partnership ... Read More...
Mexico Hits India Diamantaires with 50% Tariff
December 18, 25Mexico is imposing its own 50 per cent tariff on diamonds imported from India. It is following the US lead, and preventing Indian diamantaires using it as a "bridge" - shipping rough or semi-cut stones there, polishing them there (to qualify as "Mexican")... Read More...
3.63-ct "Salt and Pepper" Pink Fails to Sell
December 18, 25The highlight of Sotheby's Fine Jewelry sale in New York - a rare 3.63-carat fancy vivid purple-pink diamond — failed to find a buyer. The unmounted, cut-cornered rectangular modified brilliant-cut stone carried a pre-auction estimate of $1m Read More...
Secrets Shhh, Ethical Lab Grown Retailer, Collapses
December 17, 25A retail chain that promoted lab growns as an ethical alternative to natural diamonds has collapsed in Australia. Secrets Shhh, founded in 2000, entered voluntary administration on 10 December. The business continues trading as normal, where stock is available... Read More...
Memo by John Jeffay
December 18It looks like Christie's pitched a little low. Their pre-sale estimate for a 13.54-carat Paraiba tourmaline was just $400,000 to $600,000. It sold at their New York Magnificent Jewels auction last week for $4,223,000. So what's the story with Paraiba tourmalines... Read More...