Backlash over Plans for Hatton Garden Heist Themed Bar
September 10, 26
Plans to turn the former Hatton Garden Safe Deposit vault in London into a heist-themed wine bar have provoked an angry backlash. Raiders broke into the underground vault over the Easter holiday weekend in 2015 after drilling through a 50cm-thick ... Read More...
JSA Warns Suppliers of Shipment Diversion Scam
September 10, 26The Jewelers' Security Alliance (JSA) is warning retailers and suppliers of a scam in which callers impersonate employees or customers to have high-value jewelry shipped and then diverted to addresses controlled by criminals. JSA said it had received numerous... Read More...
Surat Lab Grown Sector Calls for End to Heavy Discounts
September 09, 26India's lab grown diamond sector is calling for an end to heavy discounting, as manufacturers struggle with shrinking margins. Industry leaders urged traders and brokers not to sell below agreed prices and to avoid undercutting, at a meeting of the Surat Lab... Read More...
Angola and Botswana Join Forces to Defend Natural Diamonds
September 09, 26Angola and Botswana are joining forces to strengthen the position of natural diamonds in international markets as they seek to counter growing competition from synthetic stones. The two African producers, who jointly account for almost 30% of the... Read More...
CIBJO Backs 'Synthetic' Terminology for Lab Growns
September 08, 26CIBJO, the World Jewellery Confederation, this week backed "synthetic" as the preferred term for diamonds produced through industrial processes. The move reverses its 2010 acceptance of "laboratory-grown diamond" and other similar terms, and could .... Read More...
Memo by John Jeffay
September 03Diamond thefts have a habit of repeating themselves. A bit like history. I'm thinking of two stories in the news this week that have clear parallels in recent years: a brazen museum heist in Vienna and an audacious gem-switch in Singapore. On August 28... Read More...