Ruby and Diamond Necklace Sells for 20 Times Estimate
June 09, 26
A diamond necklace featuring a 5.02-carat Burmese ruby sold for $2,178,000 - more than 20 times its pre-sale low estimate at Bonhams New York yesterday (8 June). The auction house said there was "intense competition" for the piece, which had been ... Read More...
Lost Watch: Collector Sues over Alleged "Bait-and-Switch"
June 09, 26A collector is suing Richemont Canada and the luxury Montreal-based jeweler Birks, claiming they lost his watch worth CAN 80,000 (USD 59,000) after he took it in for servicing - and then tried to give him a replacement that had been discontinued... Read More...
De Beers: Botswana Seeks Gulf Help to Buy Reduced Stake
June 08, 26Botswana is reportedly seeking financial help from UAE and Oman to buy a reduced stake in De Beers. It had been aiming for overall control of the loss-making miner, but has scaled back its ambitions amid the worst downturn in the diamond industry's... Read More...
US Base Effect Dents Swiss Watch Exports
June 08, 26Swiss watch exports declined sharply during April, largely due to the base effect of a year-on-year comparison with the pre-tariff rush in the US. Overall foreign sales were down 16.6% to CHF 2.1 billion (USD 2.4 billion), according to the Federation of ... Read More...
Titan Officially Launches First Lab Grown Collection
June 07, 26Titan Company officially launched beYon, its first foray into the lab-grown market, on 3 June, marking a strategic pivot for India's largest branded jewelry maker by value. Titan had long resisted lab growns, and even now it is selling them only at.... Read More...
Memo by
June 04Marilyn Monroe and Catherine the Great - icons separated by two centuries, but each of them still an active brand ambassador . . . for diamonds. This week was the centenary of Marilyn's birth (1 June 1926) - with exhibitions, celebrations and ... Read More...