Rio Tinto Sells Last of the Argyle Pinks to British Jeweler
October 02, 26
Rio Tinto has sold its remaining Argyle pink diamond inventory and transferred ownership of the Argyle Pink Diamonds brand to British jeweler Boodles. The deal, announced on October 1, comes almost six years after Rio Tinto shut the Argyle mine in ... Read More...
Fancy Intense Yellow Fetches $550,000, but Auction Highlight is Unsold
October 02, 26A 23.34-carat fancy intense yellow VVS1 diamond ring sold for HKD4.3 million ($550,810) at Phillips' Hong Kong Jewels Auction, just shy of its high estimate. But what was billed as the highlight of the event, a Bulgari 9.86-carat Kashmir sapphire and diamond ... Read More...
IDEX Price Report for 1 October: Downward Pressure Persists
October 01, 26September continued to show downward pressure on IDEX asking prices, with decreases substantially outnumbering increases in both rounds and fancies. Rounds showed the clearer weakness, with 247 price decreases against 96 increases. Fancies recorded .... Read More...
Smuggling Scandal: Jeweler Predicts Huge Loss amid Rush for Buybacks
October 01, 26Vietnam's largest listed jewelry retailer is forecasting a $241 million loss for 2026, after a diamond-smuggling scandal triggered a huge rush of buybacks. PNJ (Phu Nhuan Jewelry), which has 430 stores across the country, now assumes that customers ... Read More...
Indian Exporters Rush to Beat Threat of 100% US Tariff
September 30, 26Indian diamond and jewelry exporters are rushing to ship US-bound orders ahead of a potential 100% tariff that could be imposed from October 18. President Donald Trump announced the move on September 18, signing legislation that gives the... Read More...
Memo by John Jeffay
October 01There's a critical lesson to be learned from a diamond scandal currently unfolding in Vietnam. And it's the importance of customer confidence. In case you missed the big news from Ho Chi Minh City, here's what happened: PNJ (Phu Nhuan Jewelry) ... Read More...