IMF Cautions Botswana: Don't Buy De Beers
December 15, 25
The 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...
Unique Ford Coppola Watch Sells for Record $10.8m
December 15, 25A unique watch created for The Godfather director Francis Ford Coppola fetched $10.8m, smashing its pre-auction estimate of $1m. The sale set a new world auction record for watchmaker F.P. Journe and indeed for any watch by an independent watchmaker... Read More...
GIA to Determine Origin of Opal, Peridot, and Demantoid Garnet
December 14, 25The Gemological Institute of America (GIA) is expanding its origin-determination services to include opal, peridot, and demantoid garnet from January. The origin of these gemstones can drastically affect their value. Black opal from Australia is more ... Read More...
Alrosa Upbeat, Despite Tariffs and Lab Growns
December 14, 25Alrosa CEO Pavel Maryinchev gave a remarkably upbeat assessment of the natural diamond market, telling the Times of India (TOI) that the industry is adapting well to US tariffs and that the threat from synthetic diamonds is diminishing. Maryinchev.... 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...