News

News

US Jewelry Businesses Continue to Shrink
There was a further reduction in the size of the American jewelry business in the first quarter of this year, according to figures from the Jewelers Board of Trade (JBT). with a 4% since a year ago.
Significant Drop in Belgium's Polished Exports

Belgian exports of polished diamonds fell 7% in March, the Antwerp World Diamond Centre (AWDC) reported.  The country's polished diamond exports fell on the year to $1.09 billion and in volume terms were down 13% to 423,764 carats.


33 Ct Diamond Necklace Highlight of Sotheby’s New York Sale

Sotheby’s is to offer a 33.25-carat, D-flawless diamond pendant necklace with a high-end pre-sale estimate of $5 million at its Magnificent Jewels spring sale in New York next week.


Indians Sentenced for Attempted Theft of Sarine’s Intellectual Property
Israeli diamond and gemstone industry tech firm Sarine Technologies Ltd said two Indians who had tried to steal some of the company’s intellectual property last summer were convicted at the end of a court case that took place in Tel Aviv.
No Winner in ALROSA Competition For Resuming Mining At Mir
Russian diamond mining giant ALROSA has announced the results of the competition for proposals for the restart of mining at the Mir mine.
GDX: POLISHED DIAMONDS PRICES DECLINE IN MARCH
GDX: Polished diamond prices declined in March in the Israeli diamond center, softening by 0.8%
Crimes Against U.S. Jewelry Firms Rose 12% In 2017, Says Industry Group

The Jewelers’ Security Alliance (JSA) reports that crimes against jewelry companies in the United States rose by 12% to 1,394 in 2017 from 1,245 in 2016.

ALROSA Launches Commercial Device For Identification Of Natural And Synthetic Polished Diamonds
Determined not to be outdone by its major rival De Beers and global labs such as the GIA, Russian mining giant ALROSA is launching its first commercial device for the identification of natural and synthetic polished diamonds.
New Year Jewelry Sales Make Strong Start in US
There was again a significant rise in sales of fine jewelry and fine watches in the United States in January which is the last month for which figures are available.
US Polished Diamonds Increase in January

The United States reported a slight increase in polished diamond imports in January – rising 3% to $1.81 billion, according to official figures.


Signet are closing stores, focus to go over to James Allen
Signet Jewelers Limited expects to close more than 200 of its more than 3,000 stores after carrying out a review of its real estate and cost structure as it aims to drive greater store productivity.
GDX: POLISHED DIAMOND PRICES SOFTEN
The past week of wholesale polished diamond trading was marked by a price softening in Israel