Graff has unveiled a high jewelry suite – a necklace, bracelet, and earrings – crafted from 7,790 diamonds, with a total weight of 129 carats.
It is called 1963 and went on display last week at Paris Haute Couture Week.
It is described as a “bold tribute to the decade in which the House of Graff was founded” (although Graff’s own website says it was actually founded in 1960).
The pieces showcase concentric oval patterns of oval, baguette, and round stones, recalling the psychedelic art and fashion of the decade.
“This is one of the most intricate and technically challenging high jewellery suites we have ever created, embodying our pursuit of absolute beauty and perfection,” said Francois Graff, CEO of Graff Diamonds and son of Laurence (now retired, aged 87).
Alrosa has started operations at additional kimberlite pipe at its Lomonosov deposit, one of the largest diamond mines in Russia.
The state-run miner said on Tuesday (8 July) that the Karpinsky-2 pipe, one of six at Lomonosov, held more than 40m tonnes of diamond bearing ore.
Its subsidiary, Severalmaz, already mines two other pipes at the site in Arkhangelsk, northwestern Russia – Arkhangelskaya and Karpinsky-1 – and is now mining Karpinsky-2.
Alrosa, currently sanctioned by the G7 nations, said in March that it was suspending production at four low-margin mines – Zapolyarny, Magnitny, Khara-Mas and Ochuos – because of a “deep crisis” in the industry.
It is also selling a large proportion of its output to Gokhran, the state repository of precious metals and gemstones.
Gokhran has historically functioned as a buffer, stockpiling diamonds during market downturns and selling them back when demand recovers, for example, during the 2009 financial crisis.
A Namibian member of parliament has criticized security arrangements made at Namib Desert Diamonds (Namdia), following a $17m armed raid in January.
Job Amupanda claims the state-owned diamond marketing company subsequently appointed an unqualified security consultant, and hired his son to install a new security system.
Namdia said in a statement that it had “taken note of recent social media posts containing unsubstantiated allegations,” but did not categorically deny all claims.
Amupanda, an opposition MP known for actively challenging state-owned enterprises, is also asking why Namdia’s was using Neldan, an Angola-based security company, at the time of the raid.
And he has voiced doubts over the adequacy of Namdia’s security upgrades after the heist.
In a post on X (formerly Twitter) that has been viewed 25,000 times, he said Namdia “brought in a guy as a security consultant, who doesn’t have any qualifications and without following procurement procedures.
“He also doesn’t have a job description. He had his son install a security system.”
Aside from Amupanda’s criticisms, the police warned Namdia of a possible imminent heist before it happened, and advised the company to be vigilant and upgrade security.
Francis “Gosh” Eiseb, aged 57, a senior security supervisor at Namdia, was killed during the heist.
Six suspects, three from the same family – George, Charmaine and Bino Cloete – have since been arrested in connection with the raid.
A relative of the Cloetes – a security guard believed to have taken the diamonds at the scene – remains at large.
Namdia’s CEO, chief operations officer, and security manager remain suspended pending the outcome of an investigation.
In a media statement Namdia said it had implemented critical security upgrades, but said it couldn’t provide details.
It accepted, as Amupanda claimed, that it bypassed procurement procedures, but said it was allowed to do in critical situations.
Namdia also said it had appointed a new security consultant, but gave no details of his qualifications or suitability.
“Prior to this appointment, security services had been provided by Neldan, a Namibian-registered company with operations in several countries, including Angola,” it said. “That contract, however, had come to its natural conclusion.”
India today appeared to be edging towards a last-minute “mini trade deal” that could see the US back down on its proposed 27 per cent reciprocal tariffs.
President Donald Trump said earlier today on Tuesday said that the US was was “close to making a deal with India,” with just hours left before the deadline at 12.01am EST on Wednesday 9 July.
Such a deal would come as a huge relief for the country’s diamond industry, which has been largely paralyzed by three months of uncertainty since President Donald Trump made his “Liberation Day” speech on 2 April.
A deal between the two countries would be limited in scope, according to reports, but would likely cover diamonds.
It could include a partial rollback of reciprocal tariffs imposed by the US earlier this year, but the 10 per cent baseline tariff on most goods is expected to remain.
If no deal is reached, the tariffs will automatically take effect from 1 August.
So far only the UK and Vietnam have managed to reach a full deal – and China a partial deal – ahead of the 9 July deadline.
The Carats 2025 trade show is switching to a smaller venue amid the ongoing diamond industry downturn.
The three-day B2B event, organized by the Surat Diamond Association (SDA), will take place at Avadh Utopia lifestyle club and hotel, in Surat, rather than the 1.5m sq ft Surat International Exhibition and Convention Centre (SIECC) where it has been held previously.
Only 73 exhibitors have registered for the event, which opens on 11 July, according to Times of India, compared to 118 last year.
Organizers said the move was in response to participants’ preferences, rather than lower exhibitor numbers. Many diamond manufacturers expressed a preference for a venue with hotel facilities.
SDA says in an Instagram post that it’s expecting over 7,000 visitors and over 200 buyers. In 2024 it reported 10,000 visitors.
“This milestone attendance underscores the exhibition’s position as a leading platform for showcasing innovation and excellence in diamond industry,” said SDA Jagdishbhai Khunt at the time.
Spending on luxury jewelry in May was up by 10.1 per cent, according to Citigroup.
The figure is strikingly at odds with the US Department of Commerce, which puts the year-to-year figure for May at just 2.9 per cent.
Citi, the third biggest bank in the US, bases its analysis of its 10m-plus US credit card holders. The Department of Commerce uses its own estimates, then revises its figures based on actual through-the-till transactions.
Citi also says luxury watch spending increased by 14.7 per cent. The Department of Commerce put the figure at 2.4 per cent.
Citi said the overall spend on luxury goods was weak but recovering in May, down 1.7 per cent year over year, compared with a 6.8 per cent decline in April and 8.5 per cent in March.
Luxury jewelry has consistently outperformed other luxury segments, such as handbags and apparel, since September 2024, according to the Citi data.
Jewelry was the only category to see both an increase in average spend per customer and a rise in the number of individual customers in May 2025.
Consumers are increasingly choosing jewelry over handbags and other luxury goods, which have seen less innovation and sharper price hikes.
ir David Beckham has one of the most recognizable wrists in the world. With tattoos reaching down to his fingers, it’s impossible to mistake his wrist for anyone else’s (even when he “accidentally” leaks an off-catalog Rolex). But not only was Beckham sporting something new and special at Wimbledon this weekend, he was doing so on a different wrist than usual—and he was more than happy to show it off.
David Beckham’s Unique Diamond-Set Tudor Chronograph at Wimbledon
First spotted in a reel posted by Adrian Barker of Bark and Jack, David Beckham has a new gift from Tudor to celebrate his 50th birthday—a unique Black Bay Chrono with a black lacquer dial, diamond indices, and case, bezel, and bracelet set with round diamonds. The legendary footballer has been a global brand ambassador for Tudor since 2017 and has show a lot of love for the brand, and it’s big sibling brand Rolex over the years, but its not often that we see unique watches out of “the Crown” or “the Shield” (though contrary to popular belief, they do exist) which makes this celebrity watch spotting historically noteworthy.
Barker was kind enough to send a few photos from his brief interaction with Beckham, and with them, we can pick out several interesting details about the one-of-a-kind piece. First, the black lacquer dial has been completely stripped of printing aside from the Tudor logo, “Tudor Genève,” and “Swiss Made” at the bottom. There is no minute track, and the subdials have also been stripped of numerals, resulting in a plain white reverse panda dial with small and long hash marks.
The bezel stands out with an unconventional design rarely seen on watches. The channel-setting of the round diamonds is done in pairs, with two rows of diamonds going all the way around. That, combined with the round diamond hour markers on sterilized black lacquer, gives a distinctly vintage feel that is more pronounced than you would get with a baguette-set diamond bezel. The lugs are set, as are the center links of the five-link bracelet.
There’s also rumor that the watch has two birthday candles in place of the number ”2” on the date wheel, for his birthday of May 2. The watch is cased in stainless steel and Beckham seems to be enjoying his new Tudor, even if he has to wear it on his left wrist for now. His right wrist (which he usually wears his watches on) is out of commission for a little bit as he recovers from surgery on a decades-old injury. Hoping he can recover quickly to wear his new watch in good health.
Lead photo credit Getty Images and Adrian Barker/Bark and Jack.
A collaboration by Pandora, the world’s biggest jewelry brand, and the e-commerce platform Amazon, has smashed a sophisticated counterfeiting network in China and led to the jailing of two crime bosses.
It also led to the seizure of thousands of fake Pandora jewelry items in a raid by Chinese law enforcement.
Pandora began investigating the source of counterfeit jewelry from China in 2020 after a series of customs seizures.
“It worked with counterfeit crimes unit at Amazon to identify two sellers operating a large-scale counterfeit network.
The probe led to the arrest and conviction of two people in March of this year. They were jailed for a combined total of five years and fined by a court in Shanghai for selling counterfeit items in several European countries.
Pandora, the Danish jeweler best known for its charm bracelets, said it was “committed to protecting our brand from the threat of counterfeit products”.
Peter Ring, senior vice president and general counsel at Pandora, said: “By combining our global brand protection expertise with Amazon’s investigative capabilities, we supported local law enforcement in dismantling a sophisticated criminal network.
“This case marks an important step forward in our ongoing efforts to safeguard the integrity of our brand and the quality our customers expect and trust us to deliver.”
Kebharu Smith, director of Amazon’s counterfeit crimes unit, said: “Counterfeiting is one of the oldest crimes in history, and we’re tackling it with our cutting-edge proactive tools and technology.
“Our collaboration with Pandora successfully dismantled a ring of bad actors, removing counterfeits from the broader supply chain.”
Amazon founder Jeff Bezos gave his new bride a pink 30-carat diamond engagement ring, valued at up to $5m.
He wed Lauren Sanchez in Venice, in a lavish three-day extravaganza (27 to 29 June) that reportedly cost $50m.
Bezos, worth an estimated $244bn, gave the ring to Sanchez, a journalist, philanthropist and helicopter pilot, when he proposed on his superyacht, Koru, two years ago.
The diamond, a cushion-cut pink diamond estimated to be about 30 carats, is set on a platinum band, secured by four prongs, with small stones set into the band and two pave halos. It was reportedly designed by US celebrity jeweler Lorraine Schwartz.
Experts put its value at $3m to $5m, depending on the exact specifications.
Sanchez reportedly wore an even larger white diamond at the wedding.
Bezos, aged 61, and Sanchez, 55, were both marrying for the second time.
Twin models and aristocrats Lady Amelia and Lady Eliza Spencer, nieces of the late Princess Diana, brought dazzling sophistication to Tiffany & Co.’s exclusive Blue Book High Jewellery Collection showcase, held atop The Harrods Helideck. The glamorous event marked one of London’s most prestigious evenings on the fine jewellery calendar, attended by fashion royalty and social elites alike.
The Spencer sisters, daughters of Earl Spencer, embodied modern British elegance as they arrived in bespoke Jenny Packham gowns paired with more than 150 carats of Tiffany & Co.’s finest high jewellery pieces—masterworks of exceptional diamond craftsmanship.
High Jewellery Spotlight: Eliza Spencer captivated in a silver mirror-embellished gown, perfectly complemented by the Ocean Flora necklace—an intricate platinum masterpiece featuring five unenhanced emeralds totalling over 10 carats, and a staggering 1,351 round brilliant diamonds totalling more than 44 carats. According to Tiffany & Co., this single piece took over 1,500 hours of artisan craftsmanship to complete, a testament to the meticulous design and precision that defines high jewellery.
Amelia Spencer wore a striking strapless black and gold sequinned gown and adorned herself with the same Tiffany necklace that supermodel Miranda Kerr wore to the 2025 Met Gala. The piece—a platinum and 18k gold choker set with Akoya pearls and diamonds—features more than 50 carats of gemstones, reflecting Tiffany’s modern reinterpretation of timeless elegance. Her ensemble was completed with diamond cluster earrings and a compact Aspinal of London Micro Hat Box bag.
Red Carpet Elegance Continues: Just one day earlier, the Spencer twins turned heads at the Serpentine Gallery Summer Party, wearing custom crimson gowns by Anamika Khanna Couture and showcasing statement diamond pieces by legendary Swiss house, Chatila. The event came just days ahead of the 31st anniversary of Princess Diana’s iconic appearance at the same venue—an enduring moment in royal fashion history.
A Legacy of Diamonds and Royal Style: The Spencer twins continue to honour their family’s legacy with graceful nods to their late aunt’s legendary style, but they are carving their own path in the fashion and jewellery world. Their presence at Tiffany’s high jewellery presentation not only highlighted the next generation of aristocratic style icons, but also reaffirmed the role of exceptional diamonds in telling modern luxury stories.
— At DCLA, we celebrate the enduring art of fine diamond craftsmanship. For more on gemological excellence and rare diamond showcases, stay connected to DCLA News.
