US Jewelry Trade Shrinking at Faster Rate
The number of active US jewelry companies continued to decline in the second quarter, according to the latest data from the Jewelers Board of Trade (JBT).
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The gold, diamond, and ruby ring that Tupac Shakur wore days before his death sold at auction for over $1 million
Tupac Shakur’s custom crown-shaped ring
Michael Hill Plans to Expand Bevilles Throughout Australia
Michael Hill expects to open new Bevilles stores across Australia following its acquisition of the jeweler, with some locations to launch before the holidays.
The world’s largest office building is filled with diamonds
A new office building in India’s diamond city Surat in Gujarat, where 90% of the world’s diamonds are manufactured has surpassed the Pentagon as the largest structure of the kind. Built over 7.1 million square feet of floor space, the Surat Diamond Bourse (SDB) has a big leg up on the 6.5 million square feet … Read more
Petra’s Sales Slide Amid Large-Stone Scarcity
Petra Diamonds’ sales dropped 44% for the full fiscal year
Synthetic Diamond Market to Rise USD 16.4 Billion in 2023 to USD 29.9 Billion by 2032
Synthetic Diamond Market to Rise USD 16.4 Billion in 2023
Watches of Switzerland Annual Revenue Hits Record
Watches of Switzerland’s group revenue soared 25% for the full fiscal year as it expanded its store network and demand for luxury timepieces rose. The UK-based retailer achieved sales of GBP 1.54 billion ($2.02 billion) for the 52 weeks that ended April 30, the company said last week. That amount is a record for the … Read more
30ct. Pink Diamond Garners Record Sum for Tender House
29.52-carat pink diamond went for more than $8 million
World’s most expensive iPhone
iPhone 14 Pro Max, encrusted with a Graff snowflake necklace pendant
De Beers Reduces Prices at Second Consecutive Sight
De Beers has sharply decreased its prices for select larger rough diamonds