$1.2m Faberge Egg Reveals 5ct Ruby
Gemfields has showcased its latest Faberge egg, an intricately crafted $1.2m creation which opens to reveal a square five-carat ruby, set in a removable rose gold filigree-like sphere.
It has been named Malaika, the word...
Diavik, the Solar-Powered Diamond Mine
Rio Tinto has installed Canada's largest off-grid solar power plant at its Diavik diamond mine on the edge of Arctic Circle.
It will provide up to a quarter of the electricity needed for production until...
IDEX Polished Price Index: Biggest Monthly Drop of 2024
The IDEX Polished Price Index fell by 2.00 per cent in June, its biggest and bumpiest drop this year, and its steepest monthly decline since last September (3.07 per cent). It's also almost double...
Eighth +100-cts Diamond at Letseng
Gem Diamonds has recovered its eighth +100-cts diamond so far this year from its Letseng mine, in Lesotho.
It's a reversal of fortunes for the UK-based company, that recovered just five +100-cts during the whole...
Growth in US Watch and Jewelry Sales Slows in May
The growth in watch and jewelry sales in the US slowed again in May, for the third consecutive month, according to the latest year-on-year estimates by the US Department of Commerce.
Sales are still increasing...
GJEPC’s Role Highlighted in India’s Successful FATF Review Chaired by Hon’ble FM
The GJEPC’s significant contributions were lauded at a get-together organised by the Revenue Department on 29th June, marking the successful review of India’s Financial Action Task Force (FATF) preparedness, awareness, and implementation chaired by...
Bride Calls off Wedding over Lab Grown Ring
A bride-to-be called the wedding off after learning that her "$50,000 diamond ring" was a lab grown.
Her sister, who is a jeweler, cleaned and polished the ring for her as a favor and noticed...
Sanctioned Alrosa Buys a Gold Mine
Sanctioned Russian diamond miner Alrosa has concluded the purchase of a gold mine in the far east of the country and will invest $276m developing it.
The move comes seven months after the G7 and...
14-ct Emerald Smashes Christie’s Estimate
A 14.033-carat Colombian emerald sold for more than twice its high estimate as highlight of an online sale by Christie's Paris.
The octagonal, step cut gem, described as green of medium strong saturation with minor...
India’s Gem and Jewelry Industries Seeks Government Help
The Indian government is being urged to adopt a raft of measures to benefit its gem and jewelry industry, which has been badly hit by a global downturn in demand.
The GJEPC (Gem and Jewellery...
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