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Gareth Penny and Bruce Cleaver headshots

Reports: Indian Billionaire, Former CEOs Among Buyers Eyeing De Beers 

Ex-chiefs Gareth Penny and Bruce Cleaver looking to snap up miner, according to Reuters and Bloomberg.
Opening of the JCK Las Vegas show image

Las Vegas Shows Signal Cautious Diamond and Jewelry Markets 

Opening days at Luxury reflect steady high-end consumer demand, but sentiment at JCK fair is mixed.
36-carat ruby from Gemfields image

36ct. Ruby to Star in Gemfields Auction 

Sale will include goods from newer section of its Mozambique mine.
Rough diamonds on display image

Digital Diamond Platform to Expand Leadership  

Clara, which Lucara previously owned, has increased its transaction volume by 300% under the new management.
Three-strand pearl necklace at Christie's image

Jewels from Top Design Houses to Lead Christie’s Paris Sale

A three-row pearl Chaumet necklace carries a high estimate of $670,000.
Helzberg Diamonds store in Orlando image

Helzberg Diamonds Hit with Class Action for ‘Fake’ Discounting 

Plaintiff argues that consumers would not have purchased items if they’d known that markdowns had no time limit.
Ruby and diamond ring at Sotheby's image

Two-Stone Ring More Than Doubles Estimate at Sotheby’s  

Piece sells for $515,000 against a $243,000 upper price.
Zales store storefront image

Signet Sales Increase Amid Strategic Revamp 

Merchandise shakeup and brand focus boosted revenue in first fiscal quarter, CEO says.
Mong Kok shopping district in Hong Kong image

Hong Kong Luxury Sales Show Slight Improvement 

Revenue from jewelry and watches down 1.7% year on year in April after dropping 3.4% in March.
Lab-grown diamond image

GIA Migrates Lab-Grown Terminology Away from That of Natural 

New description will no longer use color and clarity nomenclature.

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