Russian miner Alrosa has caught an employee allegedly exchanging low-value diamonds for more expensive ones, which, together with accomplices, she then sold to Armenian smugglers. Following an ...

The US Customs and Border Protection (CBP) seized five shipments carrying nearly 2,200 pieces of counterfeit jewelry valued at over $25 million. The first packages customs confiscated in Louisville, ...

The Gemological Institute of America (GIA) has appointed Pritesh Patel as its president and CEO, to succeed longtime chief Susan Jacques, who is retiring. Patel joined the institute in 2015 as chief ...

US retail sales fell in May compared to the previous month as consumers slowed down on stocking up ahead of tariffs. Revenue slid 0.9% month on month — adjusted for seasonal variation — to $715.4 ...

Botswana President Duma Boko had to try twice to inject some energy into a sleepy audience at the annual World Federation of Diamond Bourses (WFDB) gathering in New York. It was the morning after the ...

The Gemological Institute of America (GIA) recently discovered that a synthetic blue sapphire can change its color permanently when exposed to ultraviolet light. A customer brought in a 1.70-carat, ...

A yellow-diamond ring took center stage at a recent jewelry sale at Sotheby’s in New York, where it brought in $152,400. The ring, which bears a 4.20-carat, fancy-vivid-yellow, VVS2-clarity diamond ...

The 3.03-carat pink diamond ring that was expected to lead the recent Phillips New York jewelry sale failed to find a buyer. The ring, which features a radiant-cut, fancy-intense-pink diamond was ...

A necklace bearing diamonds and emeralds took the spotlight at a recent New York sale at Bonhams, raking in $597,000 against a $180,000 upper estimate. The piece is composed of approximately 116.50 ...

Gemfields garnered $31.7 million at its recent ruby sale, despite being the smallest mixed-quality auction to date. The company sold 87% of the lots on offer from its Montepuez mine between June 2 and ...

Group revenue at Chow Tai Fook fell 18% for the full fiscal year amid escalating gold prices and waning consumer demand for luxury goods. Sales declined to HKD 89.66 billion ($11.42 billion) for the ...

A Graff diamond ring was the top seller at a recent Sotheby’s jewelry sale in New York, where it brought in $3.2 million. The ring features an emerald-cut, 35.01-carat, D-color, VVS2-clarity, type IIa ...