Swatch Group says ending branded watches deal with Tiffany & Co

13 Sep, 2011

Swiss watchmaker Swatch Group said it is terminating a deal with American luxury jeweler Tiffany & Co that was supposed to see the maker of timepieces manufacture a line of branded watches for Tiffany. Swatch accused the New York-based jewelry... read more

Israel Diamond Institute to honor DTC's Varda Shine at Hong Kong show

12 Sep, 2011

The Israel Diamond Institute (IDI) is to honor Diamond Trading Company CEO Varda Shine at the September Hong Kong Jewellery & Gem Fair on September 19. Shine will be inducted into the IDI League of Honor by the institute's Chairman Moti... read more

Marange area diamond miners may finance installation of electricity line

12 Sep, 2011

Diamond mining companies operating in the Marange diamond areas in the east of Zimbabwe may band together to finance a dedicated power line to ensure a steady supply of electricity. The five companies would have to raise at least 60 percent of the... read more

Chivas Brothers creates $200,000 diamond-set bottle of whisky

11 Sep, 2011

Luxury Scotch whisky, the Royal Salute from Chivas Brothers, has launched a rare crafted whisky called Tribute To Honour. The whisky comes in a hand-crafted, diamond-set bottle, designed by Garrard, jeweler to the British Royal Family. It features ... read more

Sierra Leone records considerable increase in diamond exports in June, up 25 percent on month

11 Sep, 2011

The West African state of Sierra Leone posted a significant increase in diamond exports in June, rising to 41,880 carats from 33,450 carats in May – a rise of 25-percent. The country's central bank also reported that for the first half of this... read more

Antwerp diamond trade shocked by alleged $1 billion diamond tax scandal report

11 Sep, 2011

Shockwaves continue to reverberate around the Antwerp diamond community following the publication of an article that the authorities in Belgium are investigating a case that could be the country’s largest ever fraud. The newspaper De Tijd published ... read more

WFDB leader Avi Paz calls on diamantaires to be positive as holidays approach

9 Sep, 2011

World Federation of Diamond Bourses (WFDB) President Avi Paz is urging the diamond business to be in a positive state of mind before the holiday season and Hong Kong Jewellery and Gem Fair which kicks off next week. "By taking an optimistic stance,... read more

Valuation report finds Gitanjali Gems' nine major Indian brands worth $1.2 billion

8 Sep, 2011

Major Indian jewelry firm, Gitanjali Gems Ltd., commissioned a brand valuation which said the overall value of its nine major Indian brands is more than $1.2 billion. Its jewelry brands include Gitanjali, Gili, Nakshatra, Asmi, D’Damas, Gitanjali... read more

Russia's Alrosa reports sale of $3.15 billion of rough and polished diamonds in January-August

7 Sep, 2011

Russia's Alrosa says it sold rough and polished diamonds with a value of $3.15 billion in January-August this year. The mining giant is predicting total sales of $5 billion for all of this year, the company said in a statement. Alrosa said it had... read more

Scottish woman reports theft of $50,000 of jewelry as she traveled to restaurant

6 Sep, 2011

The danger of carrying valuables was illustrated when a woman in Scotland had around $50,000 of jewelry stolen. The woman found that a wallet containing the jewels had disappeared when she arrived at her venue in Scotland, although it is not clear... read more

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