Gem Diamonds: 202Ct, D Color Type IIa Diamond Found At Letseng Mine

Gem Diamonds Ltd has discovered a high-quality 202 carat, D color Type IIa diamond at the Letšeng mine in Lesotho.

It is the seventh diamond weighing more than 100 carats to be recovered so far this year from Letšeng, the highest dollar per carat kimberlite diamond mine in the world, Gem Diamonds said.

Mark Boston, Former H. Goldie & Co CEO, Passes Away

Former CEO of diamond brokers H. Goldie & Co., Mark Boston, has passed away in London at the age of 71 after fighting cancer for 11 years.

His daughter Rachel said that her father decided to stop treatment last month.

Amazon Gobbling Up More US Online Sales

E-commerce sales by Amazon are forecast to grow by about 30 percent to almost $200 billion dollars this year in the United States.

That would give the giant about 43 percent of total e-sales, said retail research firm eMarketer.

Tiffany Opening NY Pop-Up Stores To Give Holiday Sales Some Sparkle

Tiffany & Co. is aiming to increase sales by opening of two tourist-oriented pop-up stores in Manhattan.

The move likely comes as a response declining same-store sales.

Exelco-KBC Bank Bankruptcy Case 'A Mess', Says US Judge

The Chapter 11 bankruptcy protection case of Belgian trader Exelco NV is “a mess”, said U.S. Bankruptcy Judge Kevin Gross who instructed Exelco and its main creditor, KBC Bank NV, to iron out the complex disputes before he attempts to resolve them.

WFDB Celebrates 70th Anniversary, Holds Finance Seminar/ExCo Meeting

The WFDB Executive Committee, together with officials from the Belgian diamond industry, have held a joint celebration of the organisation's 70th anniversary in Antwerp, as well as taking part in a finance seminar and marking the 570th anniversary of the city's diamond history.

Israel's Yoram Dvash Re-elected as President for Second Term

The Israel Diamond Exchange (IDE) President Yoram Dvash has been re-elected unopposed and will serve a second term.

Unlike his first term, which was for two years, this term will last for three years, following a change to the exchange's law and regulations earlier this year.

Jewelers of America Joins Sales Tax Fairness Petition to US Supreme Court

Jewelers of America (JA) said it has joined a group of 10 retail trade associations that have filed an amicus brief to the United States Supreme Court in support of South Dakota’s petition to the court to re-consider the Quill decision from 1992.

That decision established the current system under which states are prohibited from collecting sales and use taxes from sellers that do not have a physical presence in-state, leading to the current uneven playing field between traditional and online sellers.