Headlines

Leo Schachter: Rosy Blue to Become a Minority Investor

Rosy Blue has become a minority investor in Leo Schachter, the firm said.

The transaction is expected to close soon, and will mark a culmination of over 30 years of a trading relationship built between the two groups, the Leo Schachter firm said in a statement.

Organizers of Bharat Diamond Week Gearing up for Show

Organizers of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India, are gearing up for the inaugural show which takes place from April 23-25. And ahead of the international diamond week, preparations are in full swing for a cricket tournament that will be taking place from April 8-15, in the run-up to the Bharat Diamond Week.

Registration Opens For 10th Antwerp Rough Diamond Days Event

The 10th Antwerp Rough Diamond Days event will take place on May 16-17.

The show takes place in Antwerp's Diamant Kring, the rough diamond bourse.

Israel Diamond Exchange's Eli Avidar Leaving Diamonds For Politics

Eli Avidar, the CEO of the Israel Diamond Exchange for the past two years, will be leaving the position and intends to become a member of Israel's parliament, the Knesset.

Avidar, who is 53-years-old, also served as the CEO of the Israel Diamond Institute, from which he recently resigned.

GIA's Tom Moses To Speak At CARAT+Show In Antwerp

GIA Executive Vice President and Chief Laboratory and Research Officer Tom Moses will speak at a GIA GemFest during the May 6 to 8 CARAT+ show in Antwerp, the organizers said.

Moses will speak at the GIA GemFest on a current gemological topic.

Bharat Diamond Week to Benefit From New Direct Flights From Israel

A new direct flight between Israel and India will boost the first edition of the Bharat Diamond Week at the Bharat Diamond Bourse (BDB) in Mumbai, India. The BDB is expecting thousands of visitors from India and abroad to take part in the April 23-25 international diamond week. Some 150 Indian companies will be exhibiting polished diamonds to buyers from across the world at the show which the BDB plans to hold twice a year.

Tiffany & Co. Reports Worldwide Net Sales Up 4% To $4.2 Billion

Tiffany & Co. posted a global net sales increase of 4% to $4.2 billion in its financial year ended January 31, 2018.

The results reflected sales growth in most regions and across most jewelry categories; comparable store sales were equal to the prior year and were consistent with guidance previously issued.

Crimes Against U.S. Jewelry Fms Up 12% In 2017 - Jewelers’ Security Alliance

The Jewelers’ Security Alliance (JSA) said the total number of crimes committed against U.S. jewelry firms jumped by 12% to 1,394 in 2017 from 1,245 in 2016, according to the JSA's Annual Crime Report for 2017.

The total dollar losses from crimes committed against U.S. jewelry firms decreased by 0.4%, however, to $72.1 million in 2017 from $72.4 million in 2016.