Headlines

Diamonds and Gemstones Beat Pre-Sale Estimates At Bonhams New York Sale

The top performing lot during Bonhams December Fine Jewelry sale was a diamond ring which sold for $828,500 compared with its pre-sale estimate of $400,000-$600,000.

Coming from a private collection, it was the first time the 18.04-carat emerald-cut diamond had come to auction.

Judge Orders Signet to Face Securities-Fraud Lawsuit Filed By Shareholders

A federal judge in New York has ordered that Signet Jewelers Ltd. face a securities-fraud lawsuit filed by shareholders alleging the company misled them about the performance of its credit portfolio and allegations of sexual discrimination.

GJEPC Holds First India Jewellery Buyer-Seller Meet In Kolkata

Buyers from Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA visited to look for India jewelry sources.

The Gem and Jewellery Export Promotion Council (GJEPC) organized a two-day India Jewellery Buyer-Seller Meet on December 4 and 5 in Kolkata for leading jewelers from participating countries such as Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA.

First ‘Diamonds Do Good Video’ Receives 11M Millennial Impressions

The short movie is the first of the Diamond Empowerment Fund’s new ‘diamonds do good’ video series.

‘Conservation’, the first video in the Diamond Empowerment Fund (D.E.F)’s new Real Stories, Real Diamonds, Real Impact campaign targeting Millennials, has garnered 11 million impressions in the first month alone, the organization said.

Zimbabwe Govt Approves Two New Companies To Mine Diamonds

Zimbabwe is to allow two additional private firms to explore and mine for diamonds, according to Mines Minister Winston Chitando.

There are currently two firms operating in the sector. He did not name the new companies.

   Christie’s Sells Bulgari Fancy Vivid Blue Diamond For $18M At New York Auction

A ring made by Bulgari and set with fancy vivid blue diamond weighing 8.08 carats was sold for $18,312,500 at Christie’s New York Magnificent Jewels auction.

The auction generated sales of $69,225,750, with 95% of items sold by value and 83% by lot. Christie’s said the blue diamond was among the finest such stones ever to have come to market.

De Beers Sale Again Below $500M Sales at Latest Sight

De Beers sold rough diamonds with a provisional value of $440 million in the ninth sales cycle (Global Sightholder Sales and Auction Sales) of 2018.

Buyers from More Than 20 Countries Attend VOD Dubai International Jewellery Show

VOD Dubai International Jewellery Show (VOD DIJS), organized by DV Global Link, a joint-venture company between Dubai World Trade Centre (DWTC) and the Italian Exhibition Group (IEG), hosted local, regional and international exhibitors from 21 countries, showcasing over 25,000 jewelry pieces and holding valuable trade and consumer lifestyle events.