Consumers spent $11.8 billion online on Black Friday, reaching a new sales high for the day and beating Adobe’s initial forecast. Sales grew 9% year on year on November 28, greater than the 8% rise to ...

Petra Diamonds has appointed Vivek Gadodia and Juan Kemp as joint CEOs following the company’s annual general meeting on November 27. Gadodia and Kemp, who became joint interim CEOs in February, will ...

Hong Kong-based jeweler Luk Fook plans to open 50 stores in at least three new countries between 2026 and 2028, following strong sales in the first fiscal half. Group revenue rose 26% year on year to ...

The jewelry sector saw a strong showing on Black Friday, making it one of the top categories in the US this holiday season, with a 2.8% rise year on year, according to Mastercard SpendingPulse. Online ...

Botswana’s minerals and energy minister visited the Antwerp World Diamond Centre (AWDC) this week to thank 18 of its member companies for providing the African country with humanitarian aid. After ...

The African Diamond Producers Association (ADPA) has identified the six Kimberley Process (KP) members that vetoed the proposed new conflict-diamond definition last week. The participants at the KP ...

The Kimberley Process (KP) failed to reach a consensus on broadening the definition of conflict diamonds at last week’s plenary in Dubai, according to industry organizations. “While not unexpected, it ...

The tariff cut that the US recently agreed to apply to imports from Switzerland could take effect as soon as December. The Trump administration has said it could take between 10 and 12 days to ...

The 9.51-carat Mellon Blue fetched CHF 20.5 million ($25.6 million) at Christie’s Magnificent Jewels in Geneva on Tuesday — some 20% less than the last time the diamond went under the hammer in 2014.

The Antwerp World Diamond Centre (AWDC) has introduced a digital customer-screening tool diamantaires can use to prevent money-laundering. Know Your Customer Portal (KYCP) is intended to identify ...

The International Gemological Institute (IGI) has tapped Jeffrey Bennett as president for its North American division. Bennett has previously held leadership roles in flagship stores in the New York ...

The Gemological Institute of America (GIA) has presented Susan Jacques with the Richard T. Liddicoat award. The institute gave Jacques its highest honor, the Distinguished Achievement Award, at the ...