Couples spent an average of $2,500 to $5,000 on their engagement rings in 2024, making it the third-most-expensive item they own, behind their home and car, according to a Jewelers Mutual survey.

De Beers reduced rough prices this week, providing customers with the potential for greater profitability. But there are deeper concerns about the sightholder system. The company is trying to address ...

If there was one session at last week’s Facets 2024 conference that summed up the focus and atmosphere of the event, it was the panel on “Unlocking the Value of Natural Diamonds.” Five participants ...

A manufacturing supervisor at a luxury jewelry company was sentenced for stealing more than $1.7 million in gold, silver and platinum from his employer. US District Court Judge Angel Kelley ordered ...

Watches of Switzerland (WOS) saw its sales increase in the first fiscal half amid the addition of the Roberto Coin brand to its jewelry stable and improved consumer sentiment for luxury brands.

Understanding the mine-to-market journey is critical for clients who want to feel confident that their jewelry materials have been responsibly sourced, says Anna Bario, cofounder of Bario Neal. The ...

Sales at Signet Jewelers declined in the third fiscal quarter amid uncertain consumer demand and a slow engagement recovery, prompting a conservative outlook for the holiday season. Revenue dropped 3% ...

Alrosa has reduced prices of rough diamonds at this month’s trading session in the wake of similar discounts by De Beers, market insiders told Rapaport News. The Russian miner’s cuts averaged around ...

Lucara Diamond Corp. has issued a strong full-year revenue and production forecast as it moves to mining the majority of its ore from the higher-value portions of the Karowe deposit in Botswana. The ...

A yellow-diamond ring will be the star of Heritage Auctions’ upcoming Holiday Fine Jewelry Signature sale, where it is set to fetch up to $200,000. The ring features a rectangular brilliant-cut, 10.03 ...

Rio Tinto sold 76 polished colored diamonds from its Argyle and Diavik mines through its second Beyond Rare tender, noting strong bidding from global participants. The collection, called Colour ...

A total of 197 million consumers shopped during the Thanksgiving holiday weekend, over 13 million more than the National Retail Federation (NRF) predicted. The figure is also the second-highest number ...