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Market Comment: October 23, 2025

Daring heist at Paris’s Louvre shocks industry, with thieves stealing crown jewels worth estimated $102M.

Jewelry ‘Bright Spot’ for Kering Amid Overall Sales Slip

Segment, which includes Boucheron and Pomellato, saw double-digit increases in third quarter.

Top Brass Out as Bonhams Finds New Owner

After nearly three years on market, auction house sells to Pemberton Asset Management.

Lesotho’s Kao Mine Faces Closure Amid Global Diamond Crisis

Storm Mountain Diamonds is requesting tax breaks and royalty relief from the local government.

Michael Hill Notes Slight Sales Rise in Key Markets

Same-store revenue up in Australia and Canada.

TAGS Refutes ‘False’ Media Reports Following Zimbabwe Appointment

Articles tagged tender house as “financially unstable” after country chose it to market its rough.

China Removes Diamond Sector’s Tax Discount

VAT decision could damage natural market and promote local lab-grown polishing.

Luk Fook to Expand Internationally, Even as China Begins Recovery

Hong Kong jeweler launches in Vietnam and plans to open another 20 overseas branches by year’s end.

Video Podcast: Back to the (Diamond) Origins

Sean Dunn, vice president of J.R. Dunn Jewelers, plays up the power of provenance.

US Plunge Outweighs Gains for Swiss Watch Exports

Shipments down 3.1% year on year in September.

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