Weak Asia Demand Stunts Swiss Watch Exports 

Shipments down 3.8% in November.

Alrosa Production Drops Nearly 5% in 2024 

Russian miner reduced output to 33 million carats amid sanctions, waning demand for rough, and low prices.

Chanel to Receive Jewelers of America GEM Award 

Organization will give luxury brand prize for High Jewelry Excellence.

Rapaport Magazine Delves into Estate Jewelry

December issue also explores live-stream retailing, Paraiba tourmalines, and copycat designs.

Tiffany Reclaims Historic Titanic Timepiece for Record-Breaking $2M 

Pocket watch is highest-valued piece of memorabilia from sunken boat.

Lucara Names 2,488ct. and 1,094ct. Rough Diamonds 

Larger stone is called Motswedi, Setswana for a water spring that gives life, while the other is Seriti, which means aura or presence.

US Retail Sales Rise in November Amid Strong Holiday Shopping 

Figure up 0.7% to $724.6 billion for the month.

Super Saturday Shopper Count Set to Surge 

National Retail Federation expects strong final weekend before Christmas.

Top Lots Go Unsold at Sotheby’s Hong Kong Jewelry Auction 

Blue-diamond ring valued at up to $6.4 million among a number of items that failed to find buyers at Important Jewels sale.

Burgundy Reports Increased Demand for Mid and Large Rough Categories 

Company garners $93 million from two sales in October and December.

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