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Retail
Luk Fook Sales Decline Slows Amid Move to Minimize Diamond Offerings
Third-quarter revenue down 6% year on year, an improvement from first half.
January 20, 2025
Leah Meirovich
Industry
Armed Robbers Kill Security Officer, Steal Diamonds at Namdia
Two suspects are still on the run, while one is in custody and another is dead.
January 20, 2025
Leah Meirovich
Legal
FBI Arrests Four Connected to Kidnapping, Robbery Plot Against Florida Jeweler
Group wanted to extort $2 million in cryptocurrency from business owner.
January 19, 2025
Leah Meirovich
Retail
US Holiday Spending Beats Forecast to Yield Record Result
Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.
January 19, 2025
Leah Meirovich
Mining
Rio Tinto Output Surges as New Portion of Mine Moves Underground
Production also ramped up after area reopened from sinkage-related closure.
January 16, 2025
Leah Meirovich
Retail
US Jewelry-Store Closure Rate Increases in 2024
A total of 720 businesses shuttered, up 15% from 628 the previous year.
January 16, 2025
Leah Meirovich
Retail
Jewelry Boosts Richemont to Highest Quarterly Sales
Category up 14% year on year for three months that ended December 31.
January 16, 2025
Leah Meirovich
Industry
GIA Chief Susan Jacques to Step Down
CEO will exit after 11 years in role and 29 on institute’s board of governors.
January 15, 2025
Leah Meirovich
Retail
Macy’s to Close 66 Stores Across the US
Many of the soon-to-be-shuttered shops are in California, New York, Florida and Texas.
January 12, 2025
Leah Meirovich
Mining
International Investor Buys Up Star Diamond Stock
Shareholder may also provide funding for miner to move forward with Fort à la Corne diamond project.
January 12, 2025
Leah Meirovich
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Featured
Russia Largest Rough Producer by Value in 2025 for Third Year
Country overtook Botswana in 2023.
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