Luk Fook Sales Decline Slows Amid Move to Minimize Diamond Offerings 

Third-quarter revenue down 6% year on year, an improvement from first half.

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.

FBI Arrests Four Connected to Kidnapping, Robbery Plot Against Florida Jeweler 

Group wanted to extort $2 million in cryptocurrency from business owner.

US Holiday Spending Beats Forecast to Yield Record Result 

Figure up 4% to $994.1 billion, comparable with pre-pandemic levels, according to NRF.

Rio Tinto Output Surges as New Portion of Mine Moves Underground 

Production also ramped up after area reopened from sinkage-related closure.

US Jewelry-Store Closure Rate Increases in 2024 

A total of 720 businesses shuttered, up 15% from 628 the previous year.

Jewelry Boosts Richemont to Highest Quarterly Sales 

Category up 14% year on year for three months that ended December 31.

GIA Chief Susan Jacques to Step Down

CEO will exit after 11 years in role and 29 on institute’s board of governors.

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.

International Investor Buys Up Star Diamond Stock 

Shareholder may also provide funding for miner to move forward with Fort à la Corne diamond project.

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