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Jean-Christophe Babin headshot

LVMH Watches Appoints Jean-Christophe Babin as CEO 

He succeeds Frédéric Arnault, who has moved to the top position at the company’s luxury fashion brand Loro Piana.
Mountain Province's Gahcho Kué mine image

Mountain Province Struggle Continues as Loss Nearly Doubles in 2024 

Revenue down 19% to $267.7 million as rough prices slide.
10-carat diamond ring at Phillips image

Phillips Rakes In over $6M from Hong Kong Auction 

Top seller was a 10-carat diamond ring that fetched $591,330.
De Beers sight case image

Anglo American in Talks with Banks Regarding De Beers IPO – Report 

Parent company has been looking to divest diamond miner amid restructuring.
Polished diamonds image

India Diamond Trade Gears Up for Possible US Tariffs 

GJEPC warns of impact on jobs in critical export industry.
Chow Sang Sang store in Hong Kong image

Chow Sang Sang Closes Stores Amid Market Challenges 

Low diamond demand and high price of gold led to 15% decline in 2024 sales.
Nicole Fein, Robyn Fields, Laurie Watt and Jacqueline Cassaway images

Women’s Jewelry Association Names New Board of Directors

Nicole Fein, Robyn Fields, Laurie Watt and Jacqueline Cassaway join in 2025.
18.72-carat brownish-pink diamond ring at Christie's image

18ct. Pink Diamond Gets $500K Price Tag at Christie’s 

Piece will lead Jewels Online sale.
Miner inspecting Petra's Finsch diamond mine image

Petra Refutes Union Claim of Mass Layoffs 

Miner will dismiss only 84 workers, not the 468 that South African labor association alleged.
8.79-carat diamond ring at Christie's image

Christie’s Brings In over $3M from Hong Kong Jewelry Sale 

Ring with 8.79-carat diamond was top seller, fetching more than $324,000.

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US Tariffs Webinar Registration

14.14-carat yellow diamond at Heritage Auctions image

14ct. Yellow Diamond to Lead Heritage Auction 

Piece carries estimate of up to $400,000 at May 5 sale.
Alrosa's new Sun diamond image

Alrosa Debuts Polished from Russia’s Largest Colored Diamond 

Fancy-vivid-yellow stone, called New Sun, is over 100 carats after manufacturing.
GIA lab offices in New York image

GIA Declines Items from Abroad That Require Shipping to US

Clients that send goods to American labs are responsible for paying any tariffs, institute says.

US Tariffs Resource Center

RAPAPORT TRADE ALERT: April 4, 2025

At this time, do not export diamonds, gems or jewelry out of the US. They are probably worth more in the US.
2.97-carat pink diamond ring at Christie's image

Christie’s Garners over $10M in New York Auction 

Ring with 2.97-carat, fancy-purplish-pink diamond is top seller.
Diamond engagement ring image

Jewelers Mutual Acquires Australian Insurance Company 

Purchase of Jewellers Loop marks US provider’s first international expansion.

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