Last updateTue, 16 May 2017 10pm

Other News

Kate and the riddle of the missing engagement ring

kate royal

Highlight of new souvenir jewellery collection is 'banned from sale' at Royal gift shop

It was expected to be the glittering centrepiece of a new collection of replica Royal jewellery going on sale to the public – a copy of the Duchess of Cambridge’s £1 million sapphire and diamond engagement ring.

But although the replicas have been manufactured, they have mysteriously vanished from the collection of souvenirs.

Royal sources believe that Kate herself may have banned their sale because the real ring has such deep personal significance for her and her husband, Prince William.

Progress in Brussels Diamond Heist as 19 to Face Trial

idexonline brussels

(IDEX Online News) – Nineteen people are to face trial over involvement in the $50 million diamond heist at Brussel’s airport in February 2013, according to the Belga news agency.

During the daring robbery, one of the world’s largest thefts, a large shipment of diamonds was stolen as they were loaded onto a Helvetic Airways plane to Zurich.

To pull off the attack, eight armed and masked men in two vans crashed a fence surrounding the tarmac. The two vans then rushed to a Brink's vehicle as the security team was loading the cargo on the plane. Once they had the goods in their possession, they left the airport through the same opening in the fence.  

More than 30 people were detained in Belgium, France and Switzerland in massive coordinated police operations over a diamond heist in Brussels

Rapaport reports polished diamond prices increase in December

Shortages supporting the market as RAPI for 1ct. rises 1.5% 

(NEW YORK) - Polished diamond market sentiment improved in December as shortages supported prices and dealers filled last-minute holiday orders. Initial reports about U.S. holiday season jewelry sales are positive. General retail sales were up about 8 percent with online mobile sales up 50 to 60 percent. However, there is still very limited dealer and retailer diamond inventory buying due to uncertainty about U.S. post-holiday demand and the Chinese New Year.

The RapNet Diamond Index (RAPI™) for 1-carat, GIA-graded diamonds rose 1.5 percent in December. RAPI for 0.30-carat diamonds advanced 4.7 percent and RAPI for 0.50-carat diamonds grew 3 percent. RAPI for 3-carat diamonds fell 0.1 percent.

JVC announces FTC Issuance of the Proposed Revisions to the FTC Guides for the Jewelry Industry

JVC(NEW YORK) - The Jewelers Vigilance Committee (JVC) announced the issuance by the Federal Trade Commission (FTC) of the proposed revisions to the FTC Guides for the Jewelry Industry. This latest draft was issued by the FTC after consideration of the industry’s comments and answers to a series of questions posed by the FTC (submitted 9/28/12). It also follows an FTC-hosted business roundtable on June 19, 2013 in Washington, DC to discuss additional questions pertaining to certain provisions of the proposed revisions, involving precious metal items and products made of corundum and leaded glass.

World's largest blue star sapphire 'found in Sri Lanka'

bbc blue sapphire

Gemologists in Sri Lanka claim that the largest blue star sapphire yet has been discovered in a mine in the country.

The gemology institute in the capital Colombo has certified that the gem weighs 1404.49 carats and say they have not certified anything larger.

The gem is valued at at least $100m and the current owner estimates that it could sell for up to $175m at auction.

Sri Lanka's gem industry, for which sapphire is the main export, is worth at least £70m ($103m) annually.

Blue star sapphires are so named because of the distinctive mark found at their centre.

"The moment I saw it, I decided to buy," the current owner, who wishes to remain anonymous, told the BBC World Service's Newsday programme.

The SJG Smart Business Report - New Year, New You, New Experiences!

2016 is stretching before us like a blank canvas, and if you are like me, this time of year can be both exciting and nerve-wracking. We can’t predict or control what the year will bring, what the economy will do, or how customers will react to global events. Therefore, the best thing we can do for ourselves and for our businesses is to move forward and anticipate the best outcome for everything, while staying flexible enough to adapt to any social or economic pressures that might arise.

What I learned at MJSA’s ConFab 2015

I recently attended MJSA’s ConFab in the Great Hall, Fashion Institute of Technology (FIT) in NYC. It was a fabulous day of very useful information and networking with lots of designers.

The ConFab event (an informal conversation or discussion) featured four speakers and was well attended. Over 100 people attended. There was quite a bit of informal sharing of information as well as tables manned by vendors from Autodesk, Otto Frei, Gesswein and Frank Billanti Casting Co.