The closure is part of a global restructuring that also includes PGI winding down its operations in Japan, South Korea, and Hong Kong.
Alrosa Digs Up a 207-Carat Diamond
The rough diamond is the largest gem-quality stone found at the Zarnitsa pipeline, which was the first diamond deposit discovered in Russia.

Udachny, Russia--Alrosa announced Tuesday the discovery of a 207.29-carat diamond from the Zarnitsa pipe at the Udachny Mining and Processing Division, a mining operation located not too far from the Arctic Circle.
The yet-to-be named rough diamond is the largest to ever be extracted from Zarnitsa.
Found in 1954, the Zarnitsa pipe was the first major diamond deposit discovered in Russia, though mining operations didn’t begin there until 1998, as the larger, neighboring Udachnaya pipe was easier to access.
“The modern mining and processing technologies ensure a high degree of diamond preservation,” said Gleb Shmarov, the chief geologist of Udachny’s mining and processing division.
A total of 7.49 million carats of reserve have been identified at Zarnitsa.
In the first quarter of this year, as mining operations have increased, diamond output has more than doubled as compared with Q1 2015, keeping up with Alrosa’s overall growth.
The 207.29-carat rough diamond found by Alrosa is the latest in a string of big diamond finds worldwide, including a few by the Russian mining company.
In February they announced the discovery of an 84-carat diamond, subsequently named “Mothers of Russia”, and in December Alrosa recovered a 105-carat diamond. Both stones were from the Jubilee pipe, which has become famous for the large diamonds it yields.
The Latest

The website offers enhanced member benefit access, industry directories, educational resources, a job board, and access to the MJSA Journal.

Boucheron and Pomellato had a strong third quarter, with Kering looking at jewelry as an increasingly important part of its portfolio.

A Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.

Tara Sinchuri was the owner of Everest Jewels in Fairfield, Ohio, and a father of three. He was found dead in his store on Tuesday.


Bespoke experiences from Buccellati and Verdura are on the retailer’s 2026 “Fantasy Gifts” list.

The number of participants at the fall show was up 12 percent.

Built on Relationships. Refined by Craft.

The Academy and Grammy award-winning siblings have collaborated with John Hardy on a new jewelry line inspired by their personal style.

Diana Singer shared the stories of two “cursed” diamonds on this month’s podcast, which was inexplicably riddled with technical issues.

The family-owned jeweler has three locations across Missouri and Iowa.

The collection centers designs with clean geometric lines, chunky sculptural pieces, and recognizable details from the luxury fashion brand.

The miner said it saw particularly strong prices for larger, fine-quality rubies at the sale.

The guard opened fire on a man who was smashing a jewelry display case at La Gran Plaza in Fort Worth last week, police said.

The Texas jeweler added 2,000 square feet to its reimagined showroom, complete with a new design studio and an event space.

Jacob & Co.'s diamond masterpiece is the most expensive Fantasy Bra ever worn on the Victoria’s Secret Fashion Show runway.

The “Atelier” collection was inspired by the tools, rituals, and objects in an artist’s studio as a quiet rebuttal to an automated world.

The pending acquisition is an “exciting opportunity” for wedding vendors to grow their business, said The Knot Worldwide’s CEO.

"The Secret Gems" features eight Thai jewelry brands paired with a team of young craftspeople who create jewelry together to win challenges.

The brand’s “Modern Talisman” capsule collection introduces pendants inspired by the mythology, natural world, and spiritual ethos of Bali.

Independent jewelers from New Mexico to New Jersey answer the question: What has kept your store in business for 100 years?

The NRF is expecting holiday sales to increase this year, but consumers and retailers alike are facing Grinch-like headwinds.

Our Piece of the Week gathers the planets, represented by a variety of colored gemstones, in a pair of 14-karat yellow gold earrings.

The New York-based jeweler is moving its Amherst flagship store to a larger location in nearby Snyder.

Chen, who worked at Cartier and Tiffany & Co., will lead retail sales and operations for the luxury jeweler’s 11 U.S. stores.

For 40 years, sisters Amy and Elise Greenberg have helmed their 126-year-old family business, leading with appreciation and integrity.

It’s a term Smith coined and felt compelled to share following a bad experience with an aborted flight and an unfeeling flight attendant.






















