FinancialsMar 10, 2026
Signet Jewelers’ Q4 Sales Fall Flat The jewelry giant released preliminary results for the fourth quarter and full year on Monday, with final results slated to come next week.
SourcingAug 09, 2017
8 Miners Missing Following Flood at Diamond Mine
The men have been trapped underground since Friday, when water poured into the underground portion of Alrosa’s Mir mine in Siberia.
This aerial shot provided by Alrosa shows the Mir mining site in eastern Siberia. As of Wednesday, eight miners remained trapped following a flood in the underground portion of the mine late last week.
Moscow--Eight miners at Alrosa’s Mir diamond mine are still missing following a flood at the mine Friday.
According to Alrosa, a “sharp deterioration in mining and geological conditions” caused an “uncontrolled in-rush of water” into Mir underground, trapping 151 miners.
The mining company immediately launched its emergency response plan and rescued 142 workers within hours of the accident. Another worker, Alisher Ismailovich Mirzaev, was brought to the surface Saturday.
As of Wednesday morning, eight miners remained underground: drill rig operators Alexey Vladimirovich Vlasenko, Dmitry Evgenievich Zhukov and Dmitry Mikhailovich Mariin; shift foreman Valentin Anatolievich Misnik; blaster Igor Anatolievich Stepanov; acting foreman Vitaly Vitalievich Kulikov; stope miner Gleb Alexandrovich Mirontsev; and drill rig operator Mikhail Yurievich Neustroev.
Unable to get to the trapped miners using the planned routes, Alrosa said Tuesday that seven rope technicians descended the slopes of the open-pit portion of Mirny to reach water-collecting wells, but added that the attempt to get in touch with the missing miners by tapping was unsuccessful.
More than 330 people and over 30 units of equipment are involved in the search, which continued as of Wednesday morning. The rope technicians will try to get in touch with the miners again today, according to the diamond miner.
Alrosa said its emergency warning and location determining system saved the lives of dozens of miners, including Mirzaev, the miner brought to the surface Saturday who was spotted at the underground level 410 due to his radio location mark.
The marks also have helped rescuers establish where they believe the eight still-missing miners were at the time of accident.
The Mir mine is under the umbrella of the Mirny mining and processing division, which is Alrosa’s oldest MPD.
Mir underground has been in operation since 2009 and is expected to produce 1 million tons of ore per year up to 2043.
Alrosa said the mine was operating in full compliance with all technical and safety requirements, and passed the Main State Expert Review board and repeated expert appraisals of industrial safety. It added that Mir underground has never had its operations suspended due to a pre-emergency or emergency situation.
The company has suspended Mikhail Lopatinsky, director of Mirny MPD, until it completes a post-accident inspection of the site.
In addition, Alrosa confirmed that the Investigative Committee of the Russian Federation has launched its own inquiry into the accident.
More on Sourcing
The Latest
MajorsMar 10, 2026
Saks Global to Close 15 More StoresThe retailer also gave an update on its vendor partnerships.
TrendsMar 10, 2026
Messika Names Julianne Moore as AmbassadorThe award-winning actress is the “epitome of modern allure,” the brand said.
Brought to you by
Is This You? Every Jeweler Has This Problem; We Have the Solution.Every jeweler faces the same challenge: helping customers protect what they love. Here’s the solution designed for today’s jewelry business.
CollectionsMar 10, 2026
Gemstones ‘Bloom’ in Sorellina’s New CollectionThe “Bloom” collection draws from the flower power movement of the 1960s and ‘70s with inlay pendants offered in eight colorways.
Weekly QuizMar 05, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsMar 10, 2026
Diamond-Studded Painting Shines at RJO Foundation AuctionThe unique piece was one of the custom works offered at the foundation's recent silent art auction, which garnered nearly $15,000 in total.
TrendsMar 09, 2026
Jake Gyllenhaal Is Bulgari’s Latest AmbassadorBulgari named Gyllenhaal as its brand ambassador for his embodiment of artistic depth, intellectual curiosity, and warmth.
Brought to you by
DCA Enters a New Chapter in Jewelry EducationWith refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.
Events & AwardsMar 09, 2026
TJS Announces 2026 Scholarship WinnersAwards were given to four students, one apprentice, and an emerging jeweler.
AuctionsMar 09, 2026
Joanna Carson’s Jewels Lead White-Glove SaleThe top jewelry lot of the late model’s estate sale, hosted by John Moran Auctioneers, was an Oscar Heyman & Brothers for Cartier necklace.
GradingMar 06, 2026
Tom Moses Leaving GIA After Nearly 50 YearsMoses, who started at GIA’s Santa Monica lab in 1976, will leave the Gemological Institute of America in May.
Lab-GrownMar 06, 2026
Charles & Colvard Files for Bankruptcy, Citing Price PressuresIncreased competition, falling lab-grown diamond and moissanite prices, and the rising cost of gold took a toll on the moissanite maker.
CollectionsMar 06, 2026
Zome’s ‘Solara’ Earrings Embody Celestial BeautyThe earrings, our Piece of the Week, feature pink tourmalines as planets orbiting around an aquamarine center set in 18-karat rose gold.
MajorsMar 06, 2026
Pomellato’s 2026 IWD Campaign Spotlights Economic Abuse“The Price of Freedom” campaign video for International Women’s Day confronts the quiet violence of financial control.
Policies & IssuesMar 05, 2026
Tariffs to Increase to 15% This Week, Treasury Secretary Says Also, a federal judge has ordered that companies that paid tariffs implemented under the IEEPA are entitled to refunds.
CollectionsMar 05, 2026
Common Era Honors ‘Difficult Women’ in CollectionThe ever-growing collection, which just expanded with the addition of Olga of Kyiv, features cameos of 12 women from history.
TrendsMar 05, 2026
Engagement Ring Trends 2026: What’s In, and WhyWe asked a jewelry historian, designer, bridal director, and wedding expert what’s trending in engagement rings. Here’s what they said.
Events & AwardsMar 05, 2026
AGS Announces Conclave 2026 Speaker LineupThe annual event will be held in Orlando, Florida, from Sept. 14-17.
TrendsMar 05, 2026
Caitríona Balfe Fronts Only Natural Diamonds CoverThe “Outlander” star modeled for the digital cover of the magazine’s spring issue, which features a story on her relationship with jewelry.
MajorsMar 05, 2026
Registration Opens for CIBJO Centenary CongressThis year’s annual congress, which will mark the confederation’s 100th anniversary, will take place this fall in Italy.
MajorsMar 04, 2026
Michael M Opens First StoreBeverly Hills was chosen as the location for the brand’s first store, designed as a “private residence for modern monarchs.”
Policies & IssuesMar 04, 2026
Luxury Brands Temporarily Shutter Middle East StoresKering, Apple, and other retailers have reportedly temporarily closed stores in the Middle East region in light of the recent conflicts.
EditorsMar 04, 2026
Q&A: Brilliant Earth’s CEO on the New Beverly Hills StoreBeth Gerstein discusses the vibe of the new store, what customers want when fine jewelry shopping today, and the details of “Date Night.”
Events & AwardsMar 04, 2026
JIS Miami Spring Show to Feature New Gifts Pavilion, Pop-Up Trends TalksNearly half of buyers are prioritizing silver and fashion collections this season, organizers said.
TrendsMar 04, 2026
Spinelli Kilcollin Rides Free In Year of the Horse CampaignThe “Live Now. Polish Later.” campaign features equestrians wearing the brand’s jewels while galloping across the icy plains of Kazakhstan.
MajorsMar 04, 2026
LeachGarner Names New Brand DirectorThe precious metals provider has promoted Jennifer Ashworth to the role.
Events & AwardsMar 03, 2026
Johnny Nelson Wins David Yurman Gem Awards GrantNelson will be honored as the inaugural grant winner at the Gem Awards gala on March 13.
