The National Retail Federation expects retail sales growth to return to pre-pandemic levels as consumers continue to face inflation.
Remember the 813-Carat Diamond Found in Botswana?
It has produced a 313-carat stone said to be the largest D-color diamond in the world.

Dubai, United Arab Emirates—Dubai-based diamond company Nemesis International recently unveiled what it says is the largest D-color diamond ever graded by the Gemological Institute of America.
It is 313 carats (pictured below), and Nemesis took 18 months to cut it from an enormous chunk of rough unearthed in Botswana four years ago, the 812.77-carat diamond dubbed “The Constellation.”
Nemesis unveiled the emerald-cut stone at the Dubai Diamond Conference last week.
In a news release, the company said the 313-carat diamond, called “The Constellation I,” was evaluated, mapped and polished using the most technologically advanced equipment available and was “mainly” processed and completed in the United Arab Emirates by Almas Diamond Services, a sister company to Nemesis that does diamond polishing.
Nemesis noted in the release that the Constellation I is the “first UAE-crafted stone of its importance.”
Like Alrosa in Russia, Dubai is seeking to carve out a name for itself as a center for cutting and polishing high-value stones.
At the press conference, CEO Konema Mwenenge told Rapaport News the company has no immediate plans to sell the diamond and is considering a worldwide “roadshow,” displaying the stone alongside the seven other diamonds cut from The Constellation.
Mining company Lucara Diamond Corp. recovered The Constellation from the Karowe mine in Botswana in November 2015. (Karowe is the same mine that yielded the second-largest rough diamond on record, which Graff Diamonds eventually purchased.)
Nemesis bought the diamond in partnership with de Grisogono in May 2016, paying $63.1 million, or almost $78,000 per carat, setting a new record for a rough diamond.
The Latest

The 4-carat, old mine brilliant-cut diamond engagement ring was co-designed by Willis and New York City-based brand Karina Noel.

The multisensory experience, open April 8-13, will feature the brand’s silver creations among dream-like scenes of natural landscapes.

Bench jewelers spend years honing their skills, Jewelers of America’s Certification validates their talents.

The virtual event will take place April 7 at 3 p.m.


The pieces in “Animali Tarallo” portray animals from stingrays to elephants through portraits and interpretations of their patterns.

Parent company Saks Global said the iconic location will be open through the holiday season as it decides what to do with the space.

Natural diamonds mean more than lab-grown, but when every cut is ideal, they all look the same. Customers want more—Facets of Fire delivers.

The educational event will take place in Charlotte, North Carolina, this May.

The independent jeweler first opened its doors in 1888.

The layoffs come amid the TV shopping channel’s efforts to restructure and focus on live shopping through social media.

The debut event will take place in Miami’s Coconut Grove neighborhood this fall.

The roundtable will take place May 17 ahead of the trade show’s welcome dinner.

The “Peanuts x Monica Rich Kosann” collection features the comic strip’s classic vocabulary across 10 bracelet designs.

Three industry experts dive into the complexities of the material often marketed as an “ethical” alternative for metal in jewelry.

Diamonds are not only one of the most prominent gemstones, but the birthstone for those born in April.

The Utah-based company known for making wedding bands has acquired Doubloon Golf.

The longtime luxury executive led one of LVMH’s watch brands, TAG Heuer, for 12 years before taking over Bulgari in 2013.

Authorities said the robbers fled with jewelry and 70 Rolex watches, later taking pictures of themselves posing with big stacks of cash.

Lotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.

The ring's design features contrasting lines influenced by work from architecture-inspired photographer Nikola Olic.

The Conference Board’s index fell as consumers continued to worry about the impact of tariffs, the labor market, and the price of eggs.

However, two medieval jewels surpassed estimates at Noonans Mayfair’s recent jewelry auction in London.

The Oscar-nominated actor debuted in the campaign for the new “Top Time B31” collection, which introduced Breitling’s Caliber B31.

The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.

The family-owned retailer is the new owner of Morrison Smith Jewelers in Charlotte, North Carolina.

The “150 Art Deco” collection features a Miss America timepiece and a pocket watch from the brand’s Archive Series.