The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.
Mouawad Just Cut This 54-Carat Fancy Vivid Yellow Diamond
The jeweler says it’s the largest round brilliant fancy vivid yellow diamond in the world.

Dubai, United Arab Emirates—Mouawad just finished cutting what it says is the largest round brilliant fancy vivid yellow diamond ever graded by the Gemological Institute of America.
Dubbed the “Mouawad Dragon” because, the high-end jeweler said, it is “reminiscent of the dragon’s magical powers and fiery eye,” the stone is 54.21 carats.
It was planned and cut over a six-month period from a piece of yellow rough mined in South Africa, which produces the bulk of the world’s large, intense yellow diamonds.
The rough used to create the 128.54-carat “Tiffany Diamond” was mined in South Africa, as was the rough that became the fancy vivid yellow pear-shaped “Sun-Drop,” which Sotheby’s sold at a November 2011 jewelry auction for $10.9 million.
Mouawad said its next step is to create a piece of jewelry for the 54-carat Dragon.
Started in Lebanon in 1908 and now headquartered in Geneva, Mouawad is a fourth-generation jewelry business known for buying big, rare diamonds and using them to craft spectacular pieces. Past acquisitions include the 51.12-carat D flawless “Dynasty” diamond mined in Russia, the 245.35-carat Jubilee and the 69.42-carat Taylor-Burton diamond.
The company has boutiques throughout the Middle East and Asia and a distribution office in Los Angeles.
The Latest

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.

In February 2026, the auction house will move its headquarters to the former Steinway Hall, a neoclassical landmark on Billionaires’ Row.

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

The new show will take place Jan. 23-25, 2026.


The former BHP Billiton leader and Gemfields chairman is remembered for his influential leadership throughout his 50-year mining career.

The LVMH-owned brand has partnered with the costume design union to revamp its award for 2026.

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

The luxury titan inked a deal to acquire an initial minority stake in the jewelry manufacturer with a pathway to full ownership by 2032.

The company’s curation of unsigned vintage and estate jewelry debuted at the Bloomingdale’s in Costa Mesa, California.

In the recent multi-shipment seizure, CBP also found counterfeit Audemars Piguet, Moncler, and Chrome Hearts items.

Helzberg’s Chief Retail Officer Mitch Maggart shared details about its tests of a new store concept rooted in an elevated luxury experience.

Jewelers of America execs and National Jeweler editors discuss tariffs, the sky-high gold price, and the engagement that broke the internet.

The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.

Laura Burdese, who joined the Italian luxury brand in 2022, will take on the role in July.

The National Jeweler editors revisit the most noteworthy industry happenings and design trends from 2025.

Need a gift for the cat lover who has everything? Look no further than our latest Piece of the Week.

It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.

The lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.

Chandler got his start at Michelson Jewelers and has served as DCA president and CEO since 2001. He will retire at the end of the month.

The boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.

Sponsored by Digital Monitoring Products

The special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.

Associate Editor Natalie Francisco plays favorites with Piece of the Week, selecting a standout piece of jewelry from each month of 2025.

The “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.

Berta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.

Sotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.





















