The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.
In NY, Sotheby’s to sell jewels of a Mellon
Jewelry that once belonged to Rachel Lambert Mellon, a horticulturalist and art collector who died earlier this year at the age of 103, will hit the auction block at Sotheby’s in November, including a fancy vivid blue diamond estimated to garner up to $15 million.

Mellon’s collection of jewels and objects of vertu, small objects created from precious materials used as works of art or that have a practical purpose, will be offered Nov. 20 and 21 at Sotheby’s New York.
Highlighting Mellon’s jewelry is a 9.75-carat pear-shaped fancy vivid blue diamond of VVS2 clarity. The potentially internally flawless stone, mounted in platinum, is accompanied by a Gemological Institute of America report and is expected to sell for up to $15 million.
Another pear-shaped fancy blue diamond, this one weighing 9.15 carats and also mounted in platinum, has a pre-sale high estimate of $1.5 million.
A circa 1900 gold and diamond rivière necklace by Cartier is set with 29 old European cut diamonds weighing a total of 111 carats, with a 4.20-carat round fancy deep yellow diamond on the clasp. The necklace is expected to sell for $1.2 to $1.5 million.
A pair of 18-karat gold, sapphire and diamond brooches by Van Cleef & Arpels is expected to fetch up to $35,000.
“Mrs. Mellon’s personal jewels and objects of vertu reflect her close relationships with the designers she loved,” Sotheby’s said. “Pieces from Verdura, Schlumberger and Givenchy appear in the collection, as well as period jewels from Cartier, Van Cleef & Arpels and Black Starr & Frost.
The auction will include an attractive array of wearable daytime jewels, gold accessories and objects of vertu, both modern and vintage.”
In addition to jewelry and objects of vertu, Mellon’s fine art, furniture, porcelain, silver and glassware also will be up for auction. Together, the lots are expected to achieve more than $100 million.
The Latest

The luxury titan’s star brand Gucci continued to struggle amid a "tough" environment.

Its opening marks the completion of the retailer’s new 11,000-square-foot store in the Texas capital.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Respondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”


“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.

Senior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The first-time exhibitors, set to debut at the New York City show, share a devotion to craftsmanship, storytelling, and material integrity.

The online auction house’s September sale will feature rough Brazilian emeralds of various qualities.

She’ll lead an executive committee consisting of President-Elect Bryan Moeller, Mitchell Clark, Bill Farmer, and Larry Rickert.

Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.

A new edition of the Italian brand’s “Ipanema” collection has debuted with gemstones that evoke Brazil’s breathtaking views.

The retailer will refer its customers to WonderCare, founded by venture capitalist and watch collector Kevin O’Leary.

The jeweler’s largest store yet is set to open in Little Rock next fall.

Anne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”

Jewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.

Renovations at Tiffany & Co. stores ate into profits in the company’s watch and jewelry division.

Mark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.

While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.

The “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.

The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.

JSA has received reports of mobs swarming jewelry stores, driving cars into the storefront or smashing through the windows.

The “Kashmir” collection features centuries-old craft techniques made in collaboration with the region’s master papier-mâché artisans.

Creative Director Erica Bianchini shared why the jeweler is looking to expand into the U.S. and how it’s putting Canadian craftsmanship on the map.

Two Los Angeles Fire Department stations plan to use the donations to upgrade their equipment and tools.

Next week, the auction house will kick off a selling exhibition of jewelry by British artist Hannah Martin and Coldplay’s Guy Berryman.