It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.
Rio Tinto Head Resigns Following Destruction of Sacred Indigenous Site
Jean-Sébastien Jacques is stepping down under pressure from investors after the company destroyed prehistoric caves sacred to two Australian Aboriginal groups.

Melbourne, Australia—Rio Tinto’s executive director and chief executive will step down under pressure from investors following the company’s destruction of a sacred indigenous site to access iron ore this past spring.
The mining company said Friday that Jean-Sébastien Jacques will leave at the end of March 2021 or when his replacement is found, whichever comes first.
Also exiting are the chief executive of the mining company’s iron ore business, Chris Salisbury, who will leave Rio Tinto on Dec. 31, and Simone Niven, who steps down as group executive, corporate relations, also at the end of the year.
Rio Tinto blew up prehistoric rock shelters sacred to two Australian Aboriginal groups—the Puutu Kunti Kurrama and Pinikura people—in the Juukan Gorge in Western Australia in May in order to get to the iron ore underneath.
The caves were culturally and archeologically important sites that contained signs of human habitation stretching back as far as 45,000 years. The New York Times reported that a 28,000-year-old kangaroo bone sharpened into a blade and a 4,000-year-old plait of human hair were among the artifacts found in the ancient shelters.
The company destroyed the caves against the objections of leaders of the Puutu Kunti Kurrama and Pinikura people, who waged a years-long battle to preserve the site, and has been under fire from Indigenous leaders, investors, environmentalists, and politicians ever since.
Rio Tinto announced last month it would dock the three executives’ bonuses, but investors argued that was not enough and pushed for the ousting of those responsible.
In the statement issued Friday announcing the resignations, Rio Tinto Chairman Simon Thompson said: “What happened at Juukan was wrong, and we are determined to ensure that the destruction of a heritage site of such exceptional archaeological and cultural significance never occurs again at a Rio Tinto operation.
“We are also determined to regain the trust of the Puutu Kunti Kurrama and Pinikura people and other traditional owners. We have listened to our stakeholders’ concerns that a lack of individual accountability undermines the group’s ability to rebuild that trust and to move forward to implement the changes identified in the board review.”
Ivan Vella, currently Rio Tinto’s managing director for Rail, Port & Core Services, will replace Salisbury as head of the iron ore business on an interim basis.
The company is also, as previously announced, establishing a new “Social Performance” assurance arm to strengthen oversight of
Also, Rio Tinto has appointed Simon McKeon, currently a non-executive director, as a senior independent director in order to increase board engagement in Australia.
The Latest

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.

Sponsored by Digital Monitoring Products

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

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


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

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

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

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.

Two awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.

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.

Winners will receive free registration and lodging for its fourth annual event in Detroit.

Here are six ideas for making more engaging content for Instagram Reels and TikTok, courtesy of Duvall O’Steen and Jen Cullen Williams.

The honorees include a notable jewelry brand, an industry veteran, and an independent retailer.

Carlos Jose Hernandez and Joshua Zuazo were sentenced to life without the possibility of parole in the 2024 murder of Hussein “Sam” Murray.

Yood will serve alongside Eduard Stefanescu, the sustainability manager for C.Hafner, a precious metals refiner in Germany.

The New Orleans jeweler is also hosting pop-up jewelry boutiques in New York City and Dallas.

Set in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.

The jeweler’s “Deep Freeze” display showcases its iconic jewelry designs frozen in a vintage icebox.

Take luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.

This year's theme is “Unveiling the Depths of the Ocean.”

In its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.

Starting Jan. 1, customers can request the service for opal, peridot, and demantoid garnet.

The 111-year-old retailer celebrated the opening of its new location in Salem, New Hampshire, which is its third store in the state.

The new catalog features its most popular chains as well as new styles.




















