The National Retail Federation expects retail sales growth to return to pre-pandemic levels as consumers continue to face inflation.
157-Carat Diamond Recovered from Gahcho Kué Mine
The discovery marks the largest diamond found by Mountain Province Diamonds.

Toronto—Mountain Province Diamonds Inc announced its biggest diamond find to date from the Gahcho Kué mine located in Canada’s Northwest Territories.
The miner recovered a 157.4-carat diamond of “exceptional quality.”
"The recovery of the largest ever diamond and the successful bid was certainly a boost to the morale of the company,” said CEO Stuart Brown.
“It shows that the mine, although a high-volume producer of predominantly smaller diamonds, does produce diamonds of exceptional size and quality."
The biggest diamond ever found in Canada, a 552.74-carat yellow CanadaMark diamond, was also recovered in the Northwest Territories in October 2018 at Dominion Diamond Mines’ Diavik mine.
Looking to the fourth quarter overall, Mountain Province Diamonds sold 956,348 carats for $80.2 million Canadian dollars ($61.7 million) for an average value of $83.82 Canadian dollars per carat ($64.53).
The company said it saw continued price recovery throughout the quarter with most sales categories finishing above pre-COVID-19 values.
The results are “very encouraging,” said Brown, noting the challenges faced by the diamond industry amid the pandemic.
"Rough diamond prices, in the larger and better-qualities have been exceptional and pleasingly we saw further improvement in the smaller and lower quality diamonds which we believe will continue to strengthen in 2021,” said Brown.
The Gahcho Kué Mine is a joint venture between De Beers Canada Inc. (51 percent) and Mountain Province Diamonds (49 percent).
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.