The Western star’s 14-karat gold signet ring sold for six times its low estimate following a bidding war at U.K. auction house Elmwood’s.
Landslide at Jade Mine Kills 170+ in Myanmar
Heavy rains prompted the landslide in the Hpakant area last week.

Yangon, Myanmar—More than 170 people died and many others were trapped after heavy rains caused a landslide at a jade mine in Kachin State in northern Myanmar Thursday morning.
According to a post on Facebook from the Myanmar Fire Services Department, as of Sunday 174 bodies had been recovered and another 54 people found injured as rescue operations continued through the weekend.
The fire service said the jade miners were “smothered by a wave of mud” after a pile of mining waste collapsed amid heavy rains, burying the miners.
According to the BBC, local police said a warning had been issued on Wednesday not to work in the area due to weather dangers.
Heavy rains also made rescue efforts difficult, and photos accompanying the fire service’s post on Facebook show emergency workers trudging through large amounts of mud as they and others carry bodies up unstable slopes.
The incident, which occurred in the jade-rich Hpakant area, is the latest in a series of deadly accidents at jade mines in Myanmar over the past few years.
Last year, more than 50 workers were buried in a mudslide at a jade mine in Hpakant after a lake collapsed. In 2015, a nearly-200-foot tall pile of earth and mine waste also in Hpakant collapsed and buried the huts where workers slept, killing more than 100 people.
As was the case with this most recent landslide, these incidents often involve miners known locally as “yemase,” who search for overlooked jade pieces in larger mining companies’ tailings.
Despite safety issues throughout the years, Myanmar still produces 90 percent of the global jade supply.
According to data from the Extractive Industries Transparency Initiative, jade sales in the country were worth about $750 million in 2016-17.
Global Witness puts Myanmar’s jade trade in the billions, though a 2017 Gems & Gemology article from Russell Shor noted many analysts believe this estimate to be “excessive.”
The rights group called Thursday’s incident a “preventable tragedy” that should serve as a wake-up call for Myanmar’s government and its failure to bring “desperately needed reforms” to its mining sector.
The Latest

The discussion, "Rebuilding the Jewelry Workforce," will take place on Saturday, May 16, in Troy, Michigan.

A matching pair of 18.38-carat, D-color diamonds from Botswana’s Jwaneng mine sold for $3.3 million, the top lot of the jewelry auction.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

Sponsored by A Diamond Is Forever


It was the second auction appearance for the fancy vivid blue-green diamond, which sold for $7.8 million at Christie’s Geneva 12 years ago.

Members of the U.S. Marshals Task Force took a 22-year-old man into custody. He was charged with tampering with evidence.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

While the overall number of crimes was down, there were more incidences in which robbers pulled out guns, mace, or rammed cars into stores.

Jack Sutton Fine Jewelry is closing its store inside the downtown shopping center after 40 years in business.

Reena Ahluwalia’s painting of the rare red diamond is the first contemporary painting to join the National Gem Collection.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

Peter Smith gives tips on leading meetings, developing marketing, and making trade show appointments in the age of short attention spans.

The 11-piece “Medallions” capsule collection features five motifs: a crying eye, a heart on fire, a spiral, a flower, and a swallow.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.

The partners have announced the second cycle of the program, which has expanded to include a $25,000 student scholarship.

The owners of Staats Jewelers are heading into retirement.

Jeffrey Gennette, who retired in 2024 after 41 years with Macy’s, is the newest member of the jewelry retailer’s board of directors.

May babies are lucky to have emeralds, a gemstone admired for centuries, as their birthstone, writes Amanda Gizzi.

The new module allows retailers to plan, promote, and measure the success of events from a single dashboard.

NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate.

The diamantaire and industry leader succeeds Feriel Zerouki and said he will focus on being a “champion” for natural diamonds.

She wore our Piece of the Week, Glenn Spiro’s “Old Moghul Golconda” earrings, featuring fancy brown-yellow diamonds totaling 51.90 carats.

Two pieces were named “Best in Show,” one from the retail category and one from the supplier category.

The jewelry retailer noted resilience among its higher-end customers while demand softened for its lower-priced offerings.

Led by the 6.59-carat sapphire, the sale garnered $9.7 million, a record total for a Heritage jewelry auction.

In his new role, sales specialist Billy Welshoff will focus on the eastern United States.
























