GradingFeb 07, 2016
GIA invalidates 1,042 reports due to hackingThe Gemological Institute of America has invalidated grading reports for 1,042 diamonds after hackers gained access to its database and altered the reports.
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GradingFeb 07, 2016
GIA Urges Return of Diamonds with Doctored ReportsOnly 175 of the 1,042 diamonds with a grading report that was invalidated by the Gemological Institute of America in the wake of the hacking incident have been returned to the lab for reexamination.
GradingFeb 07, 2016
AGS Labs Now Grading Already Mounted DiamondsThe credit card-sized reports, which will contain details such as natural and unheated, are for mounted diamonds larger than 0.18 carats.
GradingFeb 07, 2016
GIA Extends Deadline for No-Cost ConfirmationThe Gemological Institute of America has extended the submission date for the no-charge confirmation service it announced in the fall by two months, to March 31.
SourcingFeb 07, 2016
23-Carat Pink Diamond Sold for $10MPetra Diamonds Ltd. sold the stone, which it recovered from the Williamson mine in Tanzania last month, into a partnership between Golden Yellow Diamonds and M.A. Anavi Diamond Group.
SourcingFeb 07, 2016
IDE Elects New PresidentYoram Dvash of Dvash Diamonds was elected president of the Israel Diamond Exchange, succeeding incumbent President Shmuel Schnitzer, who served one two-year term.
SourcingFeb 07, 2016
IDE Honors Past President Yair SaharThe 66th General Assembly of the Israel Diamond Exchange gave former IDE President Yair Sahar the title of Honorary President.
SourcingFeb 07, 2016
NCDIA Appoints Barbara Wheat as Executive VPThe industry veteran will place an emphasis on training, education and the benefits of jewelers carrying natural color diamonds.
SourcingFeb 07, 2016
Jean-Marc Lieberherr Leaving Rio TintoHe is being replaced by Simon Trott, the managing director of Rio Tinto’s salt and uranium businesses.
SourcingFeb 07, 2016
De Beers Diamond Advertising to Continue in 2016Though the company did not provide details on its plans, CEO Philippe Mellier said more marketing is needed to stimulate demand in what’s expected to be a “volatile” year.
TechnologyFeb 06, 2016
Amazon moves record number of units on ‘Prime Day’But the e-tailer isn’t being specific about the dollar amount of merchandise sold, and the reaction on social media was less than favorable.
Policies & IssuesFeb 06, 2016
AML Alert: Check lists of countries with deficienciesThe Jewelers Vigilance Committee advises that companies monitor the Financial Action Task Force’s lists of countries that aren’t completely cooperative with international anti-money laundering efforts.
Policies & IssuesFeb 06, 2016
Andrew Bone to lead the RJCThe Responsible Jewellery Council has named longtime De Beers executive Andrew Bone as its executive director.
Policies & IssuesFeb 06, 2016
5 Points on the Proposed Changes to the FTC GuidesThe Federal Trade Commission has issued proposed revisions to its Guides for the Jewelry Industry. Here are a few key things to know about them.
FinancialsFeb 06, 2016
Blue Nile to open 3 to 4 more storesCEO Harvey Kanter said the company’s first standalone brick-and-mortar location is “exceeding expectations” and they plan to get additional stores open in the first half of 2016.
CollectionsFeb 06, 2016
Movado makes its smart moveThe watch company has teamed up with Silicon Valley companies HP and Fullpower Technologies Inc. to create two different smartwatches.
FinancialsFeb 06, 2016
Movado’s Q3 sales slip 2 percentThough sales and income fell slightly, Movado Group said its brands “outperformed” other watches in what its CEO described as an “extremely challenging retail environment.”
FinancialsFeb 06, 2016
Signet Says Two-Stone Ring a ‘Grand Slam’Signet Jewelers Ltd. reported a 5 percent increase in same-store holiday sales, driven by bridal and fashion diamond jewelry, particularly “Ever Us.”
FinancialsFeb 06, 2016
Richemont Says Sales in the Americas ‘Subdued’They slid 3 percent at constant exchange rates, with sales growth by Van Cleef and Cartier offset by soft demand for watches.
FinancialsFeb 06, 2016
Tiffany’s Holiday Comps Down 5 Percent“Restrained consumer spending” hit the jeweler hard this holiday season, particularly in the United States, and it is now cutting jobs.
FinancialsFeb 06, 2016
Amazon Passes $100B in SalesThe online retailing giant known for sacrificing profits for the sake of growth also reported a substantial increase in net income in 2015.
MajorsFeb 06, 2016
Georg Jensen Names New CEOEva-Lotta Sjöstedt will step into the role as outgoing CEO David Chu focuses on his already existing role of chief creative director.
CrimeFeb 06, 2016
JSA: Female armed robber strikes againThe “extremely unusual” case of the female jewelry robber continues. Authorities believe she has hit another jewelry store, this one in Tennessee.
CrimeFeb 06, 2016
Suspect remains at large in RI armed robberyPolice in Rhode Island are still looking for the 21-year-old man they say took part in an armed robbery at a Providence pawn shop earlier this fall that left the owner with life-threatening injuries.
CrimeFeb 06, 2016
The ‘extremely unusual’ case of the female robberShe allegedly has entered at least three jewelry stores alone and armed and tied up staff before exiting with thousands of dollars in diamond jewelry.
