Market & Industry
Essential briefings on the global jewelry business. Covers metal and gem price fluctuations, lab-grown tech breakthroughs, and major corporate mergers or acquisitions.
Universal News
145 entries-
Grandview Klein Diamonds Expands African Footprint with New South African Facility
Grandview Klein Diamonds inaugurates a new 10,000 sq ft manufacturing facility in South Africa, reinforcing its commitment to beneficiation and responsible sourcing.
2026-03-11
-
Signet Jewelers Reports Strong Fiscal 2026 Results and Outlines Growth Strategy
Signet Jewelers announced robust fiscal 2026 results, including sales growth and increased earnings, and outlined its strategic priorities for fiscal 2027.
2026-03-09
-
Saks Global to Close 15 More Stores Amid Bankruptcy Restructuring
Saks Global Inc. is closing an additional 15 department stores as it continues its Chapter 11 bankruptcy restructuring, impacting both Saks Fifth Avenue and Neiman Marcus brands.
2026-03-09
-
Tom Moses Departs GIA After Nearly 50 Years of Service
Tom Moses, a pivotal figure at the Gemological Institute of America (GIA) for nearly five decades, is stepping down from his role as Executive Vice President and Chief Laboratory and Research Officer.
2026-03-05
-
Charles & Colvard Files for Bankruptcy Amidst Market Pressures
Jewelry maker Charles & Colvard has filed for Chapter 11 bankruptcy, citing increased competition, falling prices, and rising costs.
2026-03-05
-
US Tariffs Set to Climb to 15% This Week, Treasury Secretary Bessent Confirms
Treasury Secretary Scott Bessent announced that a 15% global tariff is expected this week, aiming to restore rates following a Supreme Court decision.
2026-03-04
-
Luxury Retailers Halt Middle East Operations Amid Regional Unrest
Major luxury brands, including Kering and Apple, are temporarily closing stores across the Middle East due to escalating regional conflict and safety concerns.
2026-03-03
-
Metalor Technologies Acquires Gannon & Scott, Bolstering Precious Metals Refining Capabilities
Metalor Technologies has completed its acquisition of Gannon & Scott, integrating the North American precious metals refiner into its global operations.
2026-03-02
-
Diamond Industry Navigates Uneven Recovery and Evolving Trends in 2026
The diamond industry faces an uneven recovery in 2026, marked by shifting demand, trade complexities, and the growing influence of lab-grown diamonds and AI.
2026-03-02
-
Consumer Confidence Sees Modest Rise in February, Driven by Labor Market Optimism
Consumer confidence in February increased slightly, with a more positive outlook on the labor market, though inflation concerns persist. Purchases of big-ticket items are up.
2026-03-01
-
Man Charged in Double Murder of Father and Son at Chicago Jewelry Store Hospitalized Ahead of Hearing
Muhammad Thomas, charged in the November killings of Faustino Alamo Dominguez and Luis Alamo at their Chicago jewelry store, is hospitalized and his pre-trial hearing is delayed.
2026-02-26
-
South African Diamond Mine Closes, Files for Liquidation After 5 Miners Presumed Dead
Ekapa Mine in South Africa files for liquidation following a mudslide that trapped and presumed five miners deceased, impacting 1,200 jobs.
2026-02-26
-
Anglo American Slashes De Beers Valuation Again, Eyes Consortium Sale
Anglo American writes down De Beers' value by $2.3 billion, citing market challenges, and plans a sale to a public-private consortium.
2026-02-25
-
Sophisticated Jewelry Heist Crew Sentenced in California
Three members of a highly organized burglary ring have been sentenced for a multimillion-dollar heist targeting a Simi Valley jewelry store and candy shop.
2026-02-25
-
Breitling Valuation Slashed As Private Equity Owners Reassess Strategy
Breitling's private equity owners, CVC Capital and Partners Group, have significantly reduced the watchmaker's valuation due to declining sales and profits since a 2023 peak.
2026-02-24
-
Chrono24 Taps Jin Lee to Lead U.S. Growth and Enhance Trust Programs
Chrono24 appoints Jin Lee, former Flight Club executive, as VP & General Manager U.S. to accelerate growth and scale its Certified authentication program.
2026-02-23
-
Supreme Court Terminates Trump's IEEPA Tariffs, But Economic Fallout Lingers
The US Supreme Court has ruled that the International Emergency Economic Powers Act does not grant the president authority to impose tariffs, ending Trump-era duties but leaving a legacy of economic damage.
2026-02-23
-
Supreme Court Strikes Down Trump's Tariffs, President Responds With New Levy
The Supreme Court ruled against President Trump's emergency tariffs, but he quickly imposed a new 10% global tariff under a different law.
2026-02-19
-
Jewelers Vigilance Committee Appoints New Leadership Amid Industry Evolution
The Jewelers Vigilance Committee (JVC) has elected Julie Yoakum as chairperson and welcomed five new board members to navigate the evolving legal and regulatory landscape of the jewelry industry.
2026-02-19
-
Ethical Jewelry Community Seeks New Leader Amid Industry Evolution
The Community for Ethical Jewelry is searching for an Executive Director to guide its growth and influence in responsible sourcing and sustainability.
2026-02-17