Canada-based jeweler Birks Group posted a smaller loss for the full fiscal year, thanks in part to its acquisition of European Boutique. The company recorded a net loss of CAD 3.4 million ($2.4 ...

Swatch Group’s sales grew in all price ranges and on every continent, as it adapted its business strategies. Revenue rose 2% year on year to CHF 3.12 billion ($3.84 billion) for the first half of the ...

Swiss watch exports rose in June, as leading markets showed a sustained improvement. Outbound timepiece shipments climbed 11% year on year to CHF 2.39 billion ($2.95 billion) for the month, the ...

Australia-based miner Rio Tinto has recovered diamonds from the remaining ore at its Canadian Diavik mine following its closure. Output plunged 97% both compared to the previous quarter and year on ...

De Beers plans to lay off 1,214 workers as it pauses production at its Venetia mine, according to a local union. The National Union of Mineworkers (NUM) has criticized the company and De Beers ...

Revenue at Hong Kong jeweler Luk Fook rose in the first fiscal quarter as consumers continued to purchase gold as an investment, even amid a strong jump in the price of the yellow metal. Retail sales ...

The top end of the watch industry continues to see outsized success. Timepieces with a retail price of over CHF 50,000 (about $64,000) now represent 37% of Swiss watch exports by value, despite ...

Botswana has a problem: US consumers don’t know diamonds come from there. They might not even know where it is. That’s why the African nation has exhibited at three consecutive JCK Las Vegas shows, ...

The “Pearls as One” course launched in 2016 — on a side note, we are revamping that course, and it will be ready by the end of this quarter. I wrote the original course in 2016, and we had it ...

The 21st-century jewelry store looks less like a traditional showroom and more like an inviting social club, complete with lounges, bars and spaces designed for lingering. From rooftop additions to ...

Christie’s will showcase a 15.49-carat sapphire ring at its upcoming auction in New York, where it has a high estimate of $1.8 million. The piece centers a cushion mixed-cut Kashmir sapphire, ...

Large diamonds in low colors are a hot market in the US. The Rapaport Intelligence Report asks why. The trend represents an important shift in how higher-end consumers perceive diamonds. Those seeking ...