Sotheby’s sale of Magnificent Jewels brought a total of $30,582,751, exceeding the pre-sale estimate of $20/26 million and achieving the second highest total for a various owners sale of Jewelry at Sotheby’s New York since 1995. The sale was 88.4% sold by lot and 91.9% sold by value, with white diamonds dominating the top ten prices [...]
Amsterdam Sauer Coming to America
Three time De Beers Diamond International Award Winner & Brazil’s top jewelry designer is coming to North America. Founded in 1941 by Jules Roger Sauer, Amsterdam Sauer is one of Brazil’s top jewelry manufacturers & designers. Amsterdam Sauer is one of the most recognized brand names for emerald jewelry in South America. Fine jewelry using [...]
Tiffany Sales and Earnings Exceed Expectations
Tiffany & Co. (NYSE: TIF) reported higher-than-expected net sales of $598 million and net earnings from continuing operations of $0.34 per diluted share in its third quarter that ended October 31, 2009. Management raised its sales and earnings outlook for the full year. Net sales of $598.2 million in the third quarter were 3% below [...]
Birks & Mayors Net Sales Down 23.5% According to Mid-Year Results
Birks & Mayors Inc. (NYSE AMEX:BMJ), which operates 67 luxury jewelry stores across Canada, Florida and Georgia, reported results for the twenty-six week period ended September 26, 2009. Net sales for the 26-week period ended September 26, 2009 decreased 23.5% to $102.2 million from $133.6 million for the 26-week period ended September 27, 2008. The [...]
James Allen Reveals Unprecedented Imagery This Holiday Season
For over a decade, JamesAllen.com has prided itself as a pioneer in cutting edge, user-friendly technological innovation. Continuing in that rich tradition, the company is pleased to announce this holiday season that JamesAllen.com is making it easier than ever to find the perfect diamond engagement ring. New 3D developments will provide consumers with the ultimate [...]
EDAPS’ De Beers Diamond Passport Inspires Similar Uses to Combat the Multi-Billion Dollar Counterfeit and Fraud Markets
Fraud and counterfeiting of a wide range of valuable goods, including designer fashions, precious gems, antiques and fine art, has emerged as a multi-billion dollar epidemic costing buyers and sellers around the world. The International Chamber of Commerce estimates that seven percent of world trade is in counterfeit goods. However, an exciting new technology can [...]
Madoff Personal Assets, Including Diamonds, Watches and Jewelry, on Auction
Proxibid, the world’s largest provider of live auction webcasting services, has been selected by to provide live online bidding for its upcoming US Marshal Service Auction, which includes personal assets belonging to Bernard and Ruth Madoff. The live auction will take place Saturday, November 14 at 10:00 a.m. EST at the Sheraton New York Hotel [...]
First Reported Here: Algeria Announces Tender To Explore For Diamonds in South of Country
Algeria’s Natural Resources Agency has issued a national and international call for bidding for the execution of aero-geophysical surveys concerning 4 blocks to determine primary sources of diamonds in the south of the country. Blocks cover a total of some 15 square kilometers. The deadline of submitting a bid is November 2 2009.
Ghana’s Diamond Exports Down to US$3.1 Million in H1 2009
Ghana’s diamond exports during the first half of 2009 reached 157,132 carats worth US$3.1 million, compared with 408,425 carats worth US$29.5 million during the same period in 2008.
Diamond Business Alleged to Have Been Source of Cash for One Arrested in U.S. Multimillion Dollar International Money Laundering Case
“This is all from diamonds” allegedly claimed a co-conspirator in the investigations of political corruption and international money laundering rings that have resulted in the arrest of 44 individuals, including mayors, assemblymen, political operatives and rabbis. Law enforcement personnel, with the assistance of a cooperating witness, first infiltrated a pre-existing money laundering network that operated [...]
Liberia Introduces New Transparency Law
A new transparency law signed by President of Liberia Ellen Johnson Sirleaf, covering oil extraction, mining and other natural resource industries, sets an impressive benchmark for global efforts to fight the natural resource curse and should be emulated by other countries, says NGO Global Witness. The Liberia Extractive Industries Transparency Initiative (1) Act (LEITI Act), [...]
Report: Value of Diamond Deals Down 73%
Metals Economics Group’s (MEG) recent Strategic Report points to a 73% decline in total acquisitions spending on diamonds—$210.5 million in 2008-09 compared with $760.2 million in 2007-08. A total of 19.7 million carats in resources changed hands in 2008-09, a 91% decrease from 208.4 million carats in 2007-08. Diamond transactions of at least $1 million [...]