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Sept. 12 Diamond Shavings: Your Friday Web Roundup

This week: CIBJO thinks all lab-growns should be called “synthetic.” Patek Philippe raises prices. New York Times crossword references famed jewelry slogan. All below.   Diamonds, pearls, gemstones could be exempt from tariffs – Your tariff questions, answered –...

Gold Price Passes $3,600; Is $4,000 Next?

Gold crossed the $3,600 mark on Monday—the second milestone it has hit this month. The new benchmark came less than a week after the yellow metal soared past $3,500. And for a moment Tuesday, it looked as if gold might zoom past the $3,700 mark as well. But after its...

Jewelry Takes Back Seat as US Holiday Spending Slows

US consumer spending for the holiday season will see its slowest rise in six years, as consumers lay out more on necessities than nonessentials, including jewelry, a Bain survey found. Sales for the November-to-December period will increase 4% year on year to over...

US Watch and Jewelry Sales Edge Up in July Amid Tariff Concerns

The US watch and jewelry market recorded a modest 1.0% sales increase in July, according to newly released data from the US Department of Commerce. The uptick, however, was less a reflection of consumer demand and more the result of exporters and retailers rushing to...

Diamonds, Pearls, Gemstones Could Be Exempt From Tariffs

Unset diamonds, gemstones, and natural pearls may be exempt from Trump administration tariffs, provided they are imported from countries that have signed trade deals with the United States, according to a new executive order issued Sept. 5. The products, previously...

Sept. 5 Diamond Shavings: Your Friday Web Roundup

This week: Goldman Sachs says $5,000 gold is possible. Missing U.K. diamond dealer reportedly had staff pose as customers. And Taylor Swift’s jeweler speaks. All below.   Signet exec talks tariffs, strategy, lab-grown – Company’s stock rises – Earnings call transcript...

Tariffs Cause Small Jewelers to Halt U.S. Shipments

Several small foreign jewelry companies have halted sales to U.S. customers due to the new tariffs imposed by President Trump. Postal services in more than 20 countries have suspended shipments due to the end of the de minimis rule that allowed the duty-free import of...

Signet’s Focus on Lab-Grown Fashion Jewelry Is Paying Off

Lab-grown diamonds are in fashion at Signet Jewelers. (Yes, we’ve used that one before.) The US’s largest retailer of diamond jewelry reported better results than it expected for the second fiscal quarter, which ended August 2. Sales grew 3% year on year to $1.54...

“Grandfathered” Diamonds Can Still Enter U.S., Says OFAC

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently renewed a general license that allows importers to bring older diamonds into the United States without running afoul of sanctions on Russian goods. The license permits the import of rough or polished...

Gold Price Breaks New Barrier: $3,500

The price of gold broke through the $3,500 barrier on Sept. 2, notching yet another milestone in its shiny yellow belt. Gold had passed $3,500 briefly in April, hitting $3,509 an ounce, a then record. But it’s currently trading well above that; at press time, the spot...

Claire’s Details Store Closings

A new court filing in the bankruptcy proceedings for Claire’s Holdings LLC (Hoffman Estates, Ill.) lists the 235 Claire’s and 56 sister brand Icing stores new owner Ames Watson plans to close – and also the 785 Claires and 45 Icing locales it plans to keep in...

Diamond Studs Continue to Shine as Top Sellers at GN Diamond

(PRESS RELEASE) While GN Diamond has long been known for classic diamond jewelry—like tennis bracelets, riviera necklaces, and five-stone wedding bands, nothing compares to the rapid growth we’re seeing in diamond stud earrings. According to Avi Lusana, Managing...