Last updateTue, 15 Aug 2017 9pm

Other News

JA members and staff hit Capitol Hill for annual D.C. Fly-In

JA 06 29

(NEW YORK) - Jewelers of America (JA) hosted two days of legislative events for jewelers in Washington, D.C., on June 20 and 21, giving retailers and suppliers the opportunity to learn about key issues that affect their businesses and meet with top lawmakers. Events, which were part of the Jewelers of America Political Action Committee’s (JAPAC) annual D.C. fly-in, included a Dinner and Legislative Forum at the historic Army & Navy Club on June 20, and a full day of meetings with Congressional leaders on Capitol Hill on June 21.

De Beers sends mining ship to explore Namibian coast

The $157 million vessel can accommodate a crew of 80 and has a helicopter deck suitable for Sikorsky S61s.

de beers ship

De Beers, the world's No.1 diamond miner by value, unveiled last Thursday the world's largest diamond exploration vessel, which will search for the coveted stones on the seabed off the coast of Namibia.

The $157 million vessel will enable Debmarine Namibia, a 50/50 joint venture between the government of the African country and De Beers, to explore diamond deposits and secure diamond supply in the country well into the future, the Anglo American unit said in a statement.

Are American malls dead?

With All the Bankruptcies and Closings, How Will the Mall Survive?

mall GettyImages

My first retail job in 1983 was at a RadioShack store in a small Indiana town. We had no POS system or any other technology to help us outside of the calculator we used to add up the numbers on the invoices. Our best-selling item was a computer called the TRS-80 that proudly boasted a memory size of 16kb. And that was mind-blowing!

Vladimir Putin’s $1 million watch coming to auction

Vladimir Putin

Vladimir Putin, watch guy. Yup, our president's best frenemy is something of a horological connoisseur, and, as has been reported over the years, his collection includes everything from a Blancpain Aqualung that he wore while signing the treaty to annex Crimea to a range of other watches that make up six times what his declared yearly income is. Today, however, we've found the most impressive and expensive timepiece from the Putin collection, and it's coming up for sale.

Granddaughter sues jeweler, company and family for negligence in jewelry store murder

murder eA granddaughter of South Carolina jeweler Ivo Colucci has filed a lawsuit accusing him, his company, and other family members of negligence, after authorities say Colucci shot his wife to death in front of the girl inside the family’s North Chalreston store in April.

Millennials reject diamonds? Prepare to start hearing a new story


Almost exactly a year ago, The Economist tweeted a story about the Lesedi La Rona failing to sell at auction with a baiting question: "Why aren’t millennials buying diamonds?" Now, to be clear, the Lesedi La Rona, an 1,109-carat rough stone with a predicted price tag of $70 million, didn’t fail to sell because it couldn’t attract an eager millennial buyer. Diamonds that large and that rare tend to go to international collectors on the level of Laurence Graff or moneyed Middle Eastern princes – not, as that tweet might suggest, lovesick American twenty-something’s.