Diamond News

Diamond News from IDEX

• US Jewelry Sector Shrinks Again in Q1

  The decline in the US jewelry sector continues, with yet another drop in the number of retail, wholesale and manufacturing businesses. The total...

• Slight Rise for LVMH's Watch and Jewelry Revenue

  LVMH reported a slight rise in revenue from its watches and jewelry division during the first quarter of 2025, up 1 per cent to EUR 2.48bn...

• Bombshell: Trump's 26% Tariffs on Indian Exports

  India's diamond industry is in shock today after the US imposed 26 per cent reciprocal tariffs on all its exports. That's almost double the 13.3...

• US Watch and Jewelry Sales Steady in February

  Watch and jewelry sales in the US were stable in February, according to the latest figures from the US Department of Commerce, amid ongoing economic...

• Swiss Watch Slump: Exports to China down 25%

  Swiss watch exports slumped in February, down 8.2 per cent, with sales in China down by a quarter. The Federation of the Swiss Watch Industry...

• Revenue Down, Stores Closed at Chow Sang Sang

  Chow Sang Sang suffered a net loss of 74 of its 1,032 stores last year, amid weak demand, record-high gold prices and an economic slowdown in China,...

• Stacks of Cash: Two Charged with $1.7m Jewelry Raid

  Two men in the US have been charged with a $1.7m sledgehammer raid on a jewelry store. They are alleged to have taken pictures of themselves...

• Kim Kardashian Loses Another Diamond

  Kim Kardashian has lost a second high-value diamond, this time at the wedding of Anant Ambani, son of Indian billionaire Mukesh Ambani. Video...

• Swarovski Returns to Profit, Doubles Lab Grown Sales

  Swarovski returned to profit after five years, saw its 2024 revenue grow by 6 per cent and doubled its sales of lab grown diamonds. The private,...

• Symancyk Announces Turnaround Plan for Signet

  Signet's new CEO J.K. Symancyk has announced a turnaround plan for the world's largest diamond jewelry retailer after disappointing results and a...