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News

IDEX Online Diamond Index
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JSA Warns Suppliers of Shipment Diversion Scam

4+ day, 11+ hour ago   (268+ words) (IDEX Online) - The Jewelers' Security Alliance (JSA) is warning retailers and suppliers of a scam in which callers impersonate employees or customers to have high-value jewelry shipped and then diverted to addresses controlled by criminals. JSA said it had received…...

IDEX Online
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Backlash over Plans for Hatton Garden Heist Themed Bar

4+ day, 10+ hour ago   (287+ words) (IDEX Online) - Plans to turn the former Hatton Garden Safe Deposit vault in London into a heist-themed wine bar have provoked an angry backlash. Raiders broke into the underground vault over the Easter holiday weekend in 2015 after drilling through a…...

IDEX Online
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Angola and Botswana Join Forces to Defend Natural Diamonds

5+ day, 6+ hour ago   (467+ words) (IDEX Online) - Angola and Botswana are joining forces to strengthen the position of natural diamonds in international markets as they seek to counter growing competition from synthetic stones. The two African producers, who jointly account for almost 30% of the world's…...

IDEXonline
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SEC Accuses Lugano Founder of Alleged $1bn Diamond Fraud

6+ day, 11+ hour ago   (550+ words) (IDEX Online) - The US Securities and Exchange Commission (SEC) has accused Mordechai Ferder, founder of the luxury Lugano jewelry company based in California, of orchestrating an alleged fraud in which investors were persuaded to put hundreds of millions of dollars…...

idexonline.com
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Sotheby's Hong Kong Offers $2.6m Ruby Earrings

1+ week, 11+ hour ago   (324+ words) (IDEX Online) - A pair of Burmese ruby and diamond earrings estimated at up to HKD 20 million (USD 2.6 million) will headline Sotheby's Hong Kong High Jewelry auction on September 17. The pear-shaped ruby earrings, weighing 5.20 and 5.08 carats, are set with rose-cut diamonds…...

idexonline.com
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Gem Diamonds Returns to Profit as Rough Prices Rise

1+ week, 11+ hour ago   (421+ words) (IDEX Online) - Gem Diamonds returned to profit in the first half of 2026 as higher rough diamond prices at its Letseng mine in Lesotho lifted revenue despite lower recovered carat volumes. The company reported attributable profit of $0.6 million for the six…...

IDEXonline
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Belgian PM Opens Expanded HRD Antwerp Lab in Mumbai

1+ week, 1+ day ago   (461+ words) (IDEX Online) - Belgian Prime Minister Bart De Wever opened HRD Antwerp's expanded Mumbai laboratory on September 4 during a two-day visit to India, highlighting the importance of the country's diamond industry to Belgium's trade relationship with India. The renovated laboratory in…...

IDEXonline
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London Diamond Bourse Favors Synthetic Terminology

1+ week, 1+ day ago   (453+ words) (IDEX Online) - The London Diamond Bourse has adopted "synthetic diamond" as its preferred term for man-made diamonds and is encouraging all its UK members to use the terminology as best practice. In an announcement on 2 September, the Bourse said the…...

IDEXonline
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Dubai Creates Dedicated Lab-Grown Division

1+ week, 5+ day ago   (163+ words) (IDEX Online) - Dubai Multi Commodities Centre (DMCC) says it has established a dedicated lab-grown diamond division, as trade in the stones almost doubled last year to a record 76.9 million carats. It marks the formal and institutional separation of lab-grown and natural…...

IDEXonline
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Forevermark Targets 100 India Stores in Four Years

2+ week, 8+ hour ago   (382+ words) (IDEX Online) - Forevermark, the diamond jewelry brand owned by De Beers, plans to open 100 showrooms across India within four years, aiming for annual revenue of 1,000 crore rupees ($120 million). "India is an extremely important market for Forevermark, and that is why…...