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5 Jewelry News Stories You Might Have Missed
A 187-year-old jewelry store closing its doors, a diamond-related cryptocurrency scam, and lagging diamond sales were among last week’s talk-of-the-town jewelry news headlines.
Cornwell Jewelers of Athens, Ohio, will close this summer after 187 years in business.
New York—Fell behind on the week’s jewelry news? Here are five stories to get you back in the know.
1. A Jewelry Store That Opened in 1832 Is Closing
Cornwell Jewelers is located in Athens, a small town in southeast Ohio that’s home to Ohio University.
2. 3-Carat ‘Bubble Gum Pink’ Diamond Could Sell for $8M
Set in a ring by Moussaieff, the piece will lead Christie’s May 28 jewelry auction in Hong Kong.
3. RapNet Members to Vote on Lab-Grown Diamond Listings
Results will be announced at the Rapaport breakfast event during the JCK Las Vegas jewelry trade show.
4. SEC Pulls the Plug on Diamond-Related Cryptocurrency Scam
A Florida cryptocurrency company allegedly took more than $30 million from investors, promising big returns by reselling fancy colored diamonds.
5.Alrosa, De Beers Note Muted Demand for Diamonds
Diamond sales for both are lagging behind last year due to a few factors.
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