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5 Jewelry News Stories You Might Have Missed
Last week’s headlines included a 13-carat pink diamond sold at tender, price cuts at Baselworld and Nirav Modi’s arrest in London.
One of National Jeweler’s top stories last week was about this 13.33-carat Type I rough pink diamond that Gem Diamonds sold at tender in Antwerp this month.
New York—Need to catch up on last week’s jewelry news? Here are five stories to get you started.
1. 13-Carat Pink Rough Sells for Nearly $9 Million
It set a price-per-carat record for a diamond recovered from the Letšeng mine in Lesotho.
2. Gem Legacy’s 2019 Goal: Updating a Tanzanian Cutting School
The nonprofit’s latest campaign aims to raise $50,000 to replace all the outdated faceting machines at the Arusha Gem Cutting School.
3. Baselworld Planning More Price Cuts in 2020
It’s one of a number of changes new management has made to resuscitate the watch and jewelry trade show.
4. Tiffany Q4 Sales Dragged Down by Weak Holiday Season
Global sales dipped 1 percent in the fourth quarter, a disappointing ending to an otherwise strong year.
5. Nirav Modi Nabbed, Held on Bail in London
The billionaire fugitive was reportedly arrested in a bank while trying to open an account.
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