Investors turning to gold in market meltdown

December 1, 2008

Lower gold prices and the volatile global economy fuelled the dollar demand for gold and helped it reach a record high of $32 billion US for the third quarter.

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Auction bidding escalates over period pieces

December 1, 2008

A standing-room only crowd at a Toronto auction vied for period pieces and diamonds over two carats, pushing the bidding higher despite a gloomy global economic outlook.

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$120-million Paraiba lawsuit dismissed

November 17, 2008

A U.S. judge has thrown out a $120-million lawsuit against the American Gem Trade Association (AGTA) and others over the use of the phrase 'Paraiba tourmaline.'

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Pink diamond tender a hit with bidders

November 17, 2008

A weakened global economy did little to hurt Rio Tinto's 24th pink diamond tender.

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SSEF warns of synthetic red spinel

November 17, 2008

A resurgence in the demand for fine-quality red spinels may be the catalyst for the recent appearance of flux synthetics, says the SSEF Swiss Gemmological Institute.

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Celebs and WGC join forces for charity

November 17, 2008

The World Gold Council (WGC) is teaming up with A-list celebrities to help raise money and awareness for worthy causes.

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IDL opening labs in Italy and Saudi Arabia

November 17, 2008

International Diamond Laboratories (IDL) is setting up diamond grading services in Italy and Saudi Arabia.

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Rio Tinto hands out grants to Canadian universities and groups

November 3, 2008

Rio Tinto is doling out the first of its community investment grants in health, education, culture, and the environment.

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3900 diamonds add sparkle to $5-million bra

November 3, 2008

There's a lot of bling in this bra. About $5-million worth. Embroidered with nearly 3900 black diamonds, rubies, and white diamonds, the Black Diamond Fantasy Miracle Bra by Victoria's Secret weighs a hefty 1500 carats.

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Milus gets new owner

November 3, 2008

Chow Tai Fook (CTF) Group has acquired Swiss luxury watch brand Milus.

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