The Gem Industry Speaks Out on Recent Events in Myanmar

While many in the gem industry call the recent military coup in Myanmar (formerly Burma) a terrible tragedy, they also fear what will happen to the...

U.S. Places Sanctions On Three Burmese Gem Sellers

Following the recent military coup in Myanmar (formerly Burma), the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has placed...

Diamond Trader Dan Gertler Gets OFAC Sanctions Reprieve

In an unexpected and unannounced decision made during the last week of the Trump administration, the U.S. Department of the Treasury temporarily...

Beny Steinmetz Found Guilty of Bribery

On Jan. 22, a court in Geneva found diamond and mining magnate Beny Steinmetz (pictured) guilty of corruption for allegedly bribing the wife of the...

Jewelry Wholesaler Pleads Guilty to Running Ponzi Scheme

On Dec. 30,  jewelry wholesaler Gregory Altieri, 53, pled guilty in New York federal court to wire fraud, for running what the government calls a...

LVMH Set to Close Tiffany Acquisition This Week

The trip to the altar had many bumps along the way, but it looks like Tiffany & Co. and LVMH may finally get hitched this week. On Dec. 30,...

Nehal Modi, Former Samuels CEO, Charged in Diamond Deal

A New York grand jury has indicted Nehal Modi (pictured), the former CEO of Samuels Jewelers and Gitanjali USA, with grand larceny for allegedly...

Customs Seizes Hundreds of Fake Jewelry Pieces, Watches

On Dec. 11, U.S. Customs and Border Protection (CBP) officers in Cincinnati seized two shipments that contained hundreds of fake jewelry pieces and...

JSA Offers Reward for L.A. Jeweler’s Killer

The Jewelers’ Security Alliance (JSA) is offering a reward of up to $2,500 for information leading to the arrest of the man who stabbed and killed...

A New Transparency Law Could Change the Jewelry Business

De Grisogono’s bankruptcy earlier this year demonstrated that jewelers need to have a better sense of who the companies are that they're dealing...