G7 Will Restrict Russian Polished Beginning in March

In a statement issued Dec. 6, the G7 said that “phased restrictions” will be placed on Russian-mined diamonds beginning next year, though...

EU Banning Descriptors “Eco,” “Climate Neutral,” “Carbon Neutral”

European Union legislators have struck a deal for new rules that will ban most companies from using widely used eco-descriptors like environmentally...

U.S. Treasury Sanctions Grib Diamonds

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Sept. 14 sanctioned AGD Diamonds, the Russian company that owns Grib Diamonds. Grib,...

New York Diamond Dealers Charged With Illegal Money Transfers

Five New York City diamond and jewelry dealers were charged Sept. 7 with processing more than $600 million in illegal money transfers, according to a...

Jeweler Pleads Guilty to Not Reporting High-Dollar Cash Transactions

Junaid “Jay” Sahibzada, the owner of two jewelry stores in Independence, Mo., pleaded guilty in federal court on Aug. 4 to one count of evading...

OFAC Holding $26 Million in Payments Over Russia Sanctions: Report

Guidance from U.S. Treasury’s Office of Foreign Assets Control (OFAC) stopped $26 million worth of payments for diamond shipments because of...

FTC Outlaws Fake or Paid-For Customer Reviews

Think that store across town with the glowing Yelp reviews shelled out money for them? Now you finally have recourse. (more…)

FTC Sues Amazon Over Prime Cancellation Policies

The Federal Trade Commission has sued Amazon, claiming the e-tail giant made it deliberately difficult and confusing for consumers to cancel their...

Don Roberto Settles Data Breach Lawsuit

Don Roberto Jewelers, a 90-store chain based in San Clemente, Calif., has agreed to a $4 million settlement, following a 2021 data breach, which...

Belgian Parliament Committee Approves Russian Diamond Ban

The Belgium Parliament's Foreign Affairs Committee has approved a resolution calling on the Belgian government to ban Russian diamonds from entering...