Philadelphia Jeweler Pleads Guilty To Money Laundering

On Thursday, Wasim Shazad (pictured), owner of V Jewelers on Philadelphia’s Jewelers Row, pleaded guilty to charges of money laundering and failure...

U.S. Sanctions Target Alrosa And Its CEO

On Thursday, the U.S. Treasury announced a long list of sanctions against Russia, with some taking aim at state-owned diamond miner Alrosa and its...

Fashion Brand Settles With FTC For Hiding Bad Reviews

Fast-fashion brand Fashion Nova has agreed to pay the Federal Trade Commission (FTC) $4.2 million to settle allegations that it used third-party...

Kimberley Process Adopts Framework For “Responsible Sourcing”

While the recent Kimberley Process (KP) plenary didn’t make progress on one long-sought-after goal—widening the KP’s definition of conflict...

Why The Pandora Papers Matter

Once again, there has been a massive leak of confidential data from offshore jurisdictions—this time, the biggest one ever, called the Pandora...

Industry Figures Appear in the Pandora Papers

A handful of diamond and jewelry industry figures have made appearances in the initial releases from the Pandora Papers—the massive leak of data...

Jewelers, Dealer Sentenced For Helping Fence Stolen Jewels

Two jewelry store owners, a New York City dealer, and two other men have been sentenced for assisting a plot to fence stolen jewels, according to a...

GIA Says Fake Inscriptions, Reports Accompanied Lab-Grown, Treated Diamonds

In August, the Times of India reported that a businessman in Surat, India, had been charged with selling diamonds that had fake GIA inscriptions....

Report: India Discovers Grading Reports With Mismatched Diamonds

A businessman in Surat, India, has been charged with selling diamonds with GIA grading reports that accompanied gems of lower quality than those...

Why Afghan Gems Could Be Subject To Sanctions

In 2019, after Trump administration officials demanded the industry declare the source of all its materials, a gem cutter complained to JCK that...