Court freezes assets in diamond fraud case
New York—A state judge issued an injunction Monday that freezes all assets of the defendants who were accused of stealing $3.3 million in diamonds as part of an alleged "bust-out" scheme to...
JA urges members to fight luxury-tax initiatives
New York--Concerned about proposed legislation in New York and Illinois to enact luxury taxes on jewelry and watches, Jewelers of America (JA) is asking retail jewelers to join its letter-writing and...
Diamond dealers lawsuit alleges $3 million fraud
New York—Lawyers representing 45 diamond companies filed suit today against three men accused of being part of a fraudulent "bust-out" scheme that led to the theft of $3.3 million in diamonds.
N.Y. rejects proposed luxury tax
Albany, N.Y.--Legislators for the state of New York have rejected New York Gov. David Paterson's proposal for a luxury tax on jewelry and watches, among other products, according to a report from the...
NYSJA 2008 scholarships now open to students
New York—The New York State Jewelers' Association (NYSJA) has announced the launch of its 2008 scholarship program, offering several scholarships in the amount of $2,500 each to aspiring...
Chopard hosts luncheon to honor NYCB
New York—Chopard, the Swiss-based company known for its luxury jewelry and timepieces, was host of the New York City Ballet's (NYCB) Annual Luncheon, held Feb. 1 at Lincoln Center's New York...
Raymond Weil sues Charlize Theron
New York—Swiss watchmaker Raymond Weil has sued actress Charlize Theron for breach of contract after the actress allegedly reneged on the terms of an endorsement deal with the brand.
Yehuda amps up gem lawsuit against Blue Nile
New York--Yehuda Diamond Co., which claimed in a lawsuit last year that Blue Nile was selling treated emeralds to consumers without proper disclosure, is now accusing the online retailer of selling...
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SimplexDiam to auction $1M in Fortunoff diamonds
New York--Asset-recovery firm SimplexDiam Inc. will auction more than $1 million in loose diamonds leftover from the bankruptcy of Fortunoff Fine Jewelry and Silverware LLC.
Smith completes acquisition of AGL
New York--Christopher P. Smith, former vice president and chief gemologist of the American Gemological Laboratories (AGL), has completed his acquisition of the lab.
Couture 2009 to intro new VIP retail jewelers
New York--The Couture 2009 Show will open next Thursday, returning once again to the Wynn Las Vegas for six days of buying opportunities, plus a series of America's Best Jewelers workshops.
Investors propel silver price, demand in '08
New York--Robust investor demand and solid industrial off-take catapulted silver's price in 2008, with last year's average of $14.99 per ounce eclipsed only once before in the metal's history,...
International Gem Tower launches in New York City
New York--New York City Mayor Michael R. Bloomberg was among the dignitaries on hand Tuesday in New York's Diamond District for the official launch of the 34-story International Gem Tower.
Economy, price depress platinum demand in '08
New York--Platinum experienced a series of downward trends in 2008, from declines in global supply and net demand to a nosedive in price, according to the just released "Platinum 2009" report by...
Zoltan David wins 'Best Of' silver jewelry contest
New York--Silver jewelry has been a hot topic lately on trade show floors and at the sales counter, and for April, it was the category up for review in National Jeweler's monthly "Best Of" contest.
Stuller to distribute Demika self-locking clasp
New York--Jewelry supplier Stuller Inc. will now distribute Demika's new, self-locking jewelry clasp and retail display kits to its account base of 40,000 retail jewelers in North America and...
Fortunoff auction set for June 18
New York--The intellectual property of fallen retailer Fortunoff Fine Jewelry and Silverware LLC will be auctioned off on June 18 in New York, according to the company's Web site.
Leslie's releases 2009-2010 catalog
New York--Leslie's has released its 2009-2010 catalog featuring a multitude of new items, especially pieces with targeted price points given the current trends in the economy.
Pantone's color seers say earth tones for fall
New York--Each season, the world-renowned color experts at Pantone release a report detailing the palette of hues that fashion designers expect to be indicative of the season. And for fall, designers...