De Beers senior marketing executive Sally Morrison is leaving the company to pursue new projects after helping lead the reintroduction of category marketing and the launch of the Desert Diamonds campaign. De Beers said it remains focused on growing natural-diamond demand in the US and has appointed Shefali Murdia, formerly of Movado, as its US general manager, natural diamonds.

 

Macy’s highlighted jewelry as a standout performer in the first quarter as group revenue rose 2% year on year to $4.9 billion and net income increased 66% to $63 million. Growth was driven by strong performance across all its brands, led by a 10.2% increase at Bloomingdale’s, as the company continued to invest in its luxury-focused banners and Reimagine 200 store strategy.

 

India's Securities and Exchange Board (SEBI) issued an interim order against Rajesh Exports, a gold refiner and jewelry manufacturer, alleging the company materially misrepresented its consolidated financial statements and withheld key subsidiary information from investors and regulators. The regulator claimed the disclosures presented an inflated picture of the group's scale and financial performance. Rajesh asserted its financials are correct. 

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Russia has introduced new regulations requiring stricter labeling of synthetic diamonds in jewelry, effective September 1, 2026. Under Government Resolution No. 657, retailers must identify synthetic stones as "synthetic" on jewelry tags, while the use of the word "diamond," diamond grading terminology, and descriptors such as "natural," "genuine," "mined," and "eco-friendly" will be prohibited in connection with synthetic stones. Weight may only be stated in grams rather than carats.

 

Storm Mountain Diamonds will place its Kao mine in Lesotho on care and maintenance from July 1 after weak diamond prices, rising diesel costs, competition from lab-grown diamonds, and funding needs made operations uneconomic. Confirming media reports, the company said the move will affect about 750 workers, with a small team retained to maintain the mine.

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Signet Jewelers reported sales increased 0.7% year on year to $1.55 billion in the fiscal first quarter ending May 2, with same-store sales up 1.8%. Net income declined 5% to $31.7 million as costs rose, while the company lifted the lower end of its full-year revenue guidance to $6.7 billion from $6.6 billion.

 

Hong Kong’s sales of jewelry, watches, clocks and valuable gifts rose 20% year on year in April, according to the Census and Statistics Department. Overall retail sales increased 9%, with the department attributing the growth to economic expansion, rising tourism and resilient local consumer spending.

 

Swiss watch exports fell 17% year on year to CHF 2.13 billion ($2.7 million) in April, according to the Federation of the Swiss Watch Industry. Exports of precious metal watches declined 24% to CHF 721.7 million ($915 million), while shipments to the US, the industry's largest market, dropped 56%.

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Trans Atlantic Gem Sales (TAGS) reported strong demand for larger rough diamonds at its latest Dubai tender, with an 80% sell-through rate driven by interest in stones above 10 carats. The company said larger diamonds continue to outperform the market, while smaller goods remain price-sensitive amid weak demand, geopolitical uncertainty and growing competition from lab-grown diamonds.

 

Alrosa has raised RUB 30 billion ($412.8 million) through an exchange-traded bond issue on the Moscow Exchange. The company said the funds will be used for general corporate purposes, refinancing existing debt, and extending the maturity of its debt portfolio, the company said.​