IDEX Online - Polished Market Polished Market
- Swarovski Cuts 400 Jobs at Austria HQ
on 20 November 2025 at 5:00 amSwarovski is to cut around 400 jobs at its headquarters in Austria and to reduce pay and working hours there for the remaining 2,100 staff. The family-run company, founded in 1895, blamed weaker sales to other companies rather than direct sales to...
- KP on Brink of New "Conflict Diamond" Definitionon 19 November 2025 at 12:00 pm
The Kimberley Process (KP) could announce a proposed redefinition of "conflict diamonds" on Friday (21 November). Members meeting at the five-day plenary in Dubai this week are discussing a broader definition, one likely to include state actors in ...
- India's Polished Exports Fall Sharply in Octoberon 19 November 2025 at 7:00 am
India's cut and polished exports fell sharply in October to $1.026bn, down 27 per cent year-on-year and down 25 per cent on the previous month, according to new figures from GJEPC (Gems and Jewellery Export Promotion Council). Exports peaked...
- China Ends VAT Concession for Diamondson 19 November 2025 at 4:00 am
China has ended concessions on diamond imports and is now charging 13 per cent VAT. The move applies specifically to diamonds - both natural and lab grown - traded through the Shanghai Diamond Exchange (SDE), but since it is China's sole authorized...
- $20m Pink Diamond Pulled from Sotheby's Saleon 18 November 2025 at 6:00 am
The Glowing Rose, a 10.08-carat vivid pink diamond that was expected to sell for around $20m was pulled from Sotheby's High Jewelry Sale in Geneva last week. It was withdrawn prior to the sale on 12 November. A notice on the Sotheby's website simply said...