L.A. Precious Metal Biz Pleads Guilty to Not Filing 8300s

On Dec. 19, Alex and Sam Nguyen, the husband-and-wife owners of a precious metal business in Los Angeles’ jewelry district, pleaded guilty to one...

“Grandfathered” Diamonds Can Still Enter U.S., Says OFAC

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) recently renewed a general license that allows importers to bring older diamonds into...

Claire’s Reaches Deal to Sell Most North American Stores

Claire's has reached an agreement to sell as many as 950 of its North American stores to private equity firm Ames Watson. (more…)

Tariffs Putting Gemstone Market Under Threat, AGTA Says

U.S. tariffs are the biggest threat to the colored gemstone industry the American Gem Trade Association (AGTA) has ever seen, the group’s CEO John...

Whiplash! Court Reinstates Trump Tariffs (for Now)

As expected, a federal appeals court has temporarily reinstated the bulk of President Trump’s tariffs, less than 24 hours after the U.S. Court of...

Alex and Ani Claims It’s Too Poor to Pay Designer, Suit Says

Designer Pamela Love has filed a lawsuit against Alex and Ani’s owners, claiming the charm company owes her millions, in a case that could hinge on...

MLM Jeweler Settles With Washington State Over “Pyramid” Allegations

Paparazzi Accessories, a multilevel marketing (MLM) company specializing in jewelry, has agreed to pay $1.9 million and change its business practices...