Diamond Developments You Should Be Following, Week of Aug. 10

L.A. salesman robbed of diamonds and pearls, Indian company in synthetics flap is suing bourse, and other stories on the industry’s radar this week.

–  L.A. salesman assaulted and robbed of almost $1 million in jewels in parking lot.

– Big layoffs in Botswana cutting industry. The diamond business “needs an overhaul.”  De Beers’ Paul Rowley says look to long term. More diamonds head to India as China cools (video). 

– U.S. government uses drones to monitor African mining.

– Indian company accused of misrepresenting synthetics files defamation suit.

– Jamaal Charles drops $200K on diamond chains, pendants, and watches.

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JCK News Director