International News
Despite business closures, jewellery industry shows signs of steadying; JBT
Hundreds more US jewelry businesses ceased trading in Q3, according to the latest update from the Jewelers Board of Trade (JBT), which provides commercial credit information.
The rate of decline remains steady, with the total number of registered retailers, wholesalers and manufacturers down by 3.1 per cent, as it was in Q2, and largely in line with recent quarters.
Ongoing uncertainty around major trade relationships and supply chain risks continued to impact business sentiment. Still, there were signs of measured progress for the jewelry industry.
In the three months to 30 September the number of jewelry businesses fell by 706 to a total of 22,858. That takes account of new businesses as well as ceased operations.
There were 89 new listings during Q3 2025, compared to 112 in Q3 2024, a drop of a fifth. But there were also 100 closures, down a quarter on 136 in Q3 2024.
Overall there were 93 fewer manufacturers, a reduction of 4.2 per cent to 2,096; 96 fewer wholesalers, a reduction of 2.9 per cent to 3,234; and 517 fewer retailers, a reduction of 3.0 per cent to 16,822, according to JBT’s Vital Statistics and Trend Data, published on 4 December.
Although this year may have seen concerning shifts at times economically, the jewelry industry shows signs of steadying according to JBT.
International News
GIA, Gübelin Gem Lab Confirm Rare Tourmaline Discovery In Ethiopia
The Testing Revealed hat While The Stones Exhibit The Signature Electric Blues, Bluish-Greens, Violets, and Purples Typical Of Copper-Bearing Elbaite, Their Trace-Element Profile Is Distinct From South American and West African Counterparts.
Two of the world’s foremost gemological authorities have verified the discovery of a significant new source of rare, copper-bearing tourmaline in Ethiopia, adding a major new supplier to one of the luxury jewelry sector’s most valuable gemstone markets.
Independent testing conducted by the Gemological Institute of America (GIA) and Switzerland-based Gübelin Gem Lab confirmed that newly circulating rough material originates from an Ethiopian deposit and qualifies as the coveted “Paraiba” variety. Historically, supply of the vivid, copper-infused gemstone has been restricted to limited deposits in Brazil, Nigeria, and Mozambique.
Reports of Ethiopian material first emerged across global trading networks in early 2026 as unrefined stones began appearing on international markets. Gübelin acquired and tested roughly 300 rough and cut specimens in May, while the GIA analyzed a parcel of more than 100 stones in July to establish origin baselines.
The testing revealed that while the stones exhibit the signature electric blues, bluish-greens, violets, and purples typical of copper-bearing elbaite, their trace-element profile is distinct from South American and West African counterparts.
Many specimens also display pronounced internal color zoning corresponding to subtle variations in chemical concentration during crystallization.
Both laboratories stated they will continue expanding their reference databases and analytical testing as commercial mining operations mature and additional Ethiopian rough enters the global supply chain.
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