International News

Emerald and Diamond Pendant to Headline Phillips’ Geneva Jewellery Auction

Published

12 months ago

November 8, 2025

A stunning emerald and diamond pendant featuring a 26.95-carat oval emerald is set to be the star attraction at Phillips’ upcoming Geneva Jewels: Online Auction on November 13, where it carries an estimated price of CHF 32,000 ($39,900).

The pendant is surrounded by 3.50 to 5.50 carats of diamonds, graded H to J in color and VS1 in clarity, making it one of the most anticipated pieces in the sale. The auction will feature 139 exquisite lots, including colored gemstones and creations from Cartier, Chanel, and Boucheron.

A ruby and diamond necklace showcasing approximately 22 carats of Burmese rubies and up to 9 carats of diamonds, valued at CHF 28,000 ($34,700).

A Chanel Camélia wristwatch featuring twin floral motifs with a 1.59-carat diamond and calibré-cut ruby petals, estimated at CHF 28,000($34,700).

This ring bears a 1.56-carat Colombian emerald, octagonal step-cut, in a surround of marquise-cut diamonds. It has an upper price of CHF 30,000 ($37,700).

A pair of Colombian emerald earrings weighing 5.11 and 5.17 carats each, accented with 8 carats of diamonds, carrying an upper estimate of CHF 26,000 ($32,700).

Phillips’ Geneva auction reaffirms the continued global demand for rare gemstones and heritage luxury designs, offering collectors an impressive blend of vintage elegance and modern craftsmanship.

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International News

US Jewellery Companies Continued To Shrink In The Third Quarter:JBT

During Q3, Business Closures Dropped To 116 Compared To 126 In The Prior Year’s Third Quarter, Driven By 88 General Operational Cessations, 28 Acquisitions Or Mergers, and Zero Bankruptcies.

Published

1 day ago

October 31, 2026

JewelBuzz Spread The Buzz

The number of active US jewelry companies continued to shrink in the third quarter, but at a slower pace than a year ago, according to the latest data from the Jewelers Board of Trade (JBT).The US jewelry industry continued its structural consolidation through Q3, though the pace of business closures showed signs of stabilizing compared to the previous year. Data from the Jewelers Board of Trade (JBT) reflects ongoing consolidation across retail, wholesale, and manufacturing, coupled with heightened credit volatility.

Key Data & Metrics

Nationwide, the active business footprint stands at 21,831 companies, reflecting a 1.4% year-over-year decline. During Q3, business closures dropped to 116 compared to 126 in the prior year’s third quarter, driven by 88 general operational cessations, 28 acquisitions or mergers, and zero bankruptcies. Meanwhile, new market entrants also slowed, with 67 new business openings recorded in Q3 down from 89 during the same period last year.

Sector-by-Sector Breakdown

Sector	Active Count	YoY Change	Impact Summary
Retailers	16,564	-1.5%	Makes up the majority of the sector; experienced the largest net store count reduction.
Manufacturers	2,061	-1.7%	Steepest percentage decline among all segments.
Wholesalers	3,206	-0.9%	Relatively stable, holding the mildest contraction rate.

Credit & Financial Health Trends

The JBT report highlights dynamic shifts in creditworthiness across US and Canadian businesses, signaling bifurcated financial health:

Credit Downgrades: Jumped sharply to 1,655 (up from 620 in Q3 of the prior year).
Credit Upgrades: Rose significantly to 1,480 (up from 551 in Q3 of the prior year).

While net business closures are tapering off, high numbers of simultaneous upgrades and downgrades point to a split market where resilient operators are strengthening their positions while vulnerable businesses face tighter financial pressures.