International News
Rare Colored Gems Take Center Stage at Bonhams Hong Kong Auction
A dazzling array of colored diamonds and rare gemstones will headline Bonhams’ upcoming Jewels and Jadeite sale in Hong Kong on May 22, with standout pieces expected to fetch up to HKD 5 million ($640,000).
Leading the sale is a striking pink diamond ring featuring a 1.08-carat, fancy vivid pink, internally flawless diamond. The modified shield brilliant-cut stone is mounted in a contemporary setting and surrounded by 13.90 carats of round brilliant and tapered baguette-cut diamonds.
Also among the top highlights:

- The Kat Florence Lumina, an unmounted 181.61-carat cushion-cut greenish-blue Paraiba-type tourmaline, shares the spotlight with the pink diamond, both carrying an estimate of HKD 5 million ($640,000).

- A pair of ruby and diamond earrings by Harry Winston, with center rubies weighing 6.98 and 6.96 carats, is expected to fetch up to HKD 3.8 million ($490,000).

- A ruby and diamond fringe necklace, showcasing 44 oval Burmese rubies totaling 49.09 carats and a prominent pendant ruby, could reach HKD 2.8 million ($360,000).

- A 7.03-carat fancy vivid yellow diamond ring, internally flawless, is estimated at HKD 2.5 million ($320,000).

- A Cartier panther bracelet, set with 18.10 carats of diamonds, 12 carats of sapphires, emerald eyes, and an onyx nose, also carries an estimate of HKD 2.5 million ($320,000).

- A 15.06-carat orange-red Tanzanian spinel ring, flanked by diamonds, may achieve HKD 2 million ($260,000).

Rounding out the top lots are several vibrant yellow and Paraiba tourmaline rings, each estimated between HKD 1.5 million and HKD 1.9 million ($190,000–$240,000).

Renowned names such as Harry Winston, Cartier, and Bulgari will be represented, offering collectors a rare chance to acquire exceptional pieces from leading design houses.
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.
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.
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