One of National Jeweler’s top stories last week was about this 13.33-carat Type I rough pink diamond that Gem Diamonds sold at tender in Antwerp this month.
New York—Need to catch up on last week’s jewelry news? Here are five stories to get you started.

1. 13-Carat Pink Rough Sells for Nearly $9 Million
It set a price-per-carat record for a diamond recovered from the Letšeng mine in Lesotho.

2. Gem Legacy’s 2019 Goal: Updating a Tanzanian Cutting School
The nonprofit’s latest campaign aims to raise $50,000 to replace all the outdated faceting machines at the Arusha Gem Cutting School.

3. Baselworld Planning More Price Cuts in 2020
It’s one of a number of changes new management has made to resuscitate the watch and jewelry trade show.

4. Tiffany Q4 Sales Dragged Down by Weak Holiday Season
Global sales dipped 1 percent in the fourth quarter, a disappointing ending to an otherwise strong year.

5. Nirav Modi Nabbed, Held on Bail in London
The billionaire fugitive was reportedly arrested in a bank while trying to open an account.

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Fine Jewelry Industry News

Since 1906, National Jeweler has been the must-read news source for smart jewelry professionals--jewelry retailers, designers, buyers, manufacturers, and suppliers. From market analysis to emerging jewelry trends, we cover the important industry topics vital to the everyday success of jewelry professionals worldwide. National Jeweler delivers the most urgent jewelry news necessary for running your day-to-day jewelry business here, and via our daily e-newsletter, website and other specialty publications, such as "The State of the Majors." National Jeweler is published by Jewelers of America, the leading nonprofit jewelry association in the United States.