By Brecken Branstrator
The watch world was front and center this week as the Baselworld show took place in Switzerland, wrapping up on Thursday, and Apple announced that it was dropping the price of the Apple Watch Sport by $50.

Two significant gemstones also took the spotlight, as Sotheby’s announced it would sell a 9.54-carat fancy deep blue diamond that once belonged to Shirley Temple and Christie’s revealed the 15.99-carat “Jubilee Ruby” it will put up for auction in New York next month.

Meanwhile, the Diamond Empowerment Fund revealed two more honorees it will recognize at its “Diamonds Do Good” gala in Las Vegas this June and Signet Jewelers reported an increase in comps for the full year, buoyed by strong diamond fashion jewelry sales in the fourth quarter.

Get the Daily News >
National Jeweler

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.