Day: 23 December 2025

The Gemological Institute of America (GIA) is set to unveil redesigned coloured stone reports and enhanced origin-determination services from 1 January 2026. These updates aim to improve clarity in gemological information for both professionals and consumers. The new services will include the ability to trace the origins of opal, peridot, and garnet, alongside existing options for other precious stones. Accompanying the report redesign, GIA will revise weight categories and fees for coloured stone submissions, based on extensive research involving 32,000 samples.

Austin, once synonymous with music and culture, is rapidly transforming into a major business hub, attracting notable players like Tesla and Oracle, who have shifted their headquarters to the Texas capital. This influx of corporate investment is fostering an expansion in the luxury retail sector, with high-end brands establishing a presence in the city. As Austin draws tourists with its vibrant events and burgeoning tech industry, the city is not only reshaping its economic landscape but also enhancing its appeal as a premier destination for business and leisure alike.

Tudor USA has announced an average price increase of just over 4% across its watch range for the coming year, with notable hikes for certain models. The gold Black Bay 58 will see the largest rise at 7.9%, while simpler steel models will be capped at below 5%. This marks Tudor’s third price adjustment within a year, reflecting ongoing inflationary pressures and shifting tariff landscapes. In tandem, parent company Rolex plans a 7% average price increase, underscoring the evolving dynamics in the luxury watch market as Swiss manufacturers adapt to economic challenges.

Pragnell has achieved remarkable growth in the 2024-25 financial year, recording sales of £100.5 million, making it the sixth largest jeweller in the UK, surpassing both Bucherer and Rolex. Despite this success, operating profits have seen a decline of 11% to £8 million, attributed to rising costs as the company expands its retail operations. Following a strategic shift in focus post-Brexit, 86% of sales now come from domestic customers. The recent launch of The Embassy showroom in Stratford-Upon-Avon highlights Pragnell’s commitment to luxury, showcasing prestigious brands and innovative offerings, as the company continues its evolution in the competitive jewellery market.

Aston Martin Aramco Formula One Team has launched its inaugural watch and jewellery collection, blending the thrilling world of motorsport with luxury design. The standout piece, the DWF watch, boasts a carbon fibre case and features dual square counters, enhanced by vibrant race-inspired colours. Complementing this are silicone BAT bangles showcasing the team logo in striking hues. This new range aims to encapsulate the brand’s heritage while embracing modern elegance, appealing to both automotive enthusiasts and style aficionados globally.