De Beers Will Start Telling “Origin Stories” About Its Diamonds
De Beers is testing a plan to sell diamonds with an “origin story” at 65 stores through the United States.
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Belgium Ready to Restrict Russian Rough, Says Report
A new sanctions package proposed by the European Commission would prohibit Russia from importing rough and polished diamonds into Belgium and other EU countries after January 2024, according to a report in Reuters.
Kimberley Process Has a Failure to Communiqué
It was midnight. The annual Kimberley Process (KP) plenary in Victoria Falls, Zimbabwe, had come to a preliminary agreement on its communiqué—which included some 90 items, mostly about administrative matters like choosing Botswana as the home of its much-delayed secretariat. The members of the certification scheme applauded.
De Beers, Sarine Team Up on Diamond-Tracking Solution
De Beers and Sarine Technologies are joining forces to create a system that will let Group of Seven (G7) countries see the full provenance of all diamonds passing through customs.
Is Gem-Cutting a Dying Art?
Amid financial pressures and declining training opportunities, the number of lapidaries is plummeting — but there is cause for hope.
AI is a game changer for the Luxury industry
What does the future of the luxury industry hold? From sales growth to the use of AI in customer relations, Bain & Company’s latest study “A thousand winds that blow” takes stock of the luxury market and its prospects. Here is an exclusive interview with Mathilde Haemmerlé, partner at Bain & Company’s luxury goods division.
WDC President Feriel Zerouki Has a Powerful Vision for the Industry
At the helm of a new era: The De Beers exec plans to make the World Diamond Council more accessible and heighten awareness of responsible-sourcing issues.
De Beers on pace to deliver on ambitious 2030 sustainability goals
2022 sustainability report highlights milestones in climate ambition and ethical leadership of the diamond industry
State of the Diamond Industry: AI and the Future of Diamond Grading
Gemologists have long used machines in diamond grading but technology has made it possible for them to “learn” how to do it on their own.
Lab-grown not cannibalizing natural, says De Beers Chief
Strong lab-grown sales in the bridal category should not overly worry the natural-diamond industry, De Beers cochair Bruce Cleaver argued at a conference in Israel this week.
WJI 2030 joins forces with Global Fashion Agenda
The Watch & Jewelry Initiative 2030 (WJI 2030) has formed an alliance with the Global Fashion Agenda (GFA) to tackle shared social and environmental challenges, the organizations said in a joint statement.
Podcast: the path toward sustainability
Rapaport’s Avi Krawitz chats with Iris Van der Veken of the Watch & Jewellery Initiative 2030 about the organization’s immediate and long-term goals.
