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It provides a timeline for the implementation of new restrictions, but no details. Diamonds “mined, processed or produced” in Russia will be prohibited from entering G7 nations beginning Jan. 1, 2024. In March, tighter restrictions will go into effect.
The European Commission (EC) ban on Russian diamonds may target lab-grown stones in addition to mined gems, according to a report from Agence France-Presse, which said it’s seen an advance copy of the EC proposal.
De Beers is testing a plan to sell diamonds with an “origin story” at 65 stores through the United States.
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.
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 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.
Amid financial pressures and declining training opportunities, the number of lapidaries is plummeting — but there is cause for hope.
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.
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.
2022 sustainability report highlights milestones in climate ambition and ethical leadership of the diamond industry
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.
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.
