Why further Russian diamond sanctions could be coming
On Feb. 24, the one-year anniversary of Russia’s invasion of Ukraine, G7 leaders vowed to take action to decrease sales of Russian diamonds.
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On Feb. 24, the one-year anniversary of Russia’s invasion of Ukraine, G7 leaders vowed to take action to decrease sales of Russian diamonds.
Despite U.S. sanctions, Russian diamond sales rose after the Ukraine war began, according to Kimberley Process (KP) statistics for the first half of 2022.
The money went to individuals in diamond mining and manufacturing communities in Africa, India and Canada.
This year, the Federal Trade Commission (FTC) will start revising its “Green Guides,” which lay out rules for environmental marketing claims.
Traceability has become a central issue in the diamond and jewelry industry, with the Russia-Ukraine conflict accelerating demand for source-verification programs. Frederik Degryse, CEO of iTraceiT, a new platform that aims to validate a diamond’s origin and journey, discusses these trends with Rapaport Senior Analyst Avi Krawitz on the latest episode of the Rapaport Diamond […]
Press release – The Watch & Jewellery Initiative (WJI) 2030 announced a new collaboration with the United Nations Global Compact launching a Small Medium Enterprise (“SME”) SDG 2030 Solutions Lab.
As Russia’s invasion of Ukraine enters its second year, the United States is looking to tighten its regulations on Russian diamonds—and eliminate the rule that allows the importation of Russian-mined diamonds cut and polished elsewhere.
Press release – World Jewellery Confederation President Gaetano Cavalieri has announced the establishment of the CIBJO Academy, which will be responsible for the preparation and delivery of educational programmes and materials, suitable for jewellery professionals and the consuming public, about standards, operating principles and terminology developed within CIBJO’s various commissions and expert committees.
The third cohort of the Emerging Designers Diamond Initiative includes six designers who share a love of authenticity, a natural wanderlust, a commitment to size inclusivity, and a desire to create jewelry that is both beautiful and empowering.
The jewelry and fine jewelry Maison, Chaumet has just launched the Echo Culture Awards in January 2023. This is an original humanistic and committed initiative to assist women in France develop and promote cultural projects that ‘create social links’ and target audiences who have some difficulty in reaching culture.
The Responsible Jewellery Council (RJC) has appointed writer and curator Melanie Grant as its executive director, 10 months after the Russia crisis left the standards organization without a permanent leader.
The company that owns an 80 percent stake in the Antwerp-based lab reportedly believes it is worth more than $200 million.