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The diamond and jewelry industry is seeing a surge of interest in traceability programs as companies throughout the pipeline seek to avoid Russian supply. So says Sarine Technologies CEO David Block.
Launched in 2016 during the 37th World Diamond Congress in Dubai, organized by the WFDB and the IDMA, the Young Diamantaires group now has almost 500 members from the industry’s ‘young guard’ across all market segments. To have a better understanding of this group and its objectives, and to present their fundraising project for the […]
The recent geopolitical storm pushed De Beers to accelerate the expansion of its blockchain platform, chief brand officer David Prager told Rapaport News.
Nongovernmental organization Resolve has launched a project to rehabilitate land affected by artisanal and small-scale diamond mining in Africa.
At [the sight of May 2nd’s week] in Botswana, De Beers offered all its sightholders diamonds whose origins can be tracked through the pipeline, through its blockchain-based Tracr platform.
The UK has imposed heavy tariffs on Russian diamonds as it attempts to up the pressure on President Vladimir Putin following the country’s invasion of Ukraine.
The Russian invasion of Ukraine is changing the diamond industry’s governing dynamics. The last time something similar happened was after 9/11, when the American Congress adopted the Patriot Act in October 2001. Global business fundamentals had to change including for the diamond and jewelry industries. As a result, the Kimberley Process was born in 2003 […]
A new service through the Gemological Institute of America (GIA) aims to help jewelry business owners and consumers looking to source their diamond before making a purchase, creating a verifiable point of origin for the stone.
The Responsible Jewellery Council (RJC) has appointed vice chairman John Hall to serve as interim executive director.
The Responsible Jewellery Council (RJC) finally broke its silence on Alrosa’s membership. The organization was forced to respond after such prominent members including Richemont, Kering, Pandora and Watches of Switzerland withdrew from the organization in protest of the Russian company’s continued involvement. Executive director Iris Van der Veken quit her job over the issue.
Two more luxury brands have curtailed their involvement in the Responsible Jewellery Council (RJC) as the fallout from the Russia-Ukraine war continues.
The Russian diamond miner’s membership had been a point of contention, causing major companies to leave the organization.
