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Rapaport Magazine breaks down the leading options on the market, from physical tracers to user-driven blockchains. Technology firms have been tackling the challenge of diamond traceability for many years. Now that interest in tracking systems is growing, tech providers are pushing their solutions, which tend to fall into three categories: systems that match the diamond […]
Antwerp industry veteran Isidore (Isi) Mörsel joined the Rapaport Diamond Podcast to share the inside story on the urgent and controversial issues affecting the Belgian and global diamond trades. Mörsel, director of manufacturer Dali Diamond and president of the board of the Antwerp World Diamond Centre (AWDC), related how the city was originally on course […]
Lucara Diamond Corp. has recovered a massive diamond weighing 1,094 carats from its Karowe mine in Botswana, the second over 1,000 carats in the last month. The “extraordinary” stone was detected during the processing of kimberlite from the EM/PK(S) portion of Karowe’s south lobe, known for yielding large, high-value diamonds, Lucara said Monday. The diamond […]
Factories focus on melee amid slump in demand for larger sizes. The Indian diamond industry has a habit of using vacation seasons to reset the market. The main time for this is Diwali, when factories shut down for longer or shorter stints depending on demand levels. August is a less significant closure period, but it […]
Tiffany & Co. has teamed up with the CFDA to present American jewelry designers with a new award. Inclusivity, excellence and innovation are the key criteria used to select the winner. Tiffany & Co. x CFDA Jewelry Designer Award While Cartier’s “Talents Horlogers de Demain” prize honors young apprentice watchmakers from Switzerland, France and Germany, with applications […]
The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has issued two general licenses that will allow the import of previously banned “grandfathered” diamonds in the United States. The term “grandfathered” refers to rough or polished diamonds that were mined in Russia or whose origin cannot be determined, but were purchased prior to the implementation […]
The Antwerp World Diamond Centre (AWDC) has reelected Isidore Mörsel as president of its board, following a brief first term at the helm. The AWDC first appointed Mörsel, the CEO of Dali Diamond Company, in October, to succeed David Gotlib, who resigned in September. The organization held its board elections two weeks ago, it said Friday. He will serve […]
The natural diamond industry navigated a challenging 2023. Demand was impacted by the bridal catch-up effect after COVID-19 restrictions eased, macroeconomic headwinds, and increasing demand for lab-grown diamonds (LGDs), particularly in the US. In addition, short-term supply was affected by changes in midstream and downstream stock levels. This resulted in a weakening of the value […]
The jewelry house announces the arrival of Catherine Rénier to head up its business. One appointment comes head on the heels of another at Richemont. Following the announcement of a new CEO at Cartier, the Swiss luxury group has announced the arrival of Catherine Rénier at the helm of another of its Maisons, Van Cleef & Arpels. After serving as […]
Richemont and LVMH are well positioned to increase their brands’ influence over the industry. Last year was a big one for luxury jewelry companies. Several brands celebrated milestones, launched new collections and unveiled physical locations, which further elevated their status among high-end consumers. The luxury houses walk a fine line between the past and present, […]
The jewelry Maison, which belongs to the Richemont luxury group, has announced the appointment of Louis Ferla as its new CEO. Jumping from one house to another, Richemont is recruiting internally. At the helm of watch manufacturer Vacheron Constantin since 2017, Louis Ferla will take over as head of jeweler Cartier from September 1st this year. […]
SI-clarity goods performed well, but overall trading was mixed. Diamond trading at JCK Las Vegas set a cautious tone as the US consumer market remained uncertain, exhibitors reported. The important fair, which ended Monday, mirrored the mixed trends visible in the sector. Loose-diamond suppliers gave varied reviews, with lab-grown competition continuing to impact sales. Certain […]
