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The global downturn is a bigger challenge for the market than the war is, says bourse president Boaz Moldawsky. October 7 was supposed to be a joyous day for Boaz Moldawsky, president of the Israel Diamond Exchange (IDE). His daughter gave birth at 11 p.m. the night before. The Hamas attack on Israel started early […]
Louis Vuitton Jewelry LV Diamonds Collection Illustrating the forces of attraction that unite diamonds and Louis Vuitton jewelry, the new LV Diamonds collection, designed by Francesca Amfitheatrof, celebrates the universal aura of diamonds, expressed through an exclusive cut – the LV Monogram Star – specially created for the Maison. In an innovative move, the collection […]
Kering saw robust sales in its jewelry and watch divisions in 2023, even as a “trying year for the group” led to a downturn in other segments, it said. Sales at Kering’s “other houses” category — which includes jewelry and watches as well as other fashion products — slipped 9% on a reported basis to […]
Isabelle Hossenlopp On October 26, 2023, the Ministry of the Economy, Finance and Industrial and Digital Sovereignty re-examined Decree N° 2002-65 of January 14, 2002 (Article 4) at the request of an operator involved in the synthetic diamond trade. The operator wanted to see a change in the terminology applied to synthetic diamonds. The decision […]
Grading lab Gemological Science International (GSI) has seen an increase in undisclosed laboratory-grown brown, yellow, and pink diamonds infiltrating the natural diamond supply chain. The undisclosed synthetics are often sold mounted, mixed in with natural colored diamonds in jewelry, says Debbie Azar, cofounder and president of the New York City–based lab. She notes that “most […]
He brings more than three decades of experience in global luxury, fashion, and jewelry retail. Carlsbad, Calif.—The Gemological Institute of America (GIA) has added François Delage to its board of governors. Delage has more than three decades of experience in global luxury, fashion and jewelry retail. Most recently, he was the CEO of high-end real […]
De Beers Group was in the news this week. 85% shareholder Anglo American published its fourth quarter and full year production report this week, which gave us a gentle reminder as to the declines experienced in the diamond market in 2023. Here are the key De Beers numbers: – Sales volume -19% to 27.4 million […]
Neither Louis Braille – who invented tactile writing for the blind in 1821 – nor Samuel Morse – who developed Morse code in the 1930s – could have imagined that their avant-garde idea would one day be used to write messages in diamonds. However, that’s the brilliant idea of a group of designers spotted by […]
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €86.2 billion in 2023, equating to organic growth of 13% with respect to 2022.
Israeli lab-grown diamond producer Lusix made a splash when it entered the jewelry business in 2022—with a large presence at JCK Las Vegas and the announcement that LVMH Luxury Ventures had contributed to a funding round.
Rapaport’s “People of the Year” reflect the broad range of challenges affecting the trade — and some of the solutions.
As with every year, we have compiled our list of the diamonds that made headlines in 2023, including five rough stones that miners unearthed and five polished pieces that appeared at auction.
