2023: New record year for LVMH
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.
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Lusix, Much-Touted Lab-Grown Diamond Producer, Shifts Strategy
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.
The Individuals Who Shaped the Diamond Industry in 2023
Rapaport’s “People of the Year” reflect the broad range of challenges affecting the trade — and some of the solutions.
2023’s Biggest, Most Valuable and Most Buzzworthy Diamonds
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.
Mixed results for the US market
Tenoris CEO Edahn Golan’s review of the US jewelry market’s performance in 2023: a mixed bag of results.
Italian Grading Lab Warns of Synthetic-Diamond Scam
Italian gemological lab Gem-Tech has warned the trade that a number of lab-grown diamonds circulating in the country are being sold as natural.
What to learn from 2023 and look out for in 2024
In this fascinating Rapaport podcast episode, Editor-in-Chief Joshua Freedman and senior journalist Leah Meirovich – both experts in the diamond world – share their thoughts on the past year and what lies ahead for 2024.
Anglo American Tipped as Takeover Target
(IDEX Online) – Anglo American, parent company of loss-making De Beers, is being tipped as a takeover or merger target after its valuation dropped by over $30bn in under two years.
Largest New Diamond Mine of the Decade Coming Online in Angola
The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
Pantone’s 2024 Color of the Year Is Just Peachy
Pantone has unveiled its 2024 Color of the Year—Peach Fuzz (13-1023), which it called a “velvety gentle peach tone whose all-embracing spirit embraces the mind, body, and soul.”
Podcast: Selling the Botswana Story
Nicholas Moltke came on the Rapaport Diamond Podcast to explain why now is the right time to launch Botswanamark, the former De Beers executive’s single-source brand targeting US consumers.
2024 Market Outlook: A Volatile Year Ahead?
The American economy defied pundits’ predictions of a recession in 2023, but the outlook is considerably murkier for the new year. Some economists and market analysts believe a downturn in 2024 is likely.
