EU sanctions are back on the table. Will they work?
The bloc is considering a quota or other restrictions on Russian diamonds. Industry members and politicians claim only a global effort will have an impact.
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Holiday sales miss target as inflation dents spending
US retail sales saw slower-than-expected growth during the recent holiday season amid inflation and high interest rates, according to the National Retail Federation (NRF).
De Beers slashes prices of larger rough diamonds
De Beers has made sharp price changes at this week’s sight, implementing deep reductions in larger goods and increases for smaller stones.
What’s the forecast for 2023?
Industry insiders share their New Year predictions and plans for the new year.
Luxury more resilient than during 2009 crash – Bain
The luxury market could grow by up to 8% this year as the industry is well positioned to weather difficult economic conditions, Bain & Company said.
The 40 best jewelry-related quotes of 2022
As we have done for the past three years, JCK has collected the thoughts of celebrities, industry pros, and just plain folks on the year’s hot topics—everything from lab-grown diamonds to NFTs to the industry post-COVID—and on jewelry in general.
De Beers to offer more rough to African factories
De Beers plans to allocate more of its rough to manufacturing units in Africa next year, according to sightholders, resulting in less supply for other cutting operations amid a drop in the miner’s overall output.
Why is De Beers giving Sightholders a 1-year reprieve?
De Beers has extended its sightholder contracts by one year, a reflection of what it calls “uncertainty” in the market.
In shaky market, small diamonds are winning
Melee goods — and the rough that produces them — are outperforming larger sizes due to strong luxury demand and a supply squeeze.
Webinar: Dealing with uncertainty
The diamond industry is navigating a drop in demand and a rise in supply that is weighing on polished prices at the start of the holiday season.
Del Gatto financing Sierra Leone diamond mine
The Del Gatto Diamond Finance Fund recently signed an agreement to supply working capital for the Tongo diamond mine in Sierra Leone.
The evolution of De Beers’ strategy
Bruce Cleaver had a very focused “to do” list when he took over as De Beers CEO in July 2016. Having previously worked on strategy and business development at the company, as well as at parent Anglo American, he recognized De Beers’ need to evolve, and to protect it from the increasing volatility evident in […]
