GJEPC elects Vipul Shah new chair
Vipul Shah, who has served as vice chairman of India’s Gem & Jewellery Export Promotion Council (GJEPC) for the last two years, was recently elected the group’s new chair.
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The state of India
The world’s largest manufacturing center is relatively upbeat about the domestic jewelry market ahead of Diwali, but it is less optimistic about global prospects.
US wholesale: diamonds proving to be bright spot
Bridal remains a likely driver of holiday results amid growing fears of recession.
Actress Lily James is new face of diamonds
The Natural Diamond Council (NDC) has launched a new advertising campaign ahead of the holidays, signing up British actress Lily James as its global ambassador.
Why Memo is good for the trade
In our security-dominated lifestyle, where completing a simple transaction usually requires a username and password, facial recognition, or some other form of technology, it is almost refreshing to see that the memo — a practice nearly as old as the jewelry industry itself — is alive and well.
De Beers CEO “cautious” about U.S. demand in 2nd half
While De Beers—and the jewelry industry as a whole—have enjoyed a strong first half of 2022, the company feels a lot more cautious about the second half, CEO Bruce Cleaver told JCK in an interview Friday [July 29], a day after the release of De Beers’ first-half financial results.
How are jewelry sales? Depends on who’s measuring them
Depending on which sales measurement service you consult, July’s jewelry sales either continued the industry’s unprecedented hot streak or showed that its amazing two-year run was cooling off.
First half of 2022: jewelry sales rose, average value soars
Jewelry sales boasted an impressive performance in the first half of 2022. Sales rose nearly across the board – a particularly impressive act against the excellent performance of 2021. However, as the months went by, sales deteriorated until they fell behind in June.
De Beers appoints VP of Code of Origin, trade services
The De Beers Group has appointed industry veteran Ivette Nersesyan-Stephanopoulos as the company’s vice president of code of origin and trade services for North America.
The new digital dawn of post-pandemic retail
Retail has shifted since the start of Covid-19, and the drive toward digital has become more pronounced. Some 90% of jewelry retailers now have online platforms, according to Bain & Company’s Global Diamond Industry 2021–22 report. “The pandemic rapidly accelerated e-commerce, even for independent US retailers,” it states.
Nonprofit urges Europe to outlaw Russian diamonds
The European Union should ban Russian diamonds in its next sanctions package, German nonprofit Transparency International said the [week of July 4] in an open letter to officials.
Major countries ban import of Russian gold
The US, UK, Canada and Japan have placed sanctions on the import of Russian gold in an effort to eliminate revenue used to fund President Vladimir Putin’s war on Ukraine.
