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The UK’s Advertising Standards Authority (ASA) has ruled that Skydiamond may not use advertising with “misleading” terminology that fails to make it clear their diamonds are not natural. The Natural Diamond Council (NDC) filed a complaint with ASA about the ad, which debuted in February 2023 and featured text including, “Say hello to the world’s first and only diamond […]
At the annual conference of the WFDB (World Federation of Diamond Bourses), which brought together the Chairs of the world’s diamond bourses in Shanghai in March, expert Avi Krawitz gave an assessment of how the diamond market has evolved over the last 20 years. Exploring the complex interactions between economics, geopolitics, market fluctuations, new practices […]
What is the latest with the Surat Diamond Bourse? Rapaport Senior Analyst Joshua Freedman assesses the ongoing precarious situation at the brand-new bourse. Intended to eventually compete with the Mumbai Bourse, its Surat counterpart is struggling for both economic and structural reasons. India now has two diamond bourses, Mumbai and Surat. Established in 2010, the […]
Increasing interest rates and energy costs led consumers to reduce their expenses at jewelry shops. In March, sales of finished jewelry and loose diamonds were down 3%, and the average expenditure per unit decreased 3.5% year over year. Lab-grown diamonds – loose and finished jewelry – are facing significant challenges. The increase in the number […]
The European Union’s new sanctions regime is resulting in diamonds being stuck at customs for more than a week and disrupting supply chains, Antwerp dealers have claimed. The ban on Russian diamonds, which went into effect on March 1, requires all goods entering the EU to go for inspection at Antwerp’s Diamond Office, a dedicated customs […]
After a record-breaking 2022, the jewelry sector’s meteoric rise is not over yet. Published this week by Francéclat, the official figures for 2023 are clear cut. With cumulative sales of €5.387 billion, French jewelry production is up 17% on 2022, increase of €750 million! This growth is also reflected in the number of people employed […]
In watchmaking as in jewelry, Cartier has always enjoyed playing around with shapes. It all began with the magical floating hands of a mysterious clock that came out of the House’s workshops, which in turn inspired the creation of dials for round, square, barrel, oval and round-in-a-square watches, as well as the surprising Coussin watch […]
Tiffany & Co. has announced the Tiffany Wonder exhibition in Tokyo, celebrating 187 years of craftsmanship, creativity and the House’s unprecedented diamond heritage. Through 10 rooms, Tiffany Wonder engages visitors in an immersive exhibition that brings together 300 exceptional objects that bear witness to nearly 200 years of Tiffany & Co. heritage. The exhibition ends […]
Sotheby’s will showcase more than 250 iconic jewels from a single collector, including the largest collection of René Boivin pieces ever to come to auction. The jewelry, which was amassed over half a century, will feature at a sale called Iconic Jewels: Her Sense of Style, Sotheby’s said last week. It will take place across […]
Fellow 2005 Founding Member Follows Signet Jewelers Ltd.’s David Bouffard 4th March 2024, London: Today the RJC is pleased to announce that Dave Meleski, President, and CEO of Richline Group, has been elected as the new Chair of the Responsible Jewellery Council (RJC), effective today. The RJC looks forward to the new Chair steering the team […]
G7 representatives have spent the last year crafting sanctions on Russian diamonds, with the hope that all member countries would enact the same requirements. But it hasn’t worked out that way. One thing is the same: On March 1, every G7 nation—the United States, the United Kingdom, Canada, Japan, France, Germany, Italy—and the European Union […]
Paul Zimnisky, a leading diamond industry analyst and consultant based in the U.S., examines the factors impacting natural diamond supply in 2024 and beyond. He provides insights into the current state of the market, the outlook for production and sales, and the potential challenges and opportunities for the industry. Following curtailed rough selling in late-2023 […]