Educating consumers key to natural diamond sales: NDC
The Natural Diamond Council (NDC) will introduce an educational program for retailers after finding that imparting knowledge to consumers is key to increasing sales of mined stones.
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Lab-grown not cannibalizing natural, says De Beers Chief
Strong lab-grown sales in the bridal category should not overly worry the natural-diamond industry, De Beers cochair Bruce Cleaver argued at a conference in Israel this week.
WJI 2030 joins forces with Global Fashion Agenda
The Watch & Jewelry Initiative 2030 (WJI 2030) has formed an alliance with the Global Fashion Agenda (GFA) to tackle shared social and environmental challenges, the organizations said in a joint statement.
Why do the new Russian diamonds sanctions concern all of us?
Dear readers, This week, our Lettre is as multifaceted as the challenges facing the diamond and jewelry industry.
The auction market is becoming harder to Forecast
Hammering out the details: signed jewels and white diamonds are some of the safer bets for collectors, insiders say.
Podcast: the path toward sustainability
Rapaport’s Avi Krawitz chats with Iris Van der Veken of the Watch & Jewellery Initiative 2030 about the organization’s immediate and long-term goals.
Why further Russian diamond sanctions could be coming
On Feb. 24, the one-year anniversary of Russia’s invasion of Ukraine, G7 leaders vowed to take action to decrease sales of Russian diamonds.
De Beers examining “all options” for Forevermark
De Beers is considering a range of possibilities as it ponders the future of its Forevermark diamond brand, chief financial officer Sarah Kuijlaars tells JCK following the release of the company’s 2022 financial results.
Will the wedding boom continue?
The bridal sector hopes the momentum will last following the busiest year for nuptials in almost four decades.
India manufacturing slump hits Sarine results
Sarine Technologies’ sales fell last year as the diamond market’s global slowdown led to a reduction in polished manufacturing at Indian factories.
Rio Tinto making $40M investment in Diavik diamond mine
The company is going underground at the A21 open pit, a move that will help extend the mine’s life into early 2026.
Russian diamond exports increased after Ukraine invasion, stats show
Despite U.S. sanctions, Russian diamond sales rose after the Ukraine war began, according to Kimberley Process (KP) statistics for the first half of 2022.
