The R&M “Lettre”

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 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.

The bridal sector hopes the momentum will last following the busiest year for nuptials in almost four decades.

Sarine Technologies’ sales fell last year as the diamond market’s global slowdown led to a reduction in polished manufacturing at Indian factories.

The company is going underground at the A21 open pit, a move that will help extend the mine’s life into early 2026.

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.

The money went to individuals in diamond mining and manufacturing communities in Africa, India and Canada.

From inflation to lab-grown diamonds, jewelry industry experts Paul Zimnisky and Sherry Smith share their predictions for the year ahead.

Dear readers, There is a lot of discussion about responsibility, honesty and the big issues ahead in this first Lettre of March!

Manufacturers are split on whether small diamonds deserved such a sharp increase.

Step aside, rounds; fancy shapes are making their mark on bridal consumers.

US couples spent 3% less on engagement rings last year, as lab-grown diamond center stones gained popularity.