Boucheron, Pomellato post ‘outstanding’ year for Kering
The luxury titan’s revenue was up 15 percent year-over-year, though sales slipped in the fourth quarter.
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Podcast: the Importance of tracking your Diamond
Traceability has become a central issue in the diamond and jewelry industry, with the Russia-Ukraine conflict accelerating demand for source-verification programs. Frederik Degryse, CEO of iTraceiT, a new platform that aims to validate a diamond’s origin and journey, discusses these trends with Rapaport Senior Analyst Avi Krawitz on the latest episode of the Rapaport Diamond […]
Tiffany creative director exits Company
Ruba Abu-Nimah has left her position as executive creative director for marketing and communications at Tiffany & Co., according to news sources.
De Beers’ Cleaver: Lightbox was “one of the scariest things I’ve ever done”
In part 2 of our exit interview with De Beers CEO Bruce Cleaver, he reviews the big events of his tenure, from Nirav Modi’s implosion to the COVID-19 pandemic to De Beers’ still-controversial introduction of lab-grown brand Lightbox.
WJI 2030 launches SME SDG 2030 Solutions Lab with United Nations Global Compact
Press release – The Watch & Jewellery Initiative (WJI) 2030 announced a new collaboration with the United Nations Global Compact launching a Small Medium Enterprise (“SME”) SDG 2030 Solutions Lab.
The industry’s Russia crisis: the importance of Alrosa
The diamond market has yet to feel the full effect of the war in Ukraine. Initial predictions pointed to a potential supply shortage that would result from having Alrosa, with its large share of global rough production, off the market. However, those scarcities have not emerged significantly.
Focus on rough diamond procurement
Dear readers, This week we return to the issue of rough diamonds and their impact on the entire market. The relationship between supply and demand in the diamond industry is always a matter of considerable speculation; both the position and choices of the main mining companies are key for this sector where having access to […]
Exit interview with De Beers CEO Bruce Cleaver (part 1)
In two weeks [February 20], Bruce Cleaver will step down as De Beers CEO, after six years in the role. His replacement will be energy executive Al Cook.
U.S. seeks to tighten rules on Russian diamonds
As Russia’s invasion of Ukraine enters its second year, the United States is looking to tighten its regulations on Russian diamonds—and eliminate the rule that allows the importation of Russian-mined diamonds cut and polished elsewhere.
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.
Sales decline at De Beers’ first sight of 2023
De Beers saw a slowdown in rough sales at its January sight, as clients were hesitant to buy at the start of the year.
De Beers Group rough diamond sales for cycle 1, 2023
Press release – De Beers Group [announced February 1] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2023.
