The R&M “Lettre”

Buccellati, Cartier, and Van Cleef & Arpels posted strong sales in the luxury titan’s third quarter.

Israeli equipment maker Sarine Technologies has signed a nonbinding memorandum of understanding to purchase a majority share in New York City–based grading lab Gem Certification & Assurance Lab (GCAL).

Charles Stanley, who has been with the company for more than two decades, will step down at the end of February.

Dear readers, This week, we have put together a Lettre the way we like them! Brimming with varied and useful content to help us better understand the major challenges affecting the diamond industry in 2023 so that we can approach them with confidence.

De Beers has made sharp price changes at this week’s sight, implementing deep reductions in larger goods and increases for smaller stones.

Press release: 1ct. RAPI -1.5% in December; -10.7% in 2022.

Botswana Diamonds is in talks to begin exploration work in Zimbabwe after a previous project in the country failed to materialize, management said last month.

Industry insiders share their New Year predictions and plans for the new year.

The luxury market could grow by up to 8% this year as the industry is well positioned to weather difficult economic conditions, Bain & Company said.

In the spirit of the new year, reflecting on the past and looking toward the future, there’s something to be said about jewelry styles that never seem to lose their relevancy. One that comes to mind instantly is a delicious strand of diamonds—whether rivière, tennis, or multilayer.

As we have done for the past three years, JCK has collected the thoughts of celebrities, industry pros, and just plain folks on the year’s hot topics—everything from lab-grown diamonds to NFTs to the industry post-COVID—and on jewelry in general.

Strong jewelry sales and manufacturers’ desire to secure supply with known provenance pushed rough sales to their highest level since 2018