What Signet’s Blue Nile acquisition could mean for the jewelry industry
Here’s why one analyst called it the best deal Signet has done in decades as well as thoughts on the company “getting too big.”
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De Beers CEO “cautious” about U.S. demand in 2nd half
While De Beers—and the jewelry industry as a whole—have enjoyed a strong first half of 2022, the company feels a lot more cautious about the second half, CEO Bruce Cleaver told JCK in an interview Friday [July 29], a day after the release of De Beers’ first-half financial results.
How are jewelry sales? Depends on who’s measuring them
Depending on which sales measurement service you consult, July’s jewelry sales either continued the industry’s unprecedented hot streak or showed that its amazing two-year run was cooling off.
GIA to open lab in Dubai in Mid-2023
Announced earlier [the week of July 25] by the Dubai Multi Commodities Centre, the news comes just as GIA prepares to close its Antwerp facility.
Some countries feel Kimberley Process no longer works: NGO
The United States, the European Union, and allied governments—traditionally staunch supporters of the Kimberley Process (KP)—have grown frustrated with the certification scheme and are questioning whether to continue devoting their current level of resources to it, says Hans Merket, a researcher for the International Peace Information Service (IPIS) and a member of the Kimberley Process Civil Society Coalition […]
Russian diamond amendment included in House Defense Bill
On Thursday [July 14], the House of Representatives passed an amendment aimed at removing Russian diamonds from global markets as part of the National Defense Authorization Act (NDAA).
Boucheron, Pomellato deliver ‘very solid’ performances for Kering
Revenue for the group that includes Kering’s jewelry brands grew 32 percent in the first half of 2022.
First half of 2022: jewelry sales rose, average value soars
Jewelry sales boasted an impressive performance in the first half of 2022. Sales rose nearly across the board – a particularly impressive act against the excellent performance of 2021. However, as the months went by, sales deteriorated until they fell behind in June.
De Beers to mine more diamonds this year than originally planned
The company upped its 2022 production guidance despite warning of a potential slowdown in diamond jewelry sales. Here’s why.
High jewelry shines in first half for LVMH
The luxury conglomerate said Bulgari’s “Eden: The Garden of Wonders” and Tiffany’s “Blue Book” collections set records.
De Beers appoints VP of Code of Origin, trade services
The De Beers Group has appointed industry veteran Ivette Nersesyan-Stephanopoulos as the company’s vice president of code of origin and trade services for North America.
This may be the largest pink diamond found in 300 years
A 170-carat pink Type IIa diamond has been unearthed from an Angolan mine—and is what some are calling the largest pink diamond recovered in the last 300 years.
