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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.
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.
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.
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 […]
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).
Revenue for the group that includes Kering’s jewelry brands grew 32 percent in the first half of 2022.
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.
The company upped its 2022 production guidance despite warning of a potential slowdown in diamond jewelry sales. Here’s why.
The luxury conglomerate said Bulgari’s “Eden: The Garden of Wonders” and Tiffany’s “Blue Book” collections set records.
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.
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.
Press release – De Beers Group [announced August 31] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the seventh sales cycle of 2022.