Alrosa quits RJC board over Ukraine crisis
Alrosa has voluntarily stepped down as vice chair of the Responsible Jewellery Council (RJC) in light of Russia’s war in Ukraine, the standards authority announced Thursday [March 3].
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Should the industry still sell Russian goods?
Just before Russia’s invasion of Ukraine, diamond miner Alrosa—which is 33% owned by the Russian government—released its latest sustainability report, which talks about helping communities, respecting the environment, and prioritizing social responsibility.
U.S. sanctions target Alrosa and its CEO
On Thursday [February 24], the U.S. Treasury announced a long list of sanctions against Russia, with some taking aim at state-owned diamond miner Alrosa and its CEO, Sergey S. Ivanov.
Global crisis: what are the consequences for the diamond industry?
Dear Readers, How can we not talk about the war in Ukraine? And what should we say about it? Since ALROSA is the largest supplier of rough diamonds by volume, our industry can only expect to experience economic repercussions.
Crazy, scarce rough
The diamond market is in a Mexican standoff, one diamantaire observed with an air of bewilderment in a conversation [during the week of February 21]. No one knows who’s going to move first — buyers who have orders but lack urgency or suppliers who are at times unwilling to sell because they expect to get […]
A seller’s market
Miners can’t deliver product fast enough as US retail demand strengthens, driving up diamond prices.
De Beers raises prices of smaller diamonds
De Beers lifted prices of smaller rough at [the sight during the week of 21st February], its second consecutive increase, as the industry continued to express concerns about a perceived mismatch with polished.
Swiss watch market grows as US demand persists
Swiss watch exports rose strongly in January as US demand supported the sector amid a downturn in orders from China.
These are the top diamond engagement ring trends for 2022
From diamond shapes, carat weights, and ring settings to men’s wedding band trends, experts delve into all things bridal jewelry.
Kering reports ‘exceptional’ year for jewelry
Kering saw strong sales in its jewelry and watch divisions in 2021 as all regions in the French luxury conglomerate’s network rebounded.
Age of AI: automation in diamond grading
Artificial intelligence (AI) influences how we think, work and play, with algorithms guiding our behaviors online and in real life. Now AI is injecting scientific precision and computerized analysis into the traditionally subjective and manual diamond-grading process.
Here comes … a lot of couples getting married
The number of weddings is expected to near 2.5 million in the United States this year, a number not seen since 1984.
