Podcast: Selling the Botswana Story
Nicholas Moltke came on the Rapaport Diamond Podcast to explain why now is the right time to launch Botswanamark, the former De Beers executive’s single-source brand targeting US consumers.
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Russian Ban May Also Target Lab-Grown Diamonds
The European Commission (EC) ban on Russian diamonds may target lab-grown stones in addition to mined gems, according to a report from Agence France-Presse, which said it’s seen an advance copy of the EC proposal.
2024 Market Outlook: A Volatile Year Ahead?
The American economy defied pundits’ predictions of a recession in 2023, but the outlook is considerably murkier for the new year. Some economists and market analysts believe a downturn in 2024 is likely.
Calmer waters on the horizon?
Dear Readers, Are diamond prices about to stabilize? The first signs of a soft landing should see the market return to calmer, more stable waters. The halt in diamond imports from India should help, as will market momentum in the run-up to the festive season as intermediaries clear their inventories. Reduced circulation of Russian diamonds […]
De Beers Will Start Telling “Origin Stories” About Its Diamonds
De Beers is testing a plan to sell diamonds with an “origin story” at 65 stores through the United States.
Belgium Ready to Restrict Russian Rough, Says Report
A new sanctions package proposed by the European Commission would prohibit Russia from importing rough and polished diamonds into Belgium and other EU countries after January 2024, according to a report in Reuters.
Boucheron Acquires Paris High-Jewelry Workshop
Kering-owned brand Boucheron has purchased a Paris atelier that it believes will help it increase its jewelry output.
Diamond Prices See Stabilizing Trend
RAPAPORT PRESS RELEASE, November 7, 2023, Las Vegas… Diamond prices showed a more moderate decline in October amid holiday demand and a reduction in rough supply.
Global luxury market projected to reach €1.5 trillion in 2023, a new record for the sector, as consumers seek luxury experiences
Despite continued growth, this marks a pivotal moment for brands; winners will define themselves through resilience, relevance, and renewal to navigate through growing turbulence.
Kimberley Process Has a Failure to Communiqué
It was midnight. The annual Kimberley Process (KP) plenary in Victoria Falls, Zimbabwe, had come to a preliminary agreement on its communiqué—which included some 90 items, mostly about administrative matters like choosing Botswana as the home of its much-delayed secretariat. The members of the certification scheme applauded.
70 Years of Vicenzaoro
In the jewelry world, the year kicks off with Vicenzaoro, organized by the Italian Exhibition Group(IEG) and held January 19–23, 2024, in Vicenza, Italy, about 30 miles outside Venice. The international jewelry exhibition celebrates its 70th anniversary in 2024.
Prada Debuts Lab-Grown Diamond Jewelry Collection
A year after launching its fine jewelry collection, the Italian luxury brand is adding lab-grown diamonds to the mix.
