De Beers cuts sightholders as it creates client categories
De Beers has reportedly informed around 10 sightholders—including a handful of longtime clients—that they will not be eligible for new contracts, informed sources told JCK.
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Cartier’s new campaign celebrates its most iconic pieces
Cartier is reminding consumers of its best-selling styles in a new international campaign.
Tiffany teases its most expensive jewel ever
It’s the start of a brand-new year, but Tiffany & Co. is already looking to 2022.That’s when the jeweler will offer its most expensive jewel ever, a redesign of a high jewelry necklace it originally showcased at the 1939 World’s Fair.
Tiffany CEO, artistic director out as LVMH acquisition closes
The Tiffany & Co. and LVMH saga has come to a close. With legal battles and price negotiations settled, the French luxury titan has finalized its acquisition of Tiffany in a deal valued at $15.8 billion.
Pandemic could be catharsis for diamond industry
While the pandemic brought about an unprecedented shock to the whole diamond value chain in 2020, in a way it may also have acted as a catharsis of sorts for an industry that has been struggling to regain footing in recent years, in part due to a misalignment of supply and demand.
China’s 2020 luxury market sees invincible growth
The luxury goods market in mainland China saw a significant boost in consumer spending in 2020, due to a reduction in international travel creating an exponential boost in domestic spending, according to a research report from Bain & Company.
Top miners release dates of 2021 rough sales
De Beers, Alrosa and Rio Tinto have published their schedules for next year’s contract sales, which account for the bulk of the miners’ rough supply.
Online jewelry sales increased 44.6% this holiday season, study says
Online shopping has been the bright spot in U.S. retail this year, and a new report shows that consumers leaned heavily on e-commerce channels this holiday season in particular.
Podcast: The year that changed the diamond market
The Rapaport News team looks back at a tumultuous year in our final podcast of 2020, highlighting the most significant stories and trends that shaped our industry.
Russia to chair Kimberley Process in 2021
Russia has begun its chairmanship of the Kimberley Process (KP) after the organization deferred the role by a year due to disruption stemming from the Covid-19 pandemic.
CNBC show explores the Diamond District
New York City’s Diamond District was once again in the spotlight.
Not a 2020 wrap-up, or a 2021 prediction
After such an unusual year, the last thing we need is another 2020 wrap-up or a 2021 prediction. Instead, I will share what I see happening right now in the most significant place for the diamond industry: US retail sales.