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David Kellie stepped down as CEO of the Natural Diamond Council (NDC) at the end of 2025, capping six years helming the group. In this frank interview, Kellie discusses some of the challenges he encountered during his tenure, including a sudden and dramatic drop in funding, industry “fiefdoms,” lab-grown diamonds, and dealing with a trade where […]
The Natural Diamond Council (NDC) has appointed Amber Pepper to succeed David Kellie as CEO from February 1, 2026. Pepper brings to the group years of experience in commercial growth and digital innovation, the council said last week. She has held senior positions at fashion and retail labels, including Tapestry, Farfetch, and Harrods. Most recently, […]
The Chinese government has stripped the country’s main diamond exchange of its preferential tax treatment. From November 1, importers of polished diamonds through the Shanghai Diamond Exchange (SDE) will no longer enjoy a heavily reduced rate of import value-added tax (VAT), according to documents the country’s State Tax Administration (STA) released last week. Since 2006, […]
London’s best art and design fair featured plenty of stunning natural diamonds. London’s premier design and art week kicked off today with the opening of PAD London in the ritzy neighborhood of Mayfair. Each year, close to 30,000 people arrive at the temporary pavilion that may look like a tent to passersby, but inside holds […]
India’s Gem & Jewellery Export Promotion Council (GJEPC) presented a host of policy recommendations to support the industry at a meeting with the country’s prime minister, Narendra Modi. GJEPC chairman Kirit Bhansali called for modernization of India’s Customs Act 1962, which grants the government powers to collect import duties. His recommendations include implementing a risk-management […]
CIBJO, the World Jewellery Confederation, says it’s reexamining the question of what to call lab-grown diamonds, but contrary to some reports, it hasn’t made any decisions on the matter yet. Last month, in a special report published on CIBJO’s website, Udi Sheintal, head of the organization’s diamond commission, argued that CIBJO’s Diamond Blue Book should no longer […]
De Beers also announced more changes in its upper ranks ahead of parent company Anglo American’s pending sale of the company. Trucks at the Orapa mine in Botswana. Botswana was the key driver of De Beers Group’s third-quarter production increase, with production ramping up ahead of planned maintenance in the fourth quarter. London—De Beers Group […]
The diamond industry finds itself at a pivotal moment in its history, as it faces mounting macroeconomic challenges, geopolitical tensions and evolving consumer expectations. Brought together by industry expert Avi Krawitz for a roundtable discussion during the CIBJO Congress held in Paris in late October, leading figures from across the sector explored the obstacles and […]
What does the diamond industry want, or expect, from the new owners of De Beers, whoever they turn out to be? Should we expect a notable shift in the company’s character, or another adjustment to its strategy after the substantial changes CEO Al Cook has already introduced over the past two years? New owners usually […]
London—De Beers Group announced Thursday that Chief Trade and Industry Officer Feriel Zerouki has decided to leave the company at the end of the month. Zerouki has been with De Beers since 2005, starting as a supply chain analyst for the Diamond Trading Co.’s Supplier of Choice program. Over the years, Zerouki worked her way […]
SEPTEMBER 8, 2025 By age 13 I had already lived in six countries — United States, Sweden, Switzerland, Spain, Australia, and then back to Switzerland for high school — thanks to my father’s 34-year career at Caterpillar, the mining and construction equipment giant that is best known for its iconic tractors. I was born in […]
Charles Leung is reimagining the 245-year-old maison’s nature-themed aesthetic – and giving back to the environment. Making a storied Place Vendôme maison desirable, cool and relevant today is a task that Chaumet chief executive Charles Leung is taking in stride. The 245-year-old jewelry house is synonymous with tiaras, Emperor Napoleon and his wife Josephine — enviable touchpoints, […]