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Revenue at Richemont’s jewelry brands rose in the first fiscal quarter, as strength in the US and European markets offset declines in Japan and China. Sales at Cartier, Van Cleef & Arpels, Buccellati and Vhernier increased 7% year on year to EUR 3.91 billion ($4.55 billion) — rising 11% at constant exchange rates — for […]
The Natural Diamond Council (NDC) may soon receive a significant cash injection, thanks to the Luanda Accord—an agreement between six diamond-producing nations, one cutting center, and two gem hubs to fund the promotion of natural diamonds. It was signed June 18 in Angola’s capital city. Signatories to the agreement include Botswana, Angola, Sierra Leone, Namibia, […]
The Kimberley Process (KP) intersessional meeting in Dubai marked what the World Diamond Council (WDC) called a “significant breakthrough” toward expanding the definition of conflict diamonds — a long-overdue step in modernizing the KP and restoring some of its lost relevance. The current definition, unchanged since the KP’s inception in 2000, narrowly focuses on rough […]
The most striking moment during the Rapaport Breakfast at the JCK show on June 8 came during the question-and-answer session. Aleah Arundale, founder of the “Jewelers Helping Jewelers” Facebook page, strode to the mic and upbraided the guest speaker, De Beers CEO Al Cook, for De Beers’ new marketing plan, which talks about—among other things—the benefits diamonds bring […]
The Natural Diamond Council has just published a new “Diamond Facts” report with updated data on laboratory-grown diamonds, based on facts and figures revealed by experts and currently available studies. The “Diamond Facts” reports, which condense the essential information on current topics into around 15 pages, are undoubtedly one of the Natural Diamond Council’s best […]
As the world’s second-largest diamond supplier, Botswana has established itself over several decades as a unique example of African economic success. By managing its natural resources responsibly and ethically – through a strategic partnership with De Beers in particular – the country has been able to transform this wealth into a lever for national development. […]
Source: Richemont
An innovative setting technique from New Zealand-based jeweler Floeting has made its way into the luxury retailer’s Titan collection. For the top jewelry houses today, the new battleground is not only producing recognizable designs and getting the biggest fashion stars as ambassadors but also displaying diamond expertise and credibility. Enter Tiffany & Co., which has […]
2024 Key Figures Watchmaking – Jewelry After an exceptional 2023, the French jewelry sector continued its upward trend in 2024. According to recent data published by Francéclat, French production reached record sales of 6.1 billion euros, marking a 6% increase on the previous year.This growth was also reflected in employment, with a 1% increase in the […]
May 6, 2025, Las Vegas. Diamond prices rose sharply at the beginning of April in response to announcements of new U.S. import tariffs, and then stabilized later in the month when the U.S. delayed the tariffs by 90 days. The RapNet Diamond Index (RAPI™) for 1-carat goods edged up 0.7% during the month. The index […]
Natural diamonds continue to hold a special place in the hearts of the French, combining tradition, emotion and the desire to pass on their heritage. To gain a better understanding of consumer expectations and market dynamics, Le Collectif Diamant, in collaboration with Ipsos, has unveiled an exclusive survey* of 1,000 French people from higher socio-economic […]
Seven years after its introduction sent shock waves through the industry, De Beers is closing the Lightbox lab-grown diamond business. As part of the closure process, De Beers will sell certain assets, including inventory. At press time, Lightbox’s site was still up, but De Beers CEO Al Cook tells JCK it will cease functioning within the coming months. At JCK Las […]