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Lab-grown diamond companies are marketing their products in ways that could damage consumer confidence in the overall industry, World Jewellery Confederation (CIBJO) president Gaetano Cavalieri said during a keynote address to the 2024 Global Gems & Jewelry Development Conference last month in Hainan, China. “The early decision to benchmark laboratory-grown diamond prices against the price of natural diamonds…proved […]
Revenue at Richemont’s jewelry brands grew in the third fiscal quarter amid a resurgence of demand in all regions, primarily the Americas and Europe. Sales at Cartier, Van Cleef & Arpels, Buccellati, and Vhernier climbed 14% year on year to EUR 4.5 billion ($4.63 billion) for the three months that ended December 31, the Swiss […]
These sleuths of the jewelry world play an important role in the trade. Experts in the field share their experiences and wisdom. Appraisers are the behind-the-scenes enforcers of responsible jewelry stewardship, from the intangible aspects like discretion and reputation, to the quantifiable ones like fair market value and retail replacement value assessments. These cool-headed sleuths […]
The outgoing year was clearly a particularly challenging one. It required diamond industry companies to reconsider their future and created an opportunity to pivot towards reinventing diamonds as a true luxury item. The coming year should be the year of realignment. in 2024, the diamond industry, from producing countries to retailers, was rattled in 2024. […]
“Beyond these chaotic rocks and ramparts that make up the citadel, and which silently descend all the way down, the outer wall of the city – the crenellated wall maintained by the Nizam – snakes off into the distance as it continues to draw the outlines of what was Golconda, Golconda of the marvelous diamonds.” […]
In a podcast released at the beginning of 2025, Rapaport Senior Analyst Joshua Freedman analyses the challenges and expectations of the diamond market. 2024 was a year of challenges for the diamond sector, with one of the main issues being inventory management. Despite the reduction in purchases following the 2023 crisis, stocks remain at far […]
With their slender, graceful shape, marquise-cut diamonds are distinguished by their discreet sophistication, while connoisseurs appreciate them for their elegance. In high jewelry, the marquise cut – often combined with the pear cut – adds an undeniably lightweight touch. It has left its mark on jewelry history, but the way it is worn has evolved […]
Environmental protection has become a major concern, but there is another equally essential one: the development, well-being and empowerment of the local populations who help create company wealth. In the diamond sector, GemFair ™ – an inclusive program set up by the De Beers Group in 2018 – is on this eco-responsible trajectory. Its aim […]
US jewelry sales experienced a 2.5% increase in November, driven by a 4.6% year-over-year rise in the average expenditure per item by consumers. This uptick in jewelry expenditure is part of a trend indicating a turnaround in US demand for fine jewelry. So far this year, sales have increased almost every month, as did consumers’ […]
The Natural Diamond Council unveils the Big Bang photo exhibition, created in collaboration with renowned photographer Sonia Sieff. Under the artist’s eye, the stone embodies the explosive force of the universe, the depth of the Earth, and humanity’s contemplative journey through time. Interweaving the journey of this natural miracle with themes of cosmic creation, timelessness and transformation, Big Bang invites visitors […]
Session at Antwerp’s Facets 2024 conference tackles how to unlock the value of natural stones. If there was one session at last week’s Facets 2024 conference that summed up the focus and atmosphere of the event, it was the panel on “Unlocking the Value of Natural Diamonds.” Five participants joined moderator and industry analyst Edahn Golan to […]
De Beers has stripped around 10 sightholders of their rough-diamond allocations for 2025 and is planning to offer fewer goods overall, market insiders told Rapaport News on Sunday. Those companies will retain their sightholder status, but the miner will not give them a consistent allotment of supply because they did not buy enough in 2024, the sources […]
