The R&M “Lettre”

The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.

Pantone has unveiled its 2024 Color of the Year—Peach Fuzz (13-1023), which it called a “velvety gentle peach tone whose all-embracing spirit embraces the mind, body, and soul.”

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.

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.

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.

Despite continued growth, this marks a pivotal moment for brands; winners will define themselves through resilience, relevance, and renewal to navigate through growing turbulence.

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.

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.

Synthetic gem prices fell so fast that WD Lab Grown Diamonds couldn’t make a profit, the company’s former CEO, Mike Grunza, said during a Delaware bankruptcy proceeding this week. WD liquidated in October.

The Bleu Royal, a 17.61 ct. internally flawless fancy vivid blue diamond, sold for 39.5 million Swiss francs, or about $44 million, at Christie’s Magnificent Jewels sale in Geneva on Nov. 7.

Living the diamond life every day is the core message of the NDC’s new global ad campaign.

De Beers Group has appointed Sandrine Conseiller as CEO of De Beers Brands, which oversees its retail chain and Forevermark brand.