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The jewelry Maison, which belongs to the Richemont luxury group, has announced the appointment of Louis Ferla as its new CEO. Jumping from one house to another, Richemont is recruiting internally. At the helm of watch manufacturer Vacheron Constantin since 2017, Louis Ferla will take over as head of jeweler Cartier from September 1st this year. […]
SI-clarity goods performed well, but overall trading was mixed. Diamond trading at JCK Las Vegas set a cautious tone as the US consumer market remained uncertain, exhibitors reported. The important fair, which ended Monday, mirrored the mixed trends visible in the sector. Loose-diamond suppliers gave varied reviews, with lab-grown competition continuing to impact sales. Certain […]
From moringa to ecotourism in the Okavango Delta, the country and its leaders are exploring how Botswana can diversify its economy. Elephants wade in Botswana’s Okavango Delta in the early morning. Ecotourism in the Delta is one area in which government officials see potential for job growth and revenue generation. (Photo by Chris Boyes/National Geographic […]
The company is pivoting production at its factory in Oregon to industrial diamonds, while the future of Lightbox remains unclear. The exterior of De Beers Group’s diamond factory in Gresham, Oregon. The company announced last week that it is transitioning production at the facility from diamonds for jewelry to diamonds for industrial and technology uses. […]
The two industry giants are working together on a new marketing campaign. De Beers Group CEO Al Cook (left) and Signet Jewelers CEO Gina Drosos met in Botswana earlier this year. Their companies are teaming up on a new natural diamond marketing campaign set to launch in Q3. New York—Signet Jewelers and De Beers Group […]
The extraordinary collection contains three of the world’s largest and most famous natural diamonds. By Harriet Mays Powell | March 5, 2024 Comprising of more than 23,000 gemstones and thousands of natural diamonds, the British Crown Jewels are held in trust by the monarch for the nation and have been protected in the Tower of […]
Having experienced various acquisitions and restructurings at places where I’ve worked, I have considerable sympathy for De Beers’ 20,000 employees as they digest the news that majority owner Anglo American plans to sell off their company. While big corporate changes sometimes work out for the best, they are rarely pleasant for those who live through them. Prior […]
Provenance transparency together with digitalization mark a significant step to future proof the KPCS WDC President Feriel Zerouki addressing the Closing Session of the Kimberley Process Intersessional meeting in Dubai on May 17, 2024. DUBAI, UAE: MAY 17, 2024 – The World Diamond Council (WDC) concluded the 2024 Kimberley Process (KP) Intersessional with a renewed […]
In a rare interview with the Financial Times on May 10, Chaumet’s new CEO Charles Leung offered his analysis of the company’s strategy. Charles Leung, originally from Hong Kong, has been appointed as the head of a major French luxury house. This appointment likely reflects LVMH’s intention to value experienced talent from the Asian continent. […]
Lightbox Jewelry, the De Beers–owned lab-grown brand that made waves upon entering the business by charging $800 a carat, has lowered the price of its entry-level product (I and J color diamonds) by nearly 40%, to $500 a carat. G-H color stones are now priced at $600 per carat. And Lightbox is charging $900 a carat for […]
Phillips sold a pink diamond for $12 million at its second Geneva jewelry auction, which also saw two records set for a fancy-red. The 6.21-carat, fancy-vivid-pink, VS1-clarity, type IIa diamond ring was the leading lot at the May 13 Geneva Jewels Auction: Two, Phillips said Tuesday. The total, which amounted to $1.9 million per carat, fell […]
Nicolas Bos, currently CEO of Van Cleef & Arpels, will become CEO of Richemont effective June 1. Bos, who has served as Van Cleef CEO since 2012, will also join Richemont’s senior executive committee. At press time, it wasn’t clear if Van Cleef—which is owned by Richemont—would appoint a replacement. Richemont’s current CEO, Jérôme Lambert, […]
