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As synthetics gain ground in jewelry collections and the minds of consumers, Rapaport Magazine takes a look at some of the latest developments in this product category. Testing the waters The diamond industry is undergoing a significant and transformative shake-up. With a major dip in natural-diamond prices, many companies have either diversified their operations to […]
Ovals, emeralds, cushions and pears are some of the top alternatives for today’s customers. Wholesalers and manufacturers often describe their inventory as rounds and fancies, with the latter being a catch-all for non-round shapes. In the market for colorless natural diamonds, the increased popularity of fancy cuts reflects the way styles are being promoted today. […]
A combination of factors is driving growth in the industry despite the precipitous drop in prices across the board. Mumbai—India, which has for long worn the mantle of the world’s largest manufacturer of polished natural diamonds, is well on its way to becoming the largest grower and manufacturer of lab-grown diamonds. The country’s growing capacity […]
With little fanfare, the United States has effectively ended its sanctions on Zimbabwe diamonds. On March 4, President Biden signed an executive order terminating the national emergency “with respect to the actions and policies of certain members of the Government of Zimbabwe and other persons.” Several personalities and entities connected to the diamond industry were […]
(IDEX Online) – Lab grown gemstones are to be banned from all trade shows run by the American Gem Trade Association (AGTA). The Dallas-based not-for-profit association says exhibitors will not be allowed to display loose gemstones or jewelry comprising what it describes as “nonnatural gemstones – ones that are man-made, synthetic, or lab grown”. The […]
The UK’s Advertising Standards Authority (ASA) has ruled that Skydiamond may not use advertising with “misleading” terminology that fails to make it clear their diamonds are not natural. The Natural Diamond Council (NDC) filed a complaint with ASA about the ad, which debuted in February 2023 and featured text including, “Say hello to the world’s first and only diamond […]
The European Union’s new sanctions regime is resulting in diamonds being stuck at customs for more than a week and disrupting supply chains, Antwerp dealers have claimed. The ban on Russian diamonds, which went into effect on March 1, requires all goods entering the EU to go for inspection at Antwerp’s Diamond Office, a dedicated customs […]
After a record-breaking 2022, the jewelry sector’s meteoric rise is not over yet. Published this week by Francéclat, the official figures for 2023 are clear cut. With cumulative sales of €5.387 billion, French jewelry production is up 17% on 2022, increase of €750 million! This growth is also reflected in the number of people employed […]
In watchmaking as in jewelry, Cartier has always enjoyed playing around with shapes. It all began with the magical floating hands of a mysterious clock that came out of the House’s workshops, which in turn inspired the creation of dials for round, square, barrel, oval and round-in-a-square watches, as well as the surprising Coussin watch […]
Fellow 2005 Founding Member Follows Signet Jewelers Ltd.’s David Bouffard 4th March 2024, London: Today the RJC is pleased to announce that Dave Meleski, President, and CEO of Richline Group, has been elected as the new Chair of the Responsible Jewellery Council (RJC), effective today. The RJC looks forward to the new Chair steering the team […]
G7 representatives have spent the last year crafting sanctions on Russian diamonds, with the hope that all member countries would enact the same requirements. But it hasn’t worked out that way. One thing is the same: On March 1, every G7 nation—the United States, the United Kingdom, Canada, Japan, France, Germany, Italy—and the European Union […]
Paul Zimnisky, a leading diamond industry analyst and consultant based in the U.S., examines the factors impacting natural diamond supply in 2024 and beyond. He provides insights into the current state of the market, the outlook for production and sales, and the potential challenges and opportunities for the industry. Following curtailed rough selling in late-2023 […]
