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In the magical light of Tuscany, at the heart of the cloister of the Basilica of Santa Maria Novella – a Gothic jewel and key icon of the Florentine Renaissance – Victoire de Castellane unveiled the inaugural chapter of her new high jewelry collection, entitled Diorama. A lush rose garden scented with orange trees provided […]
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 […]
How can we prepare for the G7 sanctions against Russian diamonds and stay one step ahead when it comes to diamond traceability? This was the question posed to leading diamond industry players during a webinar organized by renowned traceability specialist iTraceiT on May 10. Expert Avi Krawitz, who moderated the meeting, asked everyone to talk […]
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, […]
Confirming recent reports, Anglo American said today that De Beers will be “divested or demerged” from its portfolio. In an online investor presentation, Anglo CEO Duncan Wanblad said he expected the sale of De Beers—as well as a number of Anglo American’s other holdings, including its platinum unit—will be completed by the end of 2025. Spinning […]
Buccellati is holding a major retrospective in Venice to showcase its heritage, history and craftsmanship. “The Prince of Goldsmiths, Rediscovering the Classics” Oficine 800 – Venice, April 18 to June 18, 2024 The entire Venice exhibition is dedicated to Buccellati’s “classics”, featuring over 200 jewelry and goldsmith pieces that represent the unique styles and skills […]
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. […]