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The natural diamond industry navigated a challenging 2023. Demand was impacted by the bridal catch-up effect after COVID-19 restrictions eased, macroeconomic headwinds, and increasing demand for lab-grown diamonds (LGDs), particularly in the US. In addition, short-term supply was affected by changes in midstream and downstream stock levels. This resulted in a weakening of the value […]
Tourism could be central to the country’s post-mining plans, says Debswana executive. What connects Prince Harry and Kim Kardashian? Probably quite a lot of things, but among them is that they have both been to Botswana. Harry famously vacationed with Meghan Markle in the southern African country, while Kardashian has visited the Jwaneng diamond mine. The […]
The jewelry house announces the arrival of Catherine Rénier to head up its business. One appointment comes head on the heels of another at Richemont. Following the announcement of a new CEO at Cartier, the Swiss luxury group has announced the arrival of Catherine Rénier at the helm of another of its Maisons, Van Cleef & Arpels. After serving as […]
A shower of carats and precious stones flooded Paris during its Fashion Week in June. The jewelers played with every shade of precious and semi-precious stones like painters with their palette. From vibrant to pastel colors, in a play of shades and chiaroscuro, the combinations were as endless as nature is generous. With cabochon, faceted, […]
Richemont and LVMH are well positioned to increase their brands’ influence over the industry. Last year was a big one for luxury jewelry companies. Several brands celebrated milestones, launched new collections and unveiled physical locations, which further elevated their status among high-end consumers. The luxury houses walk a fine line between the past and present, […]
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 […]
While the hands-on approach is still crucial, artificial intelligence is already a boon to mapping and polishing stones – and there’s more on the horizon. The diamond-manufacturing industry has made significant strides in integrating artificial intelligence (AI) into scanning, planning, polishing, quality control, and other elements of the process. Through advanced algorithms and machine learning, […]
Cartier’s new high jewelry collection is not a new chapter in the Voyage Recommencé – the name the Parisian Maison has given to its recent collections – but the approach remains the same. In Nature Sauvage, Cartier is once again looking at its heritage, roots, style and history. The creations should be appreciated from a […]