2023: New record year for LVMH
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, recorded revenue of €86.2 billion in 2023, equating to organic growth of 13% with respect to 2022.
The R&M “Lettre”
Sign-up for La Lettre from R&M to get the essentials of current affairs in the diamond industry and privileged access to the articles published below
We keep your data private and only share it with third parties that make this service possible. Read our Confidentiality Policy for more information.
Lusix, Much-Touted Lab-Grown Diamond Producer, Shifts Strategy
Israeli lab-grown diamond producer Lusix made a splash when it entered the jewelry business in 2022—with a large presence at JCK Las Vegas and the announcement that LVMH Luxury Ventures had contributed to a funding round.
The Individuals Who Shaped the Diamond Industry in 2023
Rapaport’s “People of the Year” reflect the broad range of challenges affecting the trade — and some of the solutions.
2023’s Biggest, Most Valuable and Most Buzzworthy Diamonds
As with every year, we have compiled our list of the diamonds that made headlines in 2023, including five rough stones that miners unearthed and five polished pieces that appeared at auction.
De Beers Slashed Rough Prices. Will Polished Suffer?
On Monday, De Beers’ customers turned up at the first day of the miner’s January sight to find rough prices were down by an average of 10% to 15%. The reductions were more drastic than many had predicted.
What Iris Van der Veken Has Learned in a Career of Creating Change
Impactful leadership: The executive director and secretary-general of the Watch & Jewellery Initiative 2030 discusses mentoring, gender equality, and tackling global problems.
Jewelry Drives Strong Growth at Richemont
Revenue at Richemont’s jewelry brands advanced in the third fiscal quarter as demand grew in China, Hong Kong and the US.
Mixed results for the US market
Tenoris CEO Edahn Golan’s review of the US jewelry market’s performance in 2023: a mixed bag of results.
Italian Grading Lab Warns of Synthetic-Diamond Scam
Italian gemological lab Gem-Tech has warned the trade that a number of lab-grown diamonds circulating in the country are being sold as natural.
GCAL, Now Part of Sarine, Opens Lab in India
The facility is located in Sarine’s office building in Surat. The Gem Certification & Assurance Laboratory, which was acquired by Sarine last year, has opened a laboratory in the diamond manufacturing hub of Surat, India. Don and Pamela Palmieri founded New York-based GCAL in 2001.
The magnificent story of fine jewelry
January’s Fashion Week saw certain jewelers present their new fine jewelry collections in an early spring atmosphere.
What to learn from 2023 and look out for in 2024
In this fascinating Rapaport podcast episode, Editor-in-Chief Joshua Freedman and senior journalist Leah Meirovich – both experts in the diamond world – share their thoughts on the past year and what lies ahead for 2024.