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Fine jewelry captivates Paris twice a year, during the Fashion Weeks in July and January. They are a wonderful opportunity to showcase rare and complex craftsmanship, exceptional stones as well as the stories of the jewelry companies. Let us look back at some of the beautiful creations that illuminated 2023.
In 2023, the diamond market was strongly affected by both cyclical (US market, Chinese market) and structural issues (competition from lab-grown diamonds in the United States). However, 2024 is showing signs of a positive rebound. The reopening of the Indian market should help to boost demand and free up the market. The Chinese New Year […]
(IDEX Online) – Anglo American, parent company of loss-making De Beers, is being tipped as a takeover or merger target after its valuation dropped by over $30bn in under two years.
It provides a timeline for the implementation of new restrictions, but no details. Diamonds “mined, processed or produced” in Russia will be prohibited from entering G7 nations beginning Jan. 1, 2024. In March, tighter restrictions will go into effect.
De Beers has kept rough-diamond prices steady since July despite the market downturn. Rapaport News Editor Joshua Freedman asks whether the world’s largest diamond miner by value will change its strategy in the New Year.
The Luele mine is expected to eventually make the country the world’s third-largest diamond producer.
LVMH is making changes at the top at two of its jewelry brands, Fred and Chaumet.
Pantone has unveiled its 2024 Color of the Year—Peach Fuzz (13-1023), which it called a “velvety gentle peach tone whose all-embracing spirit embraces the mind, body, and soul.”
Nicholas Moltke came on the Rapaport Diamond Podcast to explain why now is the right time to launch Botswanamark, the former De Beers executive’s single-source brand targeting US consumers.
The European Commission (EC) ban on Russian diamonds may target lab-grown stones in addition to mined gems, according to a report from Agence France-Presse, which said it’s seen an advance copy of the EC proposal.
The American economy defied pundits’ predictions of a recession in 2023, but the outlook is considerably murkier for the new year. Some economists and market analysts believe a downturn in 2024 is likely.
Dear Readers, Are diamond prices about to stabilize? The first signs of a soft landing should see the market return to calmer, more stable waters. The halt in diamond imports from India should help, as will market momentum in the run-up to the festive season as intermediaries clear their inventories. Reduced circulation of Russian diamonds […]