Exit interview with De Beers CEO Bruce Cleaver (part 1)
In two weeks [February 20], Bruce Cleaver will step down as De Beers CEO, after six years in the role. His replacement will be energy executive Al Cook.
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.
U.S. seeks to tighten rules on Russian diamonds
As Russia’s invasion of Ukraine enters its second year, the United States is looking to tighten its regulations on Russian diamonds—and eliminate the rule that allows the importation of Russian-mined diamonds cut and polished elsewhere.
EU sanctions are back on the table. Will they work?
The bloc is considering a quota or other restrictions on Russian diamonds. Industry members and politicians claim only a global effort will have an impact.
Sales decline at De Beers’ first sight of 2023
De Beers saw a slowdown in rough sales at its January sight, as clients were hesitant to buy at the start of the year.
De Beers Group rough diamond sales for cycle 1, 2023
Press release – De Beers Group [announced February 1] the value of rough diamond sales (Global Sightholder Sales and Auctions) for the first sales cycle of 2023.
India makes sweeping reforms to promote lab-grown sector
The Indian government has abolished its import tax on synthetic-diamond seeds and pledged extra funding in an effort to develop the country’s lab-grown industry.
Tiffany & Co. shines for LVMH in 2022
Acquired in 2021, the brand’s high jewelry sales have doubled and its new “Lock” collection was an instant hit.
Gucci is getting a Gem Award
The Italian luxury brand will receive the first Gem Award for High Jewelry Excellence.
Highlights from Bonhams’ upcoming Luxury Paris Jewels auction
As one of the oldest and largest fine art and antiques auction houses internationally, Bonhams has had its fair share of storied jewels (those from last year’s sale from the personal collection of George and Charlotte Shultz, for example). And this time is no different. Starting Feb. 16, Bonhams is hosting a live auction in Paris, Luxury Paris […]
De Beers’ rough prices rise 23% in 2022
De Beers’ prices jumped last year as steady retail sales and shortages of Russian goods supported demand for the miner’s production.
2023: a year of changes for the diamond industry
Dear readers, Today’s Lettre explores all the latest news and summarizes many of the expected changes in the diamond industry for 2023.
World Jewellery Confederation to launch CIBJO Academy, to educate industry and public about standards and terminology
Press release – World Jewellery Confederation President Gaetano Cavalieri has announced the establishment of the CIBJO Academy, which will be responsible for the preparation and delivery of educational programmes and materials, suitable for jewellery professionals and the consuming public, about standards, operating principles and terminology developed within CIBJO’s various commissions and expert committees.