Baselworld’s spring 2022 show is canceled
Baselworld will not take place this coming spring, as organizer MCH Group feels it needs “more time” to work out what exhibitors and buyers want.
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Luxury goods market set for rebound
The personal luxury-goods industry will bounce back in 2021 amid increased spending from the US and China on shoes, leather items and jewelry, according to Bain & Company.
Why so many hate the Kimberley Process—but don’t leave
The Kimberley Process [ended its virtual plenary the week of November 12], and it [looked like that would follow] an all-too-familiar pattern.
Alrosa to lift production amid positive outlook
Alrosa plans to increase its rough-diamond output next year as new mining resources come onstream, enabling it to address the market’s supply shortages amid strong demand.
Rio Tinto now sole owner of Diavik diamond mine
Rio Tinto has become the sole owner of Diavik Diamond Mine in Canada’s Northwest Territories, after the ownership transfer was approved by the Court of Queen’s Bench of Alberta.
Richemont’s H1 buoyed by watch, jewelry sales
Sales in both categories surpassed pre-pandemic levels in the first half.
New research highlights generational shift in attitudes towards provenance of luxury goods
Press release – Younger generations more interested in ethics and sustainability as the new status in luxury and are prepared to pay a premium for this.
ALROSA consolidates its ranking in the 2021 S&P Global Corporate Sustainability Assessment
Press release – ALROSA has confirmed its commitment to sustainability by improving its score in the S&P Global Corporate Sustainability Assessment 2021, one of the most renowned ratings for corporate sustainability worldwide. ALROSA improved its company score from 34 in 2020 to 44 in 2021, raising its percentile ranking from 43 percent in 2020 to […]
De Beers announces a new global campaign celebrating commitment and purpose
Press release – De Beers announces a new global campaign centred on commitments to ourselves, to one another and the wider world. It marks a fresh, purpose-led brand strategy and new chapter in the company’s 133 year long history.
ALROSA reports its October 2021 diamond sales results
ALROSA reports preliminary rough and polished sales results for October 2021.
Jewelers: early Holiday shoppers picking up diamonds and personalized gifts
Determined to shop early, gift-giving consumers are picking up everything from personalized necklaces to diamond tennis bracelets to holiday-themed charms in hopes of crossing off items on their wish lists before the crowds build and inventory diminishes.
WDC President expresses cautious optimism at close of 2021 KP Plenary, citing the KP’s progress in welcoming the Principles for Responsible Diamond Sourcing
Press release – WDC President Edward Asscher struck a positive tone in a statement made at end of the Closing Session of the 2021 Kimberley Process (KP) Plenary on November 12, noting that he was encouraged by the KP’s constructive discussions and its welcoming of a Declaration on Supporting Principles for Responsible Diamond Sourcing as […]