Baselworld cancels 2021 show, adjusts refunds for 2020
MCH Group, organizer of the Baselworld watch and jewelry trade show, announced two developments concerning the 2020 and 2021 shows.
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De Beers suspends applications for sight contracts
De Beers has paused the application process for its new sightholder contract due to the impact of COVID-19 on its clients’ business operations.
Tiffany launches new collection during quarantine
While all Tiffany & Co. stores in North America may be closed due to the global coronavirus pandemic, that doesn’t mean an end to new jewelry.
Extraordinary times require courage
The diamond industry, from mine to retail, is facing new challenges that are rocking it to its core. Retail stores around the world are closed and that reverberated up the diamond pipeline, bringing wholesaling activity, jewelry manufacturing, diamond polishing, and diamond mining to a complete standstill.
Don’t ban rough buying, De Beers urges
De Beers CEO Bruce Cleaver has called on the trade to allow rough purchases, assuring manufacturers the company won’t require them to buy in the weak market.
Cartier ‘Tutti Frutti’ bracelet sets online jewelry auction record
If one recent auction is any indication, the desire for luxury jewelry items is alive and well.
Rough market faces its toughest year yet
As the diamond market considers its options during the industry-wide lockdown, manufacturers in India are planning a freeze on rough imports. The move has precedent. Back in 2008, as financial markets collapsed, India imposed a one-month moratorium on rough buying. Ultimately, it helped the local trade realign inventory and gain market share while other manufacturing […]
Sotheby’s to resume live jewelry auctions in early june
Sotheby’s has released a new schedule of jewelry auctions for the next few months, including dates for when it will restart live, in-person sales.
Remembering Didier Giard
Press release – Our industry has lost, far too soon, one of its most treasured gems. Didier Giard was an individual who managed to exemplify the very best of what we in the gem and jewelry community seek to find within ourselves
How Dominion Diamond was bled Canada-Dry
What do you do when you have $180 million in diamonds and can’t sell them?
Rediscovering the “perks” of the big fine jewelry and luxury houses
Here and elsewhere, whether we are still in lockdown or starting to lift it, we are approaching the time we have at our disposal in a different manner. It is not that we have more of it; far from it. But it has been reinvented. For my part, I want more and more quality, authenticity, […]
Podcast: How the pandemic is changing De Beers
Interview with Stephen Lussier and David Prager. The diamond industry will need to tweak its messaging to emphasize the values its product and brands represent, De Beers executives stressed in the Rapaport Diamond Podcast.