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President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address. Gaborone, Botswana—Botswana’s President Duma Boko has declared a public health emergency as the diamond-producing country feels the effects of the prolonged slump in rough sales. In a national televised address delivered Monday, Boko said the country’s medical supply chain was in crisis, creating […]
De Beers Group has released its 2024 sustainability report, outlining its initiatives and progress in the areas of environmental protection, climate action, and more broadly, its contributions to societal and human issues within the ecosystems of mining countries. Precise figures highlight the results of ongoing actions and new goals in strategic areas such as reducing […]
In the world of high jewelry, each item is much more than just a piece of jewelry; it embodies the quest for perfection, a delicate balance between creativity, craftsmanship and emotion. During Paris Fashion Week, the most prestigious houses unveiled collections in which the mastery of shapes, materials and colors reached new heights. Immersed in […]
“It’s not just about jewelry, but about a vibrant heritage of the power and beauty of the Earth,” David Kellie, Natural Diamond Council CEO During Paris Haute Couture Week, Natural Diamond Council (NDC) published a new report on the rare nature of colored diamonds, in partnership with the Choron Group and the Fancy Color Research […]
In April, Natural Diamond Council launched the Diamond Learning Center, a free, not-for-profit educational platform accessible at www.diamondlearningcenter.org. Its main objective is to train jewelry sales teams, so they are better informed, inspired and able to clearly explain to their customers the differences between natural diamonds, lab-grown diamonds and fakes. The Diamond Learning Center is […]
David Kellie, CEO of the Natural Diamond Council, who joined the organization in 2019, will remain in his role through the end of 2025. He announced Sunday via LinkedIn that he will step down at the end of the year. New York—David Kellie, CEO of the Natural Diamond Council, has announced he will step down […]
At the recent JCK show, I had a joint interview with two of the most important people in Botswana’s diamond industry: Mmetla Masire, CEO of Okavango Diamond Company (ODC), the state-owned seller, and Andrew Motsomi, managing director of Debswana, the De Beers–Botswana joint venture that oversees De Beers’ mines in the country. Masire and Motsomi […]
US President Donald Trump has extended the deadline for implementing tariffs from July 9 to August 1, while threatening to raise the rates of at least 14 countries, two of which are major exporters of diamonds and gemstones. In an executive order Monday, the president said it was “necessary and appropriate” to extend the suspension by three […]
Diamond analyst Avi Krawitz explores how the natural diamond industry is regrouping and stepping up its marketing game. From global campaigns to retailer partnerships, the trade is rallying around a shared goal: to reshape consumer perception and restore the sparkle to natural diamonds. The natural diamond industry is intensifying its marketing efforts in a bid to reclaim […]
In the battle for market share, the Natural Diamond Council has resorted to increasingly provocative advertising, aiming to differentiate natural diamonds from their lab-grown counterparts. One recent ad boldly proclaimed that natural diamonds have “rizz” while lab-grown stones are merely “fizz.” This kind of in-your-face marketing has sparked intense debate, with some applauding it as […]
Revenue at Richemont’s jewelry brands rose in the first fiscal quarter, as strength in the US and European markets offset declines in Japan and China. Sales at Cartier, Van Cleef & Arpels, Buccellati and Vhernier increased 7% year on year to EUR 3.91 billion ($4.55 billion) — rising 11% at constant exchange rates — for […]
The Natural Diamond Council (NDC) may soon receive a significant cash injection, thanks to the Luanda Accord—an agreement between six diamond-producing nations, one cutting center, and two gem hubs to fund the promotion of natural diamonds. It was signed June 18 in Angola’s capital city. Signatories to the agreement include Botswana, Angola, Sierra Leone, Namibia, […]