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First-quarter sales at LVMH slipped amid a downturn in luxury as the market saw economic and political challenges, with jewelry the only category to record an increase. Revenue for the watch and jewelry division rose 1% year on year to EUR 2.48 billion ($2.81 billion) during the three months that ended March 31, LVMH said Tuesday. Tiffany […]
After interviewing De Beers VP Feriel Zerouki about the GemFair program last January, Rubel & Ménasché’s La Lettre unveils another facet of the De Beers Group’s commitments, Okavango Eternal. Biodiversity protection, economic development, education and information are all part of long-term actions. As full stakeholders in these projects, local communities are the primary beneficiaries. Preserving […]
When Frédéric Boucheron was preparing for a trip in 1888, he gave his wife Gabrielle a necklace with a snake motif. As a protective symbol, the precious reptile would help Gabrielle wait peacefully for his return. The snake had not yet become a recurring theme of the Maison at the time. Widely acknowledged as an […]
London, February 2025 – The Responsible Jewellery Council (RJC) today launches the RJC Laboratory Grown Material Standard (LGMS). As we embrace change in the watch and jewellery industry, this new standard sets a benchmark for ethical and sustainable practices in the laboratory-grown (lab-grown) diamond and lab-grown coloured gemstone sector. In a world where conscious consumerism […]
The World Diamond Council is devoting the sixth article of its “Diamond Empowerment” series to the diamonds of Canada. “Diamond Empowerment” is a series of in-depth, well-researched case studies analyzing the contribution that the diamond mining industry makes to sustainable development in the countries where it is present. The discovery of diamonds in Canada’s Northwest […]
The device, developed by De Beers Group, rapidly and reliably distinguishes natural diamonds from non-natural diamonds, such as laboratory-grown diamonds and diamond simulants, helping to underpin consumer confidence De Beers Group today announced that its innovative retail-facing diamond verification device, DiamondProof, has landed in select retail stores for the first time, giving consumers the ability […]
Raluca Anghel, the Natural Diamond Council’s Head of External Affairs and Industry Relations, dives into the latest legislative updates shaping the jewellery and watch industry. The UK Advertising Standards Authority has tightened rules on environmental claims in ads, aligning with the 2021 Green Claims Code. Advertisers must ensure claims are truthful, clear, and substantiated, avoiding […]
The industry is changing as it grapples with new realities around distribution, supply, and the need for consistent, effective marketing. Diamond industry analysts Paul Zimnisky and Pranay Narvekar, along with industry veterans in India, weigh in on the current state of the diamond market and its prospects for 2025. (Photo courtesy of Venus Jewel) It’s […]
Rough market seeing gentle improvement after months of crisis, dealers say. Rough diamonds above 5 carats were in tight supply at this week’s sight, customers reported, with explanations ranging from production cuts to De Beers’ strategy of withholding supply. The February trading session saw stable prices in the vast majority of categories, as the miner […]
The Emirati city’s central location and favorable business conditions have helped push it to prominence as a trading center. Amid the frantic schedule of Dubai Diamond Week in November, executives of KGK Group casually welcomed visitors to their new diamond and jewelry office. Nestled on the 51st floor of Almas Tower, home of the Dubai […]
Anglo American, De Beers’ parent company, has reduced the miner’s book value by $2.88 billion amid weak diamond demand. The move, which comes just one year after a $1.56 billion write-down at the end of 2023, puts De Beers’ carrying value, or the amount recoverable should the business be sold, at $4.1 billion, Anglo American said Thursday. The work […]
The Indian government has removed the tariff on the import of seeds used to manufacture lab-grown diamonds and has reduced duties on certain precious metals. Importers are now exempt from paying customs fees when bringing in seeds used to create rough synthetic diamonds, according to the union budget Finance Minister Nirmala Sitharaman issued Saturday. “The removal of […]