14 Sep
Eran Zini
The Israel Diamond Exchange (IDE) has appointed Eran Zini as its new Managing Director. Zini has a rich background in management positions in business and government. After having served as senior advisor to Israel’s Minister of Justice, he joined Israeli pioneering electric car start-up Better Place, as head of government relations and regulation. He then joined a government company devoted to vocational rehabilitation for people with disabilities, as head of operations, and a year later was promoted to Managing Director, a position he held until he was recruited by IDE. Zini holds a BA in Political Science and International Relations from the Hebrew University of Jerusalem. He holds an MBA with a specialisation in international management from the...
13 Sep
The Millennial and Gen Z generations combined accounted for two-thirds of global diamond jewellery sales in 2017, as diamond jewellery demand reached a new record high of $82 billion, according to data published today by De Beers Group in its latest Diamond Insight Report. Millennials, those people currently aged 21 to 39, represent 29 per cent of the world’s population and are the current largest group of diamond consumers. They accounted for almost 60 per cent of diamond jewellery demand in the US in 2017 and nearly 80 per cent in China. Gen Z, those currently aged up to 20, is an even larger consumer generation , representing 35 per cent of the world’s population and will come of age as diamond consumers over the coming decades. Despite the generation being a long way from financial...
13 Sep
The DDI's mobile schools have brought education to artisanalmining communities
The Diamond Development Initiative (DDI) announced the continuation of its partnership with Brilliant Earth, the San Francisco-based jewellery company that sells responsibly sourced jewellery, to bring education to artisanal mining communities. Brilliant Earth is now supporting DDI's education initiatives through its High School Support Program, on top of vocational training. This offers crucial services for youth and alternative education for women and men, outside of the mining world. "We've seen interest in many industries from within our communities, including textiles, carpentry, metalwork and hairdressing." said DDI Executive Director Dorothée Gizenga, adding, "we see that helping...
13 Sep
The 2.28-carat Argyle Muse
Rio Tinto is showcasing its iconic Argyle Pink Diamonds Tender to connoisseurs and collectors from across Asia, along with a one-of-a-kind pink diamond and emerald necklace during a world exclusive preview in Hong Kong. Headlining the 2018 collection of 63 pink, red and violet diamonds is The Argyle Muse, a 2.28 carat polished oval diamond, the largest purplish red diamond ever offered at tender. The Argyle Muse originated from a 7.51-carat rough diamond that yielded a second purplish red diamond for inclusion in the 2018 tender. Rio Tinto Diamonds global marketing director Josephine Johnson said “We are delighted to be in Hong Kong with this highly sought after collection of rare pink, red and violet diamonds. We have seen, and continue...
13 Sep
Sarine Technologies Ltd is showcasing its Diamond Journey system, that tracks a diamond from the mine all the way through the process pipeline, at the Hong Kong Jewellery & Gem Fair. The company says the system using technology and data science as against self-declaration and auditing to provide information as to the diamond’s source, including whether it is ethically sourced, and whether it is new or recycled. Sarine says the system provides: Tracking capabilities across multiple manufacturers, enabling efficient sourcing. Authentication by the AI-based Sarine Technology Lab, available as an optional part of the Sarine Profile report. An interactive display of the diamond throughout the manufacturing process, from original rough diamond through all the stages of planning and cutting...
12 Sep
A special report of the World Jewellery Confederation (CIBJO) Ethics Commission authored by Tiffany Stevens and Sara Yood addresses the issue of why the newly revised Guides  for the Jewellery, Precious Metals and Pewter Industries issued in July by the US Federal Trade Commission (FTC) seem to disregard harmonisation efforts made by the international trade. The CIBJO report notes, “The FTC does not especially seek to harmonise global trade standards, but instead envisions its purpose as consumer protection in the United States.” The report, however states, ”The FTC tries to harmonise its guidance with international standards when possible, but it must base its guidance on Section 5 of the FTC Act. In contrast, many international standards are developed through industry consensus-building...
12 Sep
The Murowa diamond mine in Zimbabwe
The Diamond Producers Association (DPA) said in a press release that RZ Murowa Holdings Ltd., majority owner of Murowa Diamonds Private Ltd., which in turn operates the Murowa diamond mine in Zimbabwe, has joined the Diamond Producers Association (DPA) as of July 1.  The Murowa mine was purchased from Rio Tinto in 2015 and expanded significantly under its new leadership. Murowa Diamonds COO Manit Shah will join the DPA board of directors this month. Shah has considerable experience driving business performance and managing international operations, the DPA said. DPA Chief Executive Jean-Marc Lieberherr said, “We are delighted to welcome RZ Murowa to the DPA and Manit to our board of directors.  The DPA will continue to play a...
12 Sep
The Indian gem and jewellery industry is launching its international promotional campaign at the Hong Kong Jewellery & Gem Fair, said the Gem & Jewellery Export Promotion Council (GJEPC). GJEPC Chairman Pramod Agarwal commented, “Hong Kong has been India’s largest export market, with 33 percent of the country’s $42 billion in gem and jewellery exports directed there. India exported $10 billion in polished diamonds and $973.4 million in gold jewellery to Hong Kong. It has also become a promising for Indian coloured gemstone exports, while Indian jewellery exports to Hong Kong are on the rise.” GJEPC Vice Chairman Colin Shah noted, “One can’t think of a better platform. The Hong Kong show witnesses a convergence of leading gem and jewellery players from across the globe.” The GJEPC...
12 Sep
Jonathan Kendall with Sun Fengmin
The De Beers-owned International Institute of Diamond Grading and Research (IIDGR) announced that it will partner with the National Gemstone Testing Centre (NGTC), China’s leading authority in the testing and inspection of gems and jewellery, to extend the accessibility of IIDGR’s diamond education courses to students in China. The partnership will officially launch in early 2019 with students being able to undertake IIDGR’s education courses via a mix of online training, as well as laboratory-based workshops. Courses will be delivered by local tutors in the local language, in partnership with IIDGR’s diamond education experts. Teaching subjects will include: Understanding the diamond pipeline from start to finish to allow...
12 Sep
Slightly purplish zone in a Mozambique ruby
The Swiss Gemmological Institute (SSEF) has said it has worked on techniques to detect rubies from the Montepuez deposit in Mozambique that have been heat-treated at temperatures under 1,000℃. Only a few of these rubies display the characteristics of heat treatment that help gemologists detect them. An SSEF press release noted that since their discovery in early 2009, the ruby deposits near Montepuez in Mozambique have produced an impressive number of exceptional-quality stones, including iconic gems such as the Rhino Ruby (22.04 carats), the Scarlet Drop (15.95 carats) and the Eyes of the Dragon (a pair of rubies weighing 11.23 and 10.70 carats), all of which the lab has analysed. But from the very beginning, there has...
11 Sep
De Beers announced that it had provisionally sold $505 million worth of rough diamonds in its seventh sales cycle of this year. This compares with the $507 million actually sold in the seventh sales cycle of 2017. De Beers also said that its actual sales figures for the sixth cycle this year now stand at $533 million.  De Beers CEO Bruce Cleaver said, “De Beers Group provided Sightholders with the opportunity to re-phase the allocation of some smaller, lower value rough diamonds. Demand remains stable ahead of the September Hong Kong Jewellery & Gem Fair.” Cleaver was referring to the fact that De Beers had allowed Sightholders to leave smaller and lower value goods on the table during the sixth sales cycle.
10 Sep
ALROSA reported that it sold rough diamonds worth $283.2 million in August this year. It also sold $11.7 million in polished, achieving a total of $294.9 million in sales for the month — a 14 percent growth in a year-on-year comparison. The Russian miner said its rough diamond sales total for January-August 2018 stood at $3.26 billion, while it also sold $67 million in polished over the period. “Despite the traditional August market slowdown, sales of both rough and polished diamonds were much higher than a year before. Positive trends in diamond jewellery sales, observed since the beginning of the year, have contributed to stable demand for almost the entire range of our products, especially for high-price rough diamonds,” said ALROSA Deputy CEO for Sales Yury Okoemov. He added, “...
10 Sep
Jerome Lambert
Luxury group Richemont has appointed Jerome Lambert, till now the group’s chief operating officer, as the new CEO. He is tasked with transitioning the group’s brands, including Cartier, Van Cleef & Arpels, IWC, Piaget, Jaeger-LeCoultre, Montblance and Dunhill into the digital arena. Richemont had done away with the CEO role six months ago when Richard Lepeu retired. Chairman Johann Rupert managed the group through a senior executive committee. Observers said that now, with the group showing a 10 percent rise in sales over the five months to August 31, particularly in Asia Pacific and the Americas, Rupert feels confident enough to hand over the reins to a CEO. The group’s watch lines are reportedly the focus of a drive to develop a digital...
06 Sep
The World Diamond Council (WDC) is encouraging stakeholders to review the System of Warranties (SoW) during its public review period, which began on June 5 and ends on October 1.  The WDC said this review period is intended to help industry participants better implement and demonstrate commitment to responsible sourcing when buying or selling rough and polished diamonds.  “Public review of the SoW is crucial to ensuring a transparent process as we continue to uphold our promise to customers that they can trust that the diamonds they purchase have been sourced responsibly,” said WDC President Stephane Fischler. “We look forward to receiving comments from our stakeholders that reflect our commitment to upholding the integrity in the global diamond supply chain.”  The SoW reforms establish a...
05 Sep
India will overtake the US in the consumption of fine jewellery by the end of 2018, according to a report by market research firm Euromonitor International. The Indian fine jewellery market is projected at being worth $62.8 billion by the end of this year, $4 billion more than the $58.6 billion projected for the US. China will continue to be the biggest fine jewellery market, projected to grow to $92 billion by the end of the year — a nearly $6 billion jump from its $86.3 billion worth at the end of 2017. The report says the US fine jewellery market has grown by 12 percent over the last five years from the $52.2 billion value in 2014, but the Indian market jumped a whopping 74 percent over the same period from its $36.1 billion value in 2014. During this same period, the Chinese market...
05 Sep
ALROSA put 163 gem-quality rough diamonds with total weight of 2,615 carats, that include 26 fancy yellow stones, up for auction in Hong Kong. The auction kicked off on September 3 and will run through the Hong Kong Jewellery & Gem Fair, which runs September 12 to 16, with the results being announced on September 20. ALROSA said 77 companies from Russia, Belgium, Hong Kong, Israel, India, China and the UAE have been invited to participate in the auction. Evgeny Agureev, Director of the United Selling Organisation, ALROSA’s sales arm, commented, ”The timing of our September auction intersects with one of the largest jewellery exhibition, which annually attracts tens of thousands visitors from all over the world. We invited about 80 companies to participate in the auction, but this list...
05 Sep
Private equity firm Epiris announced that it has acquired London-headquartered global auction house Bonhams through its Epiris Fund II for undisclosed financial terms. Founded in 1793, Bonhams is one of the world's largest and most renowned auctioneers of fine art and antiques, motor cars and jewellery. The business holds more than 250 sales a year at its flagship sale-rooms, which include London, New York, Los Angeles and Hong Kong. In 2017, Bonhams sold more than 50,000 lots, generating over £450 million ($577 million) of hammer sales. Bonhams will continue to be led by CEO Matthew Girling along with CFO Jonathan Fairhurst. They will now be joined by Bruno Vinciguerra, who will be Executive Chairman. Vinciguerra served for eight years as COO at Sotheby’s, and before that held senior...
03 Sep
The JCK Las Vegas trade show’s management has announced that the 2019 edition of the show will run from May 31 through June 3 at The Venetian hotel’s Sands Expo centre. The overlapping Luxury show will be open to invitees only from May 29 to 30. It will be open to all JCK attendees from May 31 through June 3. “We have invested a lot of time and resources to gather feedback from our customers,” said JCK Senior Vice President Yancy Weinrich. She added that customer feedback had led to a return to The Venetian and Sands Expo as well as the traditional date pattern. “We have spent the past few months negotiating to secure these dates. We are thrilled to be able to deliver, and are as excited as ever for the show. While it marks the return to our roots, it is also a fresh beginning,” she said.

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