Fashion
Diamond World
G7 APPROACH TO DIAMOND TRACEABILITY HAS CONCEPTUAL DEFICIENCIES: DR MZEE FULA-NGENGE
African diamond-producing nations are increasingly seeking their place in the sun, and are no longer shying away from demanding their rightful share of the revenues generated from diamond extraction. Dr M'zee Fula Ngenge, Chairman, African Diamond Council, talks to Suneeta Kaul about the most pressing issues pertaining to the African diamond industry the less than effective role of local diamond trade administrators, the G7's approach to traceability, the role of technology in improving the functioning of the continent's diamond industry, the limitations of the Kimberly Process, and more
9 min |
September - October 2024
Diamond World
CUSTOMIZATION AT THE FOREFRONT OF THE SURGE IN LGDS
Lab-Grown Diamonds are reshaping luxury, offering personalization possibilities through cutting-edge technology; the shift to customization is being led largely by millennials and Gen Z, who value innovation more than tradition
4 min |
September - October 2024
Diamond World
THE RISE OF DUBAI AS A DIAMOND TRADING HUB: IMPACT ON THE GLOBAL TRADE, AND IMPLICATIONS FOR INDIA
Over the past few years, Dubai has rapidly become one of the world's leading diamond trading hubs. Leveraging its strategic location, state-of-the-art infrastructure, pro-business taxation policies and global connectivity, the city now rivals traditional centres such as Antwerp and Mumbai, attracting major players from across the globe. Suneeta Kaul takes an in-depth look at the city's emergence as a diamond trading powerhouse, and the implications this has for India
8 min |
September - October 2024
Diamond World
E-COMMERCE IN DIAMOND JEWELLERY GAINING GROUND
E-commerce is steadily finding its way into the function of diamond jewellery retail the world over, in spite of several challenges and obstacles. Retailers are taking steps to overcome the critical challenges of trust and personal connections that are easier to establish in a brick-and-mortar world, and are seeking to establish these factors in a digital scenario
6 min |
September - October 2024
Diamond World
INDIA TAKES CENTRE STAGE As China's Demand Ebbs, India Rises as the New Diamond Powerhouse
India is establishing itself as a global diamond powerhouse, thanks to its burgeoning middle class, a rising disposable income, unmatched craftsmanship, skilled labour force, cutting-edge technology, and strategic collaborations. Anjana Vaswani takes an in-depth look at these factors that collectively position the country to mark its dominance in the diamond industry
10 min |
September - October 2024
Diamond World
GJEPC's IIJS Tritiya: A Grand Showcase of Indian Jewellery Excellence
The latest edition of IIJS Tritiya surpassed its predecessor in scale and sophistication, boasting a staggering 900 exhibitors and 1,900 stalls spread across 40,000 square meters. Serving as an expansive marketplace, it facilitated crucial connections and collaborations for industry players, drawing over 15,000 pre-registered visitors from 500 cities in India and 60 countries, which emphasizes its global importance.
4 min |
March - April 2024
Diamond World
Venus Jewel ETHICAL SOURCING, RESPONSIBLE MANUFACTURING AT THE CORE OF VENUS JEWEL
Venus Jewel began its journey with a vision to revolutionize the industry, and took the bold step of becoming the first to specialize in premium size natural diamond manufacturing in India. This pioneering approach has allowed the company to differentiate itself from competitors, and cater to a unique market segment
4 min |
March - April 2024
Diamond World
GemGenève BUDDING DESIGNERS TO WATCH OUT FOR AT GEMGENEVE
Visitors to GemGenève's forthcoming edition, between May 9 and May 12, 2024, at Palexpo Hall 1, should not miss the amazing space known as the Designer Village. Bringing together rising stars of the gem and jewellery industry, the Village offers an uplifting overview of some of the most promising talents
3 min |
March - April 2024
Diamond World
Russian Diamond Imports ROUGH DIAMOND IMPORT DOWN BY 8% OWING TO G7-EU BAN: GJEPC
The phased ban on the import of Russian diamonds imposed by the G7 nations and the EU has thrown the global industry out of gear - India is particularly concerned as the livelihood of millions of people might be impacted. Vipul Shah, Chairman, GJEPC, talks to Suneeta Kaul about the steps that are being taken to address the challenges and mitigate the situation
5 min |
March - April 2024
Diamond World
THE NEW JEWEL IN TOWN: LAB-GROWN DIAMOND JEWELLERY TAKES CENTRE STAGE
Lab-grown diamond jewellery is not a fad. While many Indian retailers choose to be circumspect about jewellery laden with labgrown diamonds, which are chemically, optically and physically identical to natural diamonds, there is most definitely a revolution happening in this space, driven by demand backed by sheer affordability
10+ min |
March - April 2024
Diamond World
Guinness World Records Recognizes Largest Tanzanite Sculpture
On March 9, 2024, a momentous occasion took place at the Rice Northwest Museum of Rocks & Minerals in Hillsboro, Oregon, marking a historic milestone in the world of gemstones.
1 min |
March - April 2024
Diamond World
Signet Jewelers Reports 6.3% Decline in Q4
Signet Jewelers reported a 6.3% decline in total sales to $2.5 billion during the quarter that ended February 3, 2024. Same-store sales were down 9.6%, compared to the previous year.
1 min |
March - April 2024
Diamond World
GIA Opens New Lab in Dubai
Gemological Institute of America (GIA) opened a new, state-of-the-art diamond grading laboratory, GIA Laboratory DMCC (Dubai Multi Commodities Centre) in Dubai on February 19, 2024.
1 min |
March - April 2024
Diamond World
WFDB Concludes Annual Presidents' Meeting in Shanghai
The World Federation of Diamond Bourses (WFDB) concluded its annual Presidents’ Meeting for 2024, held in Shanghai, China.
1 min |
March - April 2024
Diamond World
GJEPC Presents 50th India Gem & Jewellery Awards to Export Leaders
The Gem & Jewellery Export Promotion Council (GJEPC) presented the coveted 50th India Gem & Jewellery Awards (IGJA, to exporters.
1 min |
March - April 2024
Diamond World
WDC Fixes Sept 21 as Deadline for Revised System of Warranties
The World Diamond Council’s revised System of Warranties is set to reach its first critical deadline on September 21, 2024.
1 min |
March - April 2024
Diamond World
Gemfields Profit Falls 86% on Cancelled Auction
Colour gemstones miner Gemfields has reported an 86% drop in pre-tax profit for 2023, due partly to the cancellation of a high-quality emerald auction in November, a lower number of carats sold and a write-down in its platinum group metals investments.
1 min |
March - April 2024
Diamond World
Okavango Diamond Company Joins NDC as Newest Member
NDC has welcomed its newest member, the Okavango Diamond Company (ODC), into its fold. This government-owned entity, focused on marketing rough natural diamonds, joined the ranks of industry leaders such as De Beers and other responsible mining enterprises.
1 min |
March - April 2024
Diamond World
Stargems Group Acquires the Koffiefontein Diamond Mine in South Africa
Stargems Group, based in Dubai, has acquired the Koffiefontein diamond mine in South Africa from Petra Diamonds, marking its third such acquisition in the country.
1 min |
March - April 2024
Diamond World
Lucara Diamond Corp. Discovers Large Diamonds at Karowe Mine in Botswana
Lucara Diamond Corp. recently announced the discovery of several significant rough diamonds from its latest production cycle at the Karowe mine in Botswana, with the largest standout weighing an impressive 320 carats.
1 min |
March - April 2024
Diamond World
Top Jewellery Trends You Can Anticipate This Year
Jewellery trends are not hard and fast - nor do they last for an appreciable period of time. But even so, there are some fads that become popular and show up in online searches as well as actual purchases. Here we take a look at the kind of jewellery that will be popular in the year 2024
6 min |
November - December 2023
Diamond World
PM inaugurates Mega Common Facility Centre at SEEPZ
Prime Minister Narendra Modi recently inaugurated (virtually) the commencement of the Bharat Ratnam Mega Common Facilitation Centre (CFC) in Mumbai’s SEEPZ Special Economic Zone, reiterating the Government’s support to the gem and jewellery sector. CFC is a flagship initiative promoted by the Ministry of Commerce and Industry, the Gem and Jewellery Export Promotion Council (GJEPC) of India, and the SEEPZ SEZ authority to drive exports.
2 min |
November - December 2023
Diamond World
Fabergé Celebrates 'The Year of the Dragon' with Game of Thrones-Inspired High Jewellery Collection
Fabergé, in partnership with Warner Bros. Discovery Global Consumer Products, celebrated the Lunar New Year, Year of the Dragon, with a dazzling high jewellery collection, ‘Chapter One: Dragon’, inspired by the HBO series Game of Thrones. Continuing its collaboration with WBDGCP, the Fabergé x Game of Thrones High Jewellery collection has been developed in partnership with Michele Clapton, the Emmy® and BAFTA® winning Costume Designer for Game of Thrones. These high jewellery creations are pieces of history in the making, set to delight fans, fusing Fabergé’s artistic ingenuity with the fantastical world of one of the most popular television shows.
1 min |
November - December 2023
Diamond World
Rio Tinto Dazzles in Europe with its Finest Pink, Red and Yellow Diamonds
Rio Tinto’s inaugural Beyond Rare Tender collection of rare pink, red, and yellow diamonds was showcased to an exclusive group of international connoisseurs, collectors, and luxury jewellers in Geneva and Antwerp.
1 min |
November - December 2023
Diamond World
Christie's Asia Luxury Sales Record $277 mn in 2023
In 2023, Christie’s Asia luxury sales reached a running total of US$277 million.
1 min |
November - December 2023
Diamond World
Surge in Rough Diamond Imports Persists Despite Supply Freeze in India
Despite a temporary halt in imports to address inventory concerns, India experienced a surge in rough diamond imports during October.
1 min |
November - December 2023
Diamond World
Leadership Shift at De Beers: Prager and Perry Depart, Tom Johnson Appointed General Counsel
De Beers Group announced that David Prager, Executive Vice President and Chief Brand Officer, and Ryan Perry, Acting Executive Vice President of Strategy & Innovation, have decided to leave De Beers in 2024.
2 min |
November - December 2023
Diamond World
De Beers, Botswana Government Spotlight Sustainable Development at Diamond Summit
Exploring the theme “Sustainability: People, Product and Planet”, the Natural Diamond Summit brought together leaders from Botswana’s government, its diamond sector and the wider international diamond industry to discuss the critical role natural diamonds play in driving sustainable development for producer countries. It also sought to deliver a call to action to the industry to unite on sustainability priorities for shared benefits.
2 min |
November - December 2023
Diamond World
UAE Commences Chairmanship of UN's Kimberley Process for 2024, Pledging a 'Year of Delivery'
The United Arab Emirates (UAE) has officially commenced its chairmanship of the Kimberley Process (KP), a crucial United Nations initiative aimed at preventing conflict diamonds from entering the mainstream rough diamond market. Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, has taken on the role of Chair of the Kimberley Process for the second time, following the UAE’s chairmanship in 2016.
1 min |
November - December 2023
Diamond World
Sarine Tech announces initial delivery of Sarine Auto Scan Plus
Singapore Exchange Mainboard (SGX) and Tel-Aviv (TASE)-listed Sarine Technologies Ltd, a worldwide leader in the development, manufacturing, marketing and sale of precision technology products for the evaluation, planning, processing, measurement, grading and trading of diamonds and gems, has announced growing demand from rough miners and wholesalers, and the initial delivery of the highly efficient and productive rough diamond parcels registration system, Sarine AutoScan™ Plus, serving as the gateway to the Sarine Diamond Journey™ traceability programme.
1 min |