Diamond World Magazine - November - December 2023
Diamond World Magazine - November - December 2023
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In this issue
DIAMOND PRICE VOLATILITY REPORT: UNPACKING THE 2023 TRENDS
THE HITS & MISSES OF THE DIAMOND INDUSTRY IN 2023
TOP JEWELLERY TRENDS YOU CAN ANTICIPATE THIS YEAR
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 mins
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 mins
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
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
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
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
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 mins
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 mins
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
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
'THE ICONICS' EXQUISITE HIGH JEWELLERY COLLECTION FROM BEAUVINCE JEWELLERY
To mark the holiday season, Beauvince has come out with a collection that features the radiant beauty of yellow and white diamonds alongside vibrant emeralds and rubies. Aptly named The Iconics, the collection is all set to live up to its name
3 mins
JJS-IJ Design Awards 2023 20 winners announced in a grand ceremony
The JJS-IJ Design Awards is an annual ritual, with the Who's Who of the jewellery industry converging in Jaipur to attend the prestigious event. This year, as many as 20 winners won much-coveted awards in various categories
1 min
JJS 2023 JJS 2023 was all about increased footfalls, commerce and optimism
The 21st edition of JJS was held from December 22 to December 25, 2023, at the Novotel Jaipur Convention Centre. Focussing on both the B2B and B2C segments, the show was a great success -- more than one thousand retailers participated in it with great enthusiasm, and over 50,000 visitors marked their attendance
3 mins
Surat Diamond Bourse A NEW BEACON IN THE DIAMOND INDUSTRY
The SDB, spread over 35.5 acres of land, with nine towers and 4,500 offices is set to generate 1.5 lakh jobs and help achieve the Government's export targets for the gem and jewellery sector
4 mins
McKinsey & BoF THE STATE OF FASHION 2024
Looking toward 2024, the most prominent sentiment among fashion industry leaders is uncertainty, reflecting the prospect of subdued economic growth, persistent inflation, and weak consumer confidence. Against this backdrop, businesses will be challenged to identify pockets of value and unlock new drivers of performance
8 mins
THE HITS & MISSES OF THE DIAMOND INDUSTRY IN 2023
The going has been tough for the diamond industry in 2023 prices plunged by 20%, demand slowed down, roughs became difficult to source, consumer preferences veered away from the world's most loved stone, and there was an overall atmosphere of uncertainty. And yet, the industry stood its ground, finding ways and means to cope with the challenges. Here's an overview of the diamond industry in the year gone by
7 mins
DIAMOND PRICE VOLATILITY REPORT: UNPACKING 2023 TRENDS
The global diamond industry lost some of its sheen in 2023, with geo-political conflicts, falling demand, compromised supply of roughs, rising inflation and interest rates, environmental concerns, the onward march of synthetic diamonds, and so forth, creating road bumps
6 mins
Vicenzaoro September 2023 A Shining Showcase of Global Jewellery and Horology Excellence
In the picturesque Italian city of Vicenza, the annual Vicenzaoro jewellery trade fair unfolded its magic, drawing visitors from around the world
6 mins
Couture India 2023 - A Spectacular Showcase of Luxury Jewellery and Artistry
With over 1000 on-spot registrations and 200 hosted buyers from across India, Couture India Bridal Edit witnessed an astounding response from the industry
2 mins
Diamond Insight Report BRIGHT OUTLOOK FOR DIAMONDS IN CHINA, SAYS DE BEERS REPORT
De Beers has released its 10th annual Diamond Insight Report, focussing on China. It delves into the evolution of the demand for diamonds in China, the COVID-19 impact, category-wise specifics, growth drivers and bottlenecks, the outlook, and more
10+ mins
Tech-Enabled Determination Of Diamond Provenance IMPACT ON GLOBAL TRADE AND CONFLICT DIAMONDS
The diamond industry has been grappling with the problem of determining the provenance of diamonds for quite a while now. The Russia-Ukraine conflict has made the situation worse, with the need for establishing the origin of the stones becoming more pressing. In such a scenario, tracing technologies such as blockchain are assuming immense importance when it comes to keeping conflict diamonds out of global supply pipelines, finds out Suneeta Kaul
6 mins
Branding & Marketing THE REVIVAL OF SURREALISM IN MARKETING
Surrealist marketing has emerged as a captivating strategy for niche luxury brands. We delve into the world of surrealist marketing, its recent resurgence, and its appeal to high-end brands, supported by real-time examples and statistics
5 mins
Tiffany & Co SHOPPING (AND BREAKFAST) AT TIFFANY'S
Tiffany & Co has had a long and eventful journey since its inception in 1837; the brand has changed hands more than once and has seen its share of ups and downs. Regardless, it continues to be an iconic brand, emblematic of glamour and luxury
4 mins
The AI Revolution in Jewellery Design WILL GENERATIVE ARTIFICIAL INTELLIGENCE REPLACE HUMAN CREATIVITY?
Generative Artificial Intelligence (AI) is causing a stir in the world of jewellery design. Will AI replace human designers, or can they coexist in a harmonious creative partnership? Vijetha Rangabashyam explores the future of jewellery design -- a world where AI's limitless creativity and human touch merge to create captivating adornments. We speak to designers about how AI is reshaping the industry, offering efficiency, personalization, and boundless creativity
10+ mins
Sheetal Group Introduces New Logo after 38 Years
After 38 years, Sheetal Group, which describes itself as “Consistent in Purpose. Evolved in Presence”, unveils a new logo.
1 min
Tanishq Expands its Footprint in Qatar
Tanishq, a leading Indian jewellery retail brand, recently unveiled two new boutiques in Doha on the same day, reflecting its ambitious regional expansion strategy.
1 min
Cricketer Suryakumar Yadav Makes a Bold Statement in Men of Platinum's Latest Campaign
Capturing the essence of a true man of character, the brand welcomes leading cricketer “SKY” - Suryakumar Yadav into its fold. Selected as the face of its latest campaign, Suryakumar’s journey mirrors the enduring rare qualities that platinum stands for.
2 mins
Sotheby's Unveils Inaugural Luxury Retail Venue in New York
This 160-square-meter space offers a diverse array of products, including jewellery, watches, handbags, accessories, sneakers, upscale streetwear, art, and sports memorabilia.
1 min
Tracr and Sarine Partner for Diamond Traceability in G7 Nations
Tracr™ and Sarine Technologies Limited plan to collaborate on a scalable, cost-effective solution for use in tracking diamonds from their source to the point of entry into G7 countries.
1 min
Susan Jacques to Be Honoured with the 2024 GEM Award for Lifetime Achievement
Jewelers of America (JA), the national trade association for businesses serving the fine jewellery marketplace, and the GEM Awards Committee have announced that Susan M. Jacques, President and CEO of GIA, will be the recipient of the GEM Award for Lifetime Achievement at the 22nd annual GEM Awards taking place on Friday, March 8, 2024, at Cipriani 42nd Street in New York City.
1 min
Diamond World Magazine Description:
Publisher: International Journal House
Category: Fashion
Language: English
Frequency: Bi-Monthly
Diamond World is pure business magazine for gem and jewellery industry across the world. It includes analytical stories, interviews of prominent personalities, special features, company profiles, design columns, trend trakker and lot many news which one needs to get updated with.
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