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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

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

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 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

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 mins

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 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 mins

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 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 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

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

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

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

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

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

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

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 mins

'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

Read all Stories from Diamond World

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.