IndependentsMay 09, 2025
Lugano Diamonds CEO Resigns Amid Internal InvestigationMoti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
EditorsOct 04, 2012
What’s in a name (change)?
Earlier this week, news broke of a renaming and corporate identity consolidation underway at De Beers, a company in the midst of a major transition as the Oppenheimer family exits the diamond business and Anglo American ups its stake. The...
Earlier this week, news broke of a renaming and corporate identity consolidation underway at De Beers, a company in the midst of a major transition as the Oppenheimer family exits the diamond business and Anglo American ups its stake.
De Beers said that these changes are only the tip of the iceberg, a “piece of work,” in a long-term effort to transform its sales and production strategy, and that it will divulge more about additional changes in the coming months and years.
So, the question on the industry’s mind now is: What will these other changes entail?
Several hours after news of the renaming surfaced on Tuesday, I happened to be interviewing industry analyst Ben Janowski for a separate story. The conversation inevitably drifted to that day’s news.
Janowski reminded me of a previous talk we had back in November, where he said Anglo American could eventually transition to simply being a mining company that sells its goods via auctions, sans the sightholder system.
What happened on Tuesday, he said, is just a harbinger of future simplification, which could include a very gradual phasing out of sights.
It’s a prediction that Janowski, and others, have made before. What made sense as a sales model for the De Beers that controlled 85 to 90 percent of the world’s supply of rough diamonds doesn’t necessarily jibe for an Anglo American that now has just 35 percent.
But what about Forevermark, De Beers’ branded diamond that only recently launched in the U.S. market? Some have predicted that Forevermark eventually will be phased out too, just like the sightholder system. Yet having a consumer-facing diamond brand seems to be in line with De Beers’ realignment, which seeks to put the consumer at the front of the diamond pipeline.
De Beers, for their part, has denied repeatedly that they are going to eliminate either the sightholder system or Forevermark. De Beers Executive Director and Forevermark CEO Stephen Lussier told me as much back in November. And in her letter to sightholders reprinted in the
IDEX Online story, DTC CEO Varda Shine stressed that these changes are in name only, not in structure, and calls the sightholders an “integral” part of De Beers’ focus going forward.
For my part, I think it is difficult to tell exactly what changes Anglo American, which now controls 85 percent of De Beers, will make to the business in the coming months and years, especially given how rapidly the world around us changes these days.
For my part, I think it is difficult to tell exactly what changes Anglo American, which now controls 85 percent of De Beers, will make to the business in the coming months and years, especially given how rapidly the world around us changes these days.
More on Editors
The Latest
CollectionsMay 09, 2025
Pieces of the Week: Marie Lichtenberg’s Collaborations for Mother’s DayLichtenberg partnered with luxury platform Mytheresa on two designs honoring the connection between mothers and daughters.
SourcingMay 09, 2025
Gemfields Resumes Emerald Mining in ZambiaThe miner announced plans to recommence open-pit mining at Kagem.
Brought to you by
Las Vegas Antique Jewelry & Watch Show: Showcasing the Most Collectible Merchandise from Across the GlobeGain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.
CrimeMay 08, 2025
Former NYC Jewelry Store Employee Arrested in 2017 Choking Death of Boss Michel Desalles allegedly murdered Omid Gholian inside World of Gold N Diamond using zip ties and then fled the country.
Weekly QuizMay 08, 2025
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Supplier BulletinMay 08, 2025
Instappraise Introduces Game-Changing Trifold Appraisal FormatSponsored by Instappraise
FinancialsMay 08, 2025
Brilliant Earth Notes an Uptick in Engagement Ring Sales in Q1CEO Beth Gerstein discussed the company’s bridal bestsellers, the potential impact of tariffs, and the rising price of gold.
Brought to you by
Watch: The Winston Red: GIA Examines the Smithsonian’s Newest AdditionSupplier Spotlight Sponsored by GIA
IndependentsMay 08, 2025
Margot McKinney Lands in the U.S. With New BoutiqueThe brand’s first independent location outside of Australia has opened in Beverly Hills, California.
IndependentsMay 08, 2025
Verragio Announces New Regional Sales ManagerCathy Marsh will lead the jewelry company’s efforts in the upper Midwest and western United States.
FinancialsMay 07, 2025
Pandora Posts Strong Q1, Plans for TariffsThe company has multiple strategies for dealing with tariffs, though its CEO said moving manufacturing to the U.S. is not one of them.
ColumnistsMay 07, 2025
The Smart Lab: Building a Seasonal Marketing Strategy for Mother’s Day and BeyondConnecting with your customers throughout the year is key to a successful holiday marketing push.
SourcingMay 07, 2025
Gemfields Says Emerald Sales Improved in Latest AuctionIts commercial-quality emerald sale held last month totaled more than $16 million, up from about $11 million in September 2024.
TechnologyMay 07, 2025
Punchmark’s Latest Podcast Features a Very Special Guest National Jeweler Editor-in-Chief Michelle Graff joined Michael Burpoe to talk tariffs, consumer confidence, and the sky-high price of gold.
AuctionsMay 06, 2025
Harwell Godfrey Reimagines 10-Carat Blue Diamond for Met Gala-Ready BroochDesigner Lauren Harwell Godfrey made the piece as an homage to the 2025 gala’s theme, “Superfine: Tailoring Black Style.”
Events & AwardsMay 06, 2025
Here’s Who Made Jewelers of America’s New ‘20 Under 40’ ListExpanded this year to include suppliers, JA’s 2025 list honors 40 up-and-coming professionals in the jewelry industry.
IndependentsMay 06, 2025
Sissy's Log Cabin Opens New StoreLocated in Fort Smith, it’s the Mid-South jeweler’s first store in Northwest Arkansas.
IndependentsMay 06, 2025
Gunderson’s Jewelers to Be Featured on ‘World’s Greatest’ TV SeriesThe episode about the family-owned jeweler will premiere May 17.
IndependentsMay 05, 2025
Zadok Jewelers Opens Store in AustinThe Houston-based jeweler’s new 11,000-square-foot showroom will include a Rolex boutique.
AuctionsMay 05, 2025
Nancy Astor’s Cartier Tiara Heads to AuctionThe turquoise and diamond tiara hasn’t been on the market since it was purchased by Lord Astor in 1930.
SourcingMay 05, 2025
Crater of Diamonds Yields 4-Carat Brown Diamond“The Duke Diamond” is the largest diamond registered at the Arkansas park so far this year.
TrendsMay 02, 2025
Ring Concierge, Kraft Partner on Mother’s Day Macaroni Necklace The childhood craft of making dried pasta necklaces for Mother’s Day is all grown up as the 14-karat gold “Forever Macaroni” necklace.
CollectionsMay 02, 2025
Piece of the Week: Angely Martinez’s Emerald Promise RingSet with May’s birthstone and featuring an earthworm, this ring is a perfect celebration of spring.
MajorsMay 02, 2025
Stuller’s New Bridal Catalog Is Here“Bridal 2025–2026” includes popular styles and a dedicated section for quick pricing references of lab-grown diamond bridal jewelry.
SourcingMay 01, 2025
Tariffs & Colored Gemstones: Relying on Stock, Considering the Ripple EffectThough currently paused, high tariffs threaten many countries where gemstones are mined. Dealers are taking measures now to prepare.
MajorsMay 01, 2025
Peek Inside David Yurman’s New Miami Flagship StoreLocated in Miami’s Design District, the 4,000-square-foot store is an homage to David and Sybil Yurman’s artistic roots.
TrendsMay 01, 2025
Amanda’s Style File: 20 Pieces of Emerald Jewelry for MayMay babies are lucky indeed, born in a month awash with fresh colors and celebrated with one of the most coveted colored gemstones.
