Alrosa Suspends RJC Membership
The Russian diamond miner’s membership had been a point of contention, causing major companies to leave the organization.

The RJC board has voted to accept the suspension, the organization said in a separate statement issued a few hours after Alrosa’s announcement Friday.
“Due to the current unprecedented realities, Alrosa, as a company that cares for the industry as much as it cares for its mining communities, has decided to suspend its membership in the RJC,” said Alrosa.
The company said it will continue to uphold high standards of responsible business conduct and ethics, describing itself as “one of the major contributors to the sustainable development of this industry.”
“We have always stayed upfront on the sustainability agenda in diamond mining with clear vision as to our responsibilities to the communities and the regions of our operations, as well as how we run our business with our suppliers and clients. Our industry commitments are here to stay, as our full support to the RJC’s mission.”
The Russian company, which is one-third owned by the government, remains under U.S. sanctions following Russia’s invasion of Ukraine. Its continued membership in RJC had been a point of contention among members.
Pandora, Richemont and Kering confirmed publicly they were leaving RJC last week, citing the organization’s refusal to cut ties with Russian companies.
Watches of Switzerland did the same in a statement issued Thursday, noting that RJC’s approach to handling the situation “goes against the common values we expect from our industry in response to the situation.”
And designer Stephen Webster said in a statement he had withdrawn his application to be an RJC member.
“Our brand philosophy is to build a business to be a force for good, and we only look to collaborate with those who embody these same values,” said Webster.
RJC Executive Director Iris Van der Veken has also resigned over the organization’s handling of Alrosa’s membership.
In March, Alrosa stepped down as vice chair of the RJC but retained its RJC membership.
RJC said its board of directors began an independent, third-party legal assessment on March 3 in regard to Alrosa’s membership status.
As new sanctions rolled out in the U.S. and the U.K., more time was needed to complete the review, said RJC.
“We take governance seriously and want to ensure that any action we take is fully supported by law,” said RJC Chair David Bouffard.
RJC said it needed to ensure it had the authority, as per its constitutional documents, to take action, adding that taking any action before the legal review was completed would have exposed the organization to significant legal risk.
“The board of the RJC understands and respects Alrosa’s decision to suspend its membership and thanks them for their commitment over the last five years,” said Bouffard.
The Latest

JSA and Jewelers Mutual shared advice on spotting suspicious behavior, combatting cell phone jammers, and staying safe at home.

The fancy light blue diamond is estimated to fetch up to $2.6 million at Elmwood’s next week.

Experience gemstones with greater precision and comfort than ever before.

“Secret Language of Victorian Jewelry” unveils the meaning behind the symbols, motifs, and gemstones used in Victorian-era jewelry.


KIRAJewels.one gives retailers access to more than 500 SKUs of lab-grown diamond rings, earrings, necklaces, and bracelets.

This holiday season, look to pieces that will help to fill out customers’ everyday diamond jewelry wardrobe, experts say.

Submit your pieces for a chance to win in this year's competition.

The Natural Diamond Council is now The Diamond Collective and has announced a new strategy under CEO Amber Pepper.

Paul’s Jewelers sells coffee, chocolate, and cookies from a custom gold-wrapped trailer parked outside the store starting at 7 a.m.

The curation, opening soon at the Crystal Bridges Museum of American Art, honors the jeweler’s heritage through a distinctly American lens.

The jewelry giant has partnered with the famed makeup artist to create a colorful new collection of charms and rings.

The association will mark the milestone at its convention next month.

The jeweler donated school supplies to Memphis, Tennessee, students during the event combining basketball and mentorship.

People aren’t thinking rationally when they are buying luxury products, and we shouldn’t be selling them that way, Peter Smith writes.

The Baltimore Business Journal recognized the entrepreneur for her leadership in business and the jewelry industry.

The facility is located within SEEPZ and is GCAL by Sarine’s second location in India, joining its existing grading lab in Surat.

The four-day show is slated for Nov. 19-22 at the Metropolitan Pavilion in New York City’s Chelsea neighborhood.

Offered at Sotheby’s Hong Kong, the one-of-a-kind white gold watch now holds the title of most valuable Cartier wristwatch sold at auction.

Bernstein-Gulla has been working in the jewelry industry for 40 years, most recently as chief engagement officer for Hill & Co.

The relocated Glendale store, now at The Americana at Brand, was designed to be a contemporary “timepiece haven” inspired by luxury resorts.

The top lot of the auction house’s Hong Kong jewelry sale was an Art Deco Mauboussin necklace with ruby beads, which sold for $2 million.

Retailers and manufacturers headed to the Capitol this week to discuss tariff exemptions for diamonds and gemstones, among other issues.

Our Piece of the Week is a pair of drop earrings from the “Sway” collection featuring Nanis’ first use of mirror-polished gold.

SynthDetect 2 can scan a full tray in less than five minutes, De Beers said, making it six times faster than its predecessors.

Two metal detectorists discovered the ring, which may have belonged to English noblewoman Matilda of Lancaster, in Suffolk.

The bill has a provision that allows the president to raise tariffs on countries that import Russian oil and gas to as much as 100 percent.

























