De Beers Promotes 4 Internally, Neil Ventura Exits
In addition, De Beers’ head of human resources is moving over to parent company Anglo American.
Ventura, who has been with De Beers for 32 years, is leaving the company to “pursue other interests” and will be replaced by Ryan Perry, who will step up from his current role as head of strategy to become acting executive vice president of strategy and innovation.
Malebogo Mpugwa joins the committee as executive head of human resources, succeeding Joy Roman, who is leaving De Beers to head HR for parent company Anglo American’s Technical & Sustainability function.
Rasila (Ras) Vaghjiani becomes a member of the committee in her new role as executive vice president of transformation for De Beers.
And Riaan Burger joins the ExCo as CEO of Namdeb, the joint venture between De Beers and the Government of the Republic of Namibia.
The internal reshuffling comes a week after the company announced that current CEO Bruce Cleaver would be stepping down early next year.
Commenting on the changes, Cleaver said: “I’m delighted to have Riaan, Ras, Malebogo, and Ryan join the executive committee. We have a huge wealth of talent in the group with expertise right across the diamond value chain.
“Adding the breadth and depth of skills of the new appointees to the ExCo will be of great benefit as we continue to implement our strategy.”
He thanked Ventura for his more than three decades of service to De Beers, noting the roles the longtime executive has played in transforming the company’s auction business and helping to shepherd major initiatives, such as lab-grown diamond brand Lightbox and Tracr, De Beers’ blockchain platform, through their incubation phases.
He also thanked the departing head of HR, Roman.
“I … congratulate her on this new role that will be a fantastic opportunity for her as she builds on the experience she has brought to De Beers to lead the global people and organization strategy for Anglo American’s Technical & Sustainability function. I wish them both every success for the future.”
The Kruse GWS Auctions sale will include the replica “Taj Mahal” necklace Elizabeth Taylor made with Avon as well as a costume piece Marilyn Monroe wore.
Massimo Basei is moving up, while Chief Commercial Officer Martino Pessina is stepping down.
AGTA GemFair and the Denver Gem & Mineral Show also will have a presence on the show floor.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
Sold by Christie’s Hong Kong, this masterwork of complications now holds the record for most expensive watch ever auctioned online.
The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.
Adam O’Grady, general manager of the Lightbox Lab, has taken on the new role and will report directly to Lightbox CEO Antoine Borde.
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
The watch marketplace gathered data from 1.3 million collectors, highlighting the most popular timepieces and exploring value appreciation.
Burgundy has opted not to exercise its option to buy the mining claims Gibb River Diamonds currently owns.
The organization said it will recognize those who exemplify the idea that doing good is good business.
Kendall Jenner once again is fronting the French brand’s campaign, joined by model and dancer Alton Mason.
The CEOs of Signet, Helzberg, and GIA spoke on a water conservation panel, and had lakes named in their companies’ honor.
Sales of the sleek sterling silver and diamond design will go to nonprofit organization charity: water.
Expected to earn up to $4.5 million, the “Jarretière” bracelet is the star of Christie’s “The Magnificent Jewels of Anne Eisenhower” sale.
With jewelry sales coming down from their pandemic highs, retailers need to do all they can to retain existing customers, Peter Smith says.
Jewelry historians, authors, and experts will explore the works of Tiffany & Co., Oscar Heyman, Verdura, and more.
Johnson joined the retailer in 1987, establishing its first human resources department.
Supplier Spotlight Presented by IGI
The industry gathered to celebrate those who elevate the jewelry and watch industries.
At JSA’s annual luncheon, President John J. Kennedy said the organization recorded more than 2,000 cases last year.
It highlights Gabrielle “Coco” Chanel’s lasting influence on modern design.
Jewelers of America’s Amanda Gizzi explores the qualities and accomplishments that make this year’s Gem Award nominees shine.
Here’s what the nine chosen organizations plan to do with the funds.
The designer is nominated for a Gem Award for Jewelry Design.
The jewelry giant’s full-year sales were essentially flat, brought down by fourth-quarter declines.
In its recent results, the company highlighted non-bridal jewelry sales and said its “inventory-light” showroom model may change.