A total of 126 million consumers shopped in stores over the five-day period, about 5 million more than last year.
Is Your Jewelry Producer Committed to Sustainability and Ethicality?
Sponsored by Hari Krishna Exports Pvt. Ltd.
According to Rapport Report 2024, diamond-selling won’t be greatly affected as they are not sold out of price like other gemstones, but are bought considering ethicality and sustainability.
Hari Krishna Exports Pvt. Ltd. (HK) treat sustainability concerns as an integral part of diamond sourcing and making processes, not just a secondary CSR matter.
Beyond environmental responsibility, true ethical sourcing goes hand-in-hand with ensuring the well-being of people involved in the diamond's journey. This translates to fair labour practices, safe working conditions, and eliminating child labour from the equation. Ethical companies prioritise empowering local communities and fostering a positive social impact in the diamond's origin regions.
What can be considered ethical and sustainable?
Responsibly-sourced diamonds are when they don't come from zones where people are exploited in mining diamonds. On top of that, there are more indicators to determine how a diamond-manufacturing company is committed to sustainability and ethicality:
- Initiatives like organizing employee trips and encouraging community figures to participate in environmental projects demonstrate a commitment to the well-being of the people around the diamond's origin.
- Activities like plantation drives and rejuvenating water sources showcase efforts to replenish and revitalise the environment, especially those impacted by mining activities.
- Using solar panels for factory energy consumption highlights a shift towards clean and sustainable power sources, reducing the diamond's carbon footprint.
- Utilizing technology like tracr and iTraceiT to track diamonds from mine to the customer ensures ethical sourcing throughout the supply chain.
The Latest
The FTC’s Jewelry Guides require “clear and conspicuous” disclosure when advertising lab-grown diamonds.
The fine jewelry designer, who came out of retirement in 2017, is putting down his sketchpad for good.
While no reputable jeweler would knowingly sell lab-grown stones as natural, it's a growing possibility.
The Type IIa, very light pink colored diamond was the highlight of the recent Hong Kong jewelry auction.
John Willard Craiger, 83, fatally shot jeweler Ghazi “Gus” Michel Osta following an argument in the store.
In his latest column, Smith provides a list of questions every business needs to be asking their next potential leader.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
An innovative artist inspired by the natural world, Lehrer is remembered for being a visionary and a shining light.
Jérôme Lambert returns as CEO of Jaeger-LeCoultre, while Laurent Perves takes the lead role at Vacheron Constantin.
The extravagant gifts in this year’s “A Neiman’s Fantasy” Holiday Book range from a Messika diamond necklace to pavé diamond cowboy boots.
Owners Greg and Lynn Bires are heading into retirement.
The industry veteran is remembered for his faith, his dedication to his family, his wealth of knowledge and his generosity in sharing it.
PricewaterhouseCoopers’ 2024 holiday trends survey took a 10-year look back to see what mattered to consumers then versus now.
Monique Lhuillier and Kay Jewelers collaborated to create the pieces, which were offered at the recent Baby2Baby gala.
Botswana joins Antwerp as a certification center for rough under the G7 ban on Russian diamonds.
The miner said its November sale, which earned $16.1 million, felt the effect of competitive pricing by a rival Zambian producer.
Mignon Faget honors its hometown of New Orleans with a piece inspired by “The Crescent City.”
The London-based business-to-business diamond and gemstone marketplace just closed on a $51 million round of Series C funding.
“Forever Present” highlights gifting opportunities for natural diamonds, celebrating familial, friendship, and romantic relationships.
It’s one of the most impressive assemblages of the French designer’s pieces ever to come to auction, Christie’s said.
Successful email marketing campaigns are all about timing, personalization, and compelling CTAs, Emmanuel Raheb writes.
Retail leader Lisa Bridge and geology professor Dr. Wendy Bohrson joined the organization’s board.
Look out for a black bear wearing a purple Santa hat and its zippered tummy pouch made for holding a holiday gift from Ben Bridge Jeweler.
“The William Goldberg Way” was released in honor of the company’s 75th anniversary and 25 years of its proprietary Ashoka diamond.
Fenix and Dholakia Lab-Grown Diamonds have jointly acquired the Israel-based company, which grows diamonds using solar power.
The Danish brand has opened an appointment-only location on Madison Avenue in New York City.