IndependentsJun 15, 2026
DeBoulle Diamond & Jewelry to Renovate Dallas FlagshipThe revamped, elevated space will feature a two-story Patek Philippe atelier and a rooftop patio for parties.
EditorsJul 21, 2009
Less media, more sightholders
So I found out yesterday that we’ve lost two more industry publications. Cygnus Business Media announced Monday it was "suspending" publication of four titles and that, unfortunately, happened to include Modern Jeweler and its high-end sister publication Lustre. My heart...
So I found out yesterday that we’ve lost two more industry publications.
Cygnus Business Media announced Monday it was "suspending" publication of four titles and that, unfortunately, happened to include Modern Jeweler and its high-end sister publication Lustre.
My heart goes out to everybody at Modern and all other industry journalists that have found themselves out of work lately.
In any case, I just wanted to blog a little bit about two interesting bits of industry news that haven't gotten as much press as one might have thought, perhaps because there's less and less of us to report the news.
Last week De Beers announced — in a move even the company acknowledged as “exceptional” — it was adding a Botswana sightholder in the middle of the contract period, Shrenuj Botswana (Pty) Ltd.
The Indian company will be taking over a struggling cutting and polishing factory in the capital city of Gaborone, saving 150 jobs and helping to keep this wonderful country's diamond industry humming.
I'm not exactly clear how swapping one company for another is going to save a diamond factory from extinction in this economy.
I can only speculate that Shrenuj must have a stronger downstream marketing campaign than its predecessor, perhaps targeting a segment of the economy or a part of the world where diamonds actually are selling right now.
This is Shrenuj Botswana's first go-round as a Diamond Trading Co. (DTC) sightholder though its parent company, Shrenuj India Group, has had a sight with the DTC since 1982.
This is an interesting move, for sure.
Earlier this year, as demand reached a near standstill and sights shrunk to microscopic levels, De Beers introduced the idea of siphoning off its extra rough on non-sightholders, causing many to wonder if De Beers would go back to some of the companies it cut in the last realignment.
But they eventually announced that they had abandoned that idea.
A De Beers rep in Botswana said De Beers doesn't anticipate adding any more sightholders, but I guess only time will tell on that one.
In other industry news, there is yet another jewelry industry organization out there, the International Diamond Board, which is essentially the diamond industry's answer to making De Beers’ iconic “A Diamond is Forever,” or something similar, forever.
This organization is supposedly going to bring everybody - the Russians, Australians, Israelis, Indians, Americans, Africans, etc. - together to figure out an advertising campaign that, quite
Editors' Picks
Sponsored by
simply, will make consumers want to buy more than just an engagement ring.
I think it's a cool concept and one that the industry definitely needs.
From a 30-year-old woman's perspective I can tell you that my friends and I don’t spend our money buying real diamond jewelry.
We’ll drop hundreds, even thousands, on designer handbags that are out of style/worn out/we are sick of in two years or cell phones that can do everything but cook dinner.
It truly is a better investment to buy fine jewelry, particularly diamonds, but that's something that needs to be pointed out to people, young women like myself in particular.
So good luck to the International Diamond Board, which I'll call "IDB."
I don't think those initials are taken yet.
I think it's a cool concept and one that the industry definitely needs.
From a 30-year-old woman's perspective I can tell you that my friends and I don’t spend our money buying real diamond jewelry.
We’ll drop hundreds, even thousands, on designer handbags that are out of style/worn out/we are sick of in two years or cell phones that can do everything but cook dinner.
It truly is a better investment to buy fine jewelry, particularly diamonds, but that's something that needs to be pointed out to people, young women like myself in particular.
So good luck to the International Diamond Board, which I'll call "IDB."
I don't think those initials are taken yet.
More on Editors
The Latest
WatchesJun 15, 2026
G-Shock, Coca-Cola Partner on Bottle-Inspired WatchThe special-edition piece marks the 140th anniversary of the iconic beverage brand.
TrendsJun 15, 2026
Amanda’s Style File: Tiny Charms Are TrendingHere are 13 small charms to inspire your layered looks this summer.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
AuctionsJun 12, 2026
16th-Century ‘Hogback’ Diamond Ring Going Up for Auction in LondonFound by a metal detectorist, the ring likely belonged to a wealthy, possibly royal, owner, said Noonans.
Weekly QuizJun 11, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsJun 12, 2026
Chouette Designs To Launch Collection Celebrating All Types of LoveOur Pride Month Piece of the Week, the “Margaux” ring, is part of the wife-and-wife team’s new “Lovestoned” collection.
Events & AwardsJun 12, 2026
CBG Announces Plans for Phoenix ShowThe group has named the keynote speaker and announced a new pavilion for its next event, which is slated for September.
Brought to you by
All Eyes on Gold Prices. Alternatives to Look For. And What to BEWARE of in VegasAs gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.
SourcingJun 11, 2026
Grandview Klein, London Jewelers Partner To Cut 63-Carat RoughThe big stone will be fashioned into a 20.26-carat diamond in celebration of the retailer’s 100th anniversary this year.
MajorsJun 11, 2026
Former Cartier Creative Director To Head Chanel’s Jewelry Creation StudioMarie-Laure Cérède will join Chanel as the new director of its jewelry creation studio, starting in October.
Lab-GrownJun 11, 2026
Smiling Rocks’ ‘Wish Jar’ Generates 100+ Wishes in Las Vegas At the JCK show, the lab-grown diamond brand teamed up with Jewelers for Children to support Make-A-Wish India.
SourcingJun 11, 2026
Signet Jewelers Exec Joins Diamonds Do Good BoardIlana McCabe is Signet’s vice president of public relations and brand communications.
AuctionsJun 10, 2026
31.62-Carat ‘Azure Blue’ Diamond Sells For $8M+ at Christie’sIt was a banner day for blue gemstones, with another blue diamond topping $8 million and a 41-carat sapphire going for $2.3 million.
MajorsJun 10, 2026
Saks Global Receives Bankruptcy Court Approval for ReorganizationThe approval means the retailer is on track to exit bankruptcy proceedings this summer.
CrimeJun 10, 2026
2 Suspects Arrested in Texas Jewelry Store RobberyThe men are believed to be part of the group of several masked suspects that robbed Marc Robinson Jewelers in April.
CollectionsJun 10, 2026
Sylvie Debuts ‘Elevated’ Bridal Collection Inspired By Designer’s RingThe bridal-focused brand is also launching its Custom Atelier this summer, a digital custom design tool for its authorized retailers.
MajorsJun 09, 2026
Wilkerson's Russ Whitehouse RetiresThe industry veteran is bringing his 56-year run in the fine jewelry sector to an end.
Events & AwardsJun 09, 2026
Pride Month Panel to Highlight LGBTQ+ Jewelry VoicesThe panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.
CollectionsJun 09, 2026
Marie Lichtenberg’s New Capsule Collection Is a Smash, LiterallyInspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.
MajorsJun 09, 2026
Frederick Goldman Names Director of Sales for SoutheastThe company has promoted Katherine Whitacre to the role.
MajorsJun 08, 2026
Stuller Expands Selection of Lab-Grown Diamonds, Demi-Fine JewelryThe jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.
SourcingJun 08, 2026
Sally Morrison to Depart De Beers This Summer Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”
TrendsJun 08, 2026
Amanda’s Style File: June’s Birthstone TrioThose born in June can celebrate with pearl, alexandrite, and moonstone jewelry.
TechnologyJun 08, 2026
Overnight Mountings Launches Ring Builder PlatformThe platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.
IndependentsJun 05, 2026
Pennsylvania Jewelry Store To Close After 79 YearsJim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.
SurveysJun 05, 2026
Consumers to Cut Back on Spending Amid Rising Prices, Survey Shows When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.
CollectionsJun 05, 2026
Rebel Jewelry’s Charm Symbolizes Perseverance for Pride MonthThe “Tunnel” charm, our Piece of the Week, celebrates Pride Month with its design inspired by hope and the light at the end of the tunnel.
