IndependentsNov 09, 2026
More Information. More Confidence. One GIA Jewelry Report.The GIA Jewelry Report helps retailers answer customer questions with independent, science-based information from GIA—all in one report.
EditorsApr 18, 2012
Diamonds, the new safe haven?
Major changes are afoot at the world’s largest diamond miners: De Beers, BHP Billiton and Rio Tinto. After 80 years in the business, the Oppenheimer family likely will be out of the diamond trade by years’ end. Both BHP Billiton...
Major changes are afoot at the world’s largest diamond miners: De Beers, BHP Billiton and Rio Tinto. After 80 years in the business, the Oppenheimer family likely will be out of the diamond trade by years’ end. Both BHP Billiton and Rio Tinto have said they want to exit as well.
In a recent column, IDEX Online’s Edahn Golan said that he expects to see diamond funds and other forms of investment in diamonds begin operations within the year. He reiterated that same point when quoted in a story called “Diamonds as a Commodity” (which led with the question, “Could diamonds be the new gold?”) published by The New York Times on Friday.
The idea of diamond investment funds is one that has been talked about since I started working at National Jeweler more than four years ago. But is now the time for it to happen?
As noted above, there are major changes taking place in the industry. Though it has been said that it will be “business as usual” at De Beers, Anglo American is bound to have a different take on the business once the Oppenheimers are gone. While there has been much speculation about the future owners of the diamond mines operated by Rio Tinto and BHP Billiton, the latest reports have named a leveraged buyout firm called Kohlberg Kravis Roberts & Co. as a front-runner in the bidding war.
It’s also worth noting that last May, Harry Winston Diamond Corp., which reportedly also is interested in the diamond assets of BHP Billiton and Rio Tinto, announced that it was teaming up with a company based in Zurich to create a diamond investment fund. (Interestingly, it’s been noted how Harry Winston CEO Robert Gannicott said during the company’s recent conference call that diamonds are “too complex” to be treated as a commodity. Except for when, I guess, Harry Winston wants to treat them that way?)
There’s also the current world economic situation to consider. On Monday evening, I had dinner with an independent jeweler who said he was investing in natural color diamonds because he knows they are going to go up in value, unlike his stagnant stock portfolio, which still is struggling to recover from the
Editors' Picks
Sponsored by
beating it took during the downturn.
This retailer has at least one client who feels the same way; the two actually share ownership of a nice yellow diamond, which they (obviously) hope to sell for a profit eventually. And he said he’s interested in investing in more natural color diamonds.
I understand that one jeweler investing in a natural color diamond is not nearly as complex as launching an entire diamond investment fund. But I use this anecdote to make a point: Given all the economic instability in the world, people are looking for somewhere stable to put their money.
Are diamonds going to be it?
This retailer has at least one client who feels the same way; the two actually share ownership of a nice yellow diamond, which they (obviously) hope to sell for a profit eventually. And he said he’s interested in investing in more natural color diamonds.
I understand that one jeweler investing in a natural color diamond is not nearly as complex as launching an entire diamond investment fund. But I use this anecdote to make a point: Given all the economic instability in the world, people are looking for somewhere stable to put their money.
Are diamonds going to be it?
More on Editors
The Latest
TrendsNov 06, 2026
Pat Pruitt’s DragonFly Earrings Take Flight on Election NightGroundbreaking New Mexico Governor-elect Deb Haaland wore the earrings, our Piece of the Week, when she declared victory on Tuesday.
MajorsNov 06, 2026
SNL’s Colin Jost Finds the Perfect Gift in Kay Jewelers’ Holiday AdJost goes on an epic journey, traversing rough seas and encountering a cyclops, to discover the perfect holiday gift.
Brought to you by
How Overnight Mountings’ Bridal Builder Makes Custom Engagement Ring Design Easier to SellWith customization becoming more expected in engagement ring shopping, the Bridal Builder makes the process tangible.
Supplier BulletinNov 05, 2026
Winning With GCAL 8X®: What’s Working at the CounterSponsored by GCAL by Sarine
Weekly QuizNov 05, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
SurveysNov 05, 2026
What Retailers Should Know About Holiday Shoppers This YearFrom shrinking budgets to AI elves, here are five takeaways from holiday reports by Bain, Adobe, Mastercard, NRF, and insights from YouGov.
CollectionsNov 05, 2026
Judi Powers, Russell Jones Unleash Joy With New CollaborationThe designers combined their talents for Little Pet Portraits, hand-painted miniatures of our best friends set in a piece of jewelry.
Brought to you by
A Diamond Is Forever Launches 2026 Holiday Campaign Championing Natural DiamondsA Diamond Is Forever's holiday campaign reimagines natural diamond icons for a new generation celebrating individuality.
FinancialsNov 05, 2026
Brilliant Earth Continued to Resonate With High-Income Shoppers in Q3Its non-bridal fine jewelry remains the star of the show, recently launching new collections inspired by Elizabeth Taylor and Jane Goodall.
MajorsNov 05, 2026
Ariana Grande Stars In Swarovski’s Holiday Campaign“Joy: The Swarovski Musical” features Ariana Grande as the leading lady in scenes inspired by classic musical montages.
GradingNov 05, 2026
GIA to Offer Next-Day Holiday ServicesThe lab will bring back its complimentary next-day service for some reports starting next week.
CrimeNov 04, 2026
$250K+ in Undeclared Cartier Jewelry Seized at Philadelphia AirportA Pennsylvania woman failed to declare a ring and a bracelet, discarding the boxes and receipts to conceal the purchases, officials said.
FinancialsNov 04, 2026
Pandora’s Q3 Sales Up 7% Amid Focus on DesignNew collections and relevant marketing pushed the company forward, while Pandora’s lab-grown diamond sales continue to lag.
Events & AwardsNov 04, 2026
NYC Jewelry Week 2026 Is the Largest Edition YetThe citywide celebration, slated for Nov. 16-22, is set to host more than 175 events, including live jewelry-making demos.
MajorsNov 04, 2026
Bergdorf Goodman Names New PresidentLanessa Elrod, former president and CEO of Louis Vuitton Americas, has stepped into the role as the retailer celebrates 125 years.
AuctionsNov 03, 2026
Infinity Gauntlet Set With 170+ Carats of Colored Gemstones Up for AuctionA replica of one of the most powerful objects in the Marvel Cinematic Universe, the glove is heading to auction next month in Abu Dhabi.
IndependentsNov 03, 2026
Longtime Jewelry Marketer Arthur Klein Dies at 89Klein, who had his own marketing agency and worked for Gabriel & Co. and Trans American Diamond, is remembered as a kind man.
IndependentsNov 03, 2026
Zadok Jewelers Toasts To 50 Years With Diamond Bracelet GiveawayTo enter the giveaway, locals can purchase a featured beverage from one of eight participating restaurants in Houston and Austin, Texas.
Events & AwardsNov 03, 2026
David Yurman Gem Awards Grant Opens 2027 ApplicationsThe grant recipient will be awarded $50,000 as well as mentoring meetings with executives at David Yurman and other industry executives.
Events & AwardsNov 03, 2026
NAJA, Instappraise Name 2026 Scholarship WinnersThe winners include a non-NAJA member seeking training, a member beginning NAJA courses, and a member becoming a Certified Master Appraiser.
AuctionsNov 02, 2026
197-Carat ‘Romanov Sapphire’ Heads to Sotheby’s GenevaThe rare jewel, which has links to Russia’s Romanov dynasty, is estimated to fetch up to $2 million.
CrimeNov 02, 2026
Customs Seizes More Than 400 Fake Audemars Piguet WatchesIt is one of several seizures of counterfeit jewelry and watches by U.S. Customs and Border Protection officials in Louisville this year.
MajorsNov 02, 2026
Lawrence Bock, Caryl Capeci, Amanda Coleman-Phelps Join JA Board Jewelers of America announced the additions to its board of directors following its annual general meeting, held last week.
CollectionsNov 02, 2026
Olympian Kristi Yamaguchi, Heller Jewelers Expand ‘Always Dream’ CollectionThe jewelry collection supports Yamaguchi’s Always Dream foundation, which provides reading and educational resources to families in need.
Events & AwardsOct 30, 2026
Illuminating Carved Paraiba Pendant, Suite of Moonstones Wow at Spectrum AwardsSpectrum’s “Best of Show” honors went to a 101-carat Paraiba carved to look like Medusa that has a magnet-activated LED light.
TrendsOct 30, 2026
Edina Kiss’ Pendants Say ‘Eye’m Watching You’Our Halloween Pieces of the Week are four “Eye” pendants, each set with colorful gemstones.
MajorsOct 30, 2026
The RealReal Hires Former eBay Exec as New Chief Merchandising OfficerAlexis Hoopes expanded eBay’s “Authenticity Guarantee” program during her tenure.
