The De Beers Group CEO also discussed tariffs, Desert Diamonds, and the pending sale of De Beers in an interview with Michelle Graff.
Manufacturing company names new hires
Patrick Bennett, Jalpa Pandit and Joe Perillo are the new hires at Riva Precision Manufacturing, assuming roles in the company’s marketing, operations and product development departments.
New York--Patrick Bennett, Jalpa Pandit and Joe Perillo are the new hires at Riva Precision Manufacturing, assuming roles in the company’s marketing, operations and product development departments.
Bennett now is the chief marketing officer for Riva, where he will define growth opportunities and activate a brand vision for the company with a focus on expanding its “Made in America” promotion.
A GIA graduate gemologist, he previously served as vice president of operations at Riva and has 22 total years of experience in the fine jewelry industry, as president of Regina Andrew Design, a vice president at David Yurman and with Jewel America.
Another former David Yurman employee, Pandit has been appointed director of product development at Riva, with the company noting that her experience with international facilitation of product in European and Asian factories, as well as her GIA graduate gemologist diploma and jewelry design certificate, will help her lead her team.
Pandit managed sourcing and product development during her five-year tenure with David Yurman.
Leading all manufacturing operations will be Perillo in the newly created role of chief operations officer. Prior to joining Riva, he was the senior director of supply chain operations at PTR Baler & Compactor, holding several senior operations and supply chain management positions during his 25-year career there.
Perillo’s overall experience ranges from aviation technical operations in the U.S. Marine Corps and Continental Airlines to automotive parts manufacturing with Cardone Industries.
The Latest

The panel discussion will feature LGBTQ+ leaders across the jewelry, luxury, and creative industries.

Inspired by a locket that got run over, the “Smash” capsule collection reimagines the shape of Lichtenberg’s signature style.

As gold prices rise, today’s retailers are looking for alternatives at prices that will appeal to wider audiences.

The jewelry manufacturer has added Taylor Swift-esque diamond shapes, and more silver, gold vermeil, and gold-plated jewelry.


Morrison has been marketing diamonds on and off since the early 2000s and said she is leaving to “pursue new projects.”

Those born in June can celebrate with pearl, alexandrite, and moonstone jewelry.

With the trade and customer trust in mind, GIA® developed NextGem™ – on-demand training designed specifically for retail.

The platform allows retailers to guide clients through a customizable engagement ring buying experience in a branded interface.

Jim Springer, owner of Dunkelberger’s Fine Jewelry, is heading into retirement.

When conducting its May consumer confidence survey, The Conference Board asked extra questions about consumers’ budgeting strategies.

The “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.

The jewelry industry is reassessing its positioning as Gen Z reshapes the retail landscape and lab grown continues to gain market share.

Up for auction at Sotheby’s, the collection of Tempelsman’s personal effects includes a Cartier Tank watch Jackie O. gifted him.

The Miami-based fine jewelry brand will host its first summer residency in the Colorado mountain town from June 5 to Aug. 23.

The organization also announced its international board of directors for the 2026-2027 term.

Saks Global confirmed the closure this week, spelling the end for a store that’s been part of downtown Dallas for more than 100 years.

Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.

The Gemological Institute of America is now a 30 percent stakeholder in Tracr, the De Beers-backed blockchain for diamonds.

The retailer is bringing Rolex Certified Pre-Owned watches to five U.S. cities in 2026 for collectors to see, try on, and purchase.

The actress and entrepreneur stars in the jeweler’s new campaign that celebrates life’s quiet moments.

The price of gold has risen, affecting the number of pieces designers make, the materials they use, and how they position themselves.

The jewelry retailer is zeroing in on Zales, Jared, Kay Jewelers, and Blue Nile as it looks to create unique brand identities for each.

Dr. Akinwumi Adesina, a development economist, will head the fund created to help Botswana diversify its economy.

Sotheby’s has appointed the former Phillips executive as its global head of private sales and retail in its watches division.

A private collection of five Paraíba tourmalines also will be up for sale at Sotheby’s High Jewelry auction in New York, scheduled for June 16.

From Gen Z’s view of luxury to “doom spending,” these are the six consumer trends to note this year.























