It purchased the “Grosse Pièce,” an ultra-complicated Audemars Piguet pocket watch from the ‘20s, for a record-breaking price at Sotheby’s.
Is Zimbabwe poised for bigger role in the KP?
As a journalist with experience in both the consumer and trade press, it’s always interesting to me what gets reported, and what doesn’t make the cut, following the industry’s more widely followed events, such as the recently concluded Kimberley Process plenary in Washington, D.C.
This report from the Associated Press focused on the decision made regarding the monitoring of Zimbabwe’s Marange diamond fields, with the failure to adopt a wider definition of “conflict” a close second.The headline on the AP story read, in part, “Blood diamond watchdog eases restrictions on Zimbabwe gems.”
The restrictions referenced in the story were those that came about following the 2011 plenary in the Democratic Republic of the Congo. In agreeing then to allow for the resumption of exports from two mines in Marange, the KP dictated that before exports from additional mines could resume, they first must be visited by monitoring teams to ensure that security at the mines was sufficient to issue KP certificates in good faith.
Monitors from non-governmental organizations also were dispatched to the mines and to local communities, and all found that Zimbabwe had done what the KP had asked of it.
And so the monitoring requirement, initially put into place for one year, lapsed. There was no vote on the issue.
The decision regarding monitoring, as KP Chairwoman U.S. Ambassador Gillian Milovanovic so eloquently put it in a post-plenary interview Tuesday, “is not a commentary on the generality of the situation in Zimbabwe.”
In other words, as has been rehashed countless times, the scope of the KP is limited. The KP’s so-called easing of restrictions on Zimbabwe is not an endorsement of where the money from diamond sales is going or how journalists are being treated in the country as its presidential election nears. It is simply saying: Zimbabwe did what the KP asked it to do and so there weren’t any grounds for extending the one-year monitoring clause, period.
(It’s also worth noting that in a post-plenary release in which it said it was “encouraged” by the progress made at the meeting, Jewelers of America reiterated that U.S. sanctions still prohibit all citizens here from dealing with the Zimbabwean entities that own or control mines in Marange.)
Meanwhile, one item from the meeting that largely has been overlooked, amid all the excitement over the easing of restrictions and the failure of the process to agree on a new definition for “conflict,” is that Zimbabwe is a country that, seemingly, is keen on becoming more involved in the KP.
Zimbabwe won approval to join or participate in a total of five committees: the Committee on Rules and Procedures,
When I asked Milovanovic about this on Tuesday she acknowledged that there is concern around making sure Zimbabwe’s increased involvement is “constructive.” At this just-past plenary, though, she notes that the KP members generally were cooperative and that no one member, including Zimbabwe, did anything to stymie the process’ progress.
Next year, South Africa takes over as chair of the KP and the largest issue on the table will be changing expanding the definition of conflict to include more general diamond-related violence, a measure that would expand the scope of the 10-year-old process and is badly needed.
How it will play out -- and what role a potentially more active Zimbabwe might play -- is anybody’s guess.
The Latest

Sponsored by Digital Monitoring Products

The boutique is slated to open this week inside Terminal 8, offering pre-owned Rolex watches and more to international travelers.

How Jewelers of America’s 20 Under 40 are leading to ensure a brighter future for the jewelry industry.

The lab-grown diamond grower now offers custom engagement and fashion jewelry through its Kira Custom Lab Jewelry service.


The special-edition egg pendant ingested in a New Zealand jewelry store was recovered after a six-day wait.

The “Love and Desire” campaign is inspired by the magic that follows when one’s heart leads the way, said the brand.

Roseco’s 704-page catalog showcases new lab-grown diamonds, findings, tools & more—available in print or interactive digital editions.

Two awardees will receive free tuition for an educational course at the Swiss lab, with flights and lodging included.

Berta de Pablos-Barbier will replace Alexander Lacik at the start of January, two months earlier than expected.

Sotheby’s held its first two jewelry sales at the Breuer building last week, and they totaled nearly $44 million.

Winners will receive free registration and lodging for its fourth annual event in Detroit.

Here are six ideas for making more engaging content for Instagram Reels and TikTok, courtesy of Duvall O’Steen and Jen Cullen Williams.

The honorees include a notable jewelry brand, an industry veteran, and an independent retailer.

Carlos Jose Hernandez and Joshua Zuazo were sentenced to life without the possibility of parole in the 2024 murder of Hussein “Sam” Murray.

Yood will serve alongside Eduard Stefanescu, the sustainability manager for C.Hafner, a precious metals refiner in Germany.

The New Orleans jeweler is also hosting pop-up jewelry boutiques in New York City and Dallas.

Set in a Tiffany & Co. necklace, it sold for $4.2 million, the highest price and price per carat paid for a Paraíba tourmaline at auction.

The jeweler’s “Deep Freeze” display showcases its iconic jewelry designs frozen in a vintage icebox.

Take luxury gifting to new heights this holiday season with the jeweler’s showstopping 12-carat sphene ring.

This year's theme is “Unveiling the Depths of the Ocean.”

In its annual report, Pinterest noted an increase in searches for brooches, heirloom jewelry, and ‘80s luxury.

Starting Jan. 1, customers can request the service for opal, peridot, and demantoid garnet.

The 111-year-old retailer celebrated the opening of its new location in Salem, New Hampshire, which is its third store in the state.

The new catalog features its most popular chains as well as new styles.

The filmmaker’s personal F.P. Journe “FFC” prototype was the star of Phillips’ recent record-setting watch auction in New York.

The new location in the Design District pays homage to Miami’s Art Deco heritage and its connection to the ocean.




















