As the shopping mall model evolves and online retail grows, Smith shares his predictions for the future of physical stores.
De Beers Launches $157M Marine Mining Vessel
The mv SS Nujoma is the first in a fleet of six ships that will be used for diamond exploration and sampling off the coast of Namibia.

Walvis Bay, Namibia--De Beers recently launched what it says is the world’s most advanced diamond exploration vessel, a $157 million ship that will search for diamonds off the coast of Namibia.
Christened the mv SS Nujoma after Sam Shafiishuna Nujoma, Namibia’s first president, the vessel was launched at a ceremony held June 15 in Walvis Bay, Namibia. Namibia is located in southern Africa, directly to the west of Botswana. Its entire western border is the Atlantic Ocean.
The mv SS Nujoma is the first in a fleet of six ships that Debmarine Namibia will use for exploration and sampling off the Namibian coast.
Designed by the De Beers Group in Cape Town, South Africa, and built in Ulsteinvik, Norway, the ship incorporates a range of techniques that allow it to sample faster, take bigger samples and collect more information per sample.
It also is the world’s largest diamond sampling vessel at 12,000 tons and 113 meters (371 feet) long, which is longer than Big Ben (96 meters) is tall. It has created 140 new jobs, the majority of which have been filled by Namibians.
Debmarine Namibia, a partnership between De Beers and the Namibian government, is the only company in the world to mine diamonds offshore, De Beers said. It produced about 1.2 million carats last year.
Mining of Namibia’s diamonds takes place at 120 to 140 meters (393 to 459 feet) below sea level, and ships like the mv SS Nujoma will allow Debmarine Namibia to increase resource development for its fleet of vessels that do the actual mining.
Commenting on the ship’s launch, De Beers Group CEO Bruce Cleaver said: “Offshore diamond mining is becoming increasingly important in meeting global demand for diamonds, as many of the major onshore deposits have now been discovered. The mv SS Nujoma will allow even more of Namibia’s high-quality offshore diamonds to be discovered and mined, ensuring a strong future for Namibia’s diamond industry, as well as the global diamond market.”
The Latest

The trade show is slated for Jan. 31-Feb. 2 at The Lighthouse in New York City's Chelsea neighborhood.

January’s birthstone comes in a rainbow of colors, from the traditional red to orange, purple, and green.

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

Footage of a fight breaking out in the NYC Diamond District was viewed millions of times on Instagram and Facebook.


The supplier has a curated list of must-have tools for jewelers doing in-house custom work this year.

The Signet Jewelers-owned store, which turned 100 last year, calls its new concept stores “The Edit.”

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

Linda Coutu is rejoining the precious metals provider as its director of sales.

Sparkle with festive diamond jewelry as we celebrate the beginning of 2026.

The master jeweler, Olympian, former senator, and Korean War veteran founded the brand Nighthorse Jewelry.

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

Executive Chairman Richard Baker will take over the role as rumors swirl that a bankruptcy filing is imminent for the troubled retailer.

Mohr had just retired in June after more than two decades as Couture’s retailer liaison.

Shekhar Shah of Real Gems Inc. will serve as president of the Indian Diamond & Colorstone Association in 2026.

This year’s good luck charm features the mythical horse Pegasus, and is our first Piece of the Week of the new year.

Articles about crime, engagement rings, and a necklace worn in the World Series generated the most interest among readers.

As part of the leadership transition, Sherry Smith will take on the role of vice president of coaching strategy and development.

It marks the third time the country has headed the Kimberley Process. Ghana will serve as vice chair.

The new Bulova x Stetson designs highlight two animals often associated with the American West—the bison and the Texas Longhorn.

Its residency at Yamron Jewelers will run through May 2026.

From influential executives to innovative designers, we pay tribute to the people we said goodbye to this year.

The retailer is expanding into areas with large Indian and South Asian populations.

The Italian brand has opened its first flagship amid the peaks of the Dolomites in Madonna di Campiglio, Italy.

The new curation at the Natural History Museum of Los Angeles County showcases rare gem and mineral specimens in their uncut, natural state.

The couple pleaded guilty to concealing at least $127 million in cash transactions at its precious metals businesses.

Consumers shared concerns about prices, inflation, tariffs, trade, and politics in the survey’s write-in response section.





















