Annie Doresca and Michelle Graff welcome Reggie Johnson and Sheryl Jones for a frank conversation on the state of DEI in fine jewelry.
De Beers’ Third Sight of the Year Is Canceled
It was scheduled to take place this week in Gaborone, Botswana.
Gaborone, Botswana—De Beers Group has canceled its third sight of the year, which was scheduled to take place this week in Gaborone, Botswana.
De Beers called off the event due to travel restrictions put in place to help limit the spread of COVID-19.
It announced the cancellation in a statement released Monday, noting the restrictions on the movement of people and product in Botswana, South Africa and India specifically.
India’s prime minster instituted a 21-day nationwide lockdown on March 24 while South Africa started a three-week lockdown on Friday. The country had already closed its borders.
In Botswana, the government put a ban on visitors from high-risk countries, including the United States, earlier this month. The country was one of the last in the world without a confirmed case of COVID-19; the government reported its first confirmed cases on Monday.
De Beers is allowing sightholders to defer 100 percent of their sight three allocations to later
in the year and noted it “will continue to seek innovative ways to meet sightholders’ rough diamond supply needs in the coming weeks.”
After coming off a difficult year, the diamond miner and marketer showed signs of improvement at the start of 2020, with sightholder and auction sales up 10 percent over the same period last year.
But it didn’t take long for the coronavirus, which surfaced in Wuhan, China in late December and brought the country’s economy to halt soon thereafter, to take a toll on diamond sales.
Sales fell 28 percent year-over-year in February.
Jeff Gennette will step down in February 2024, passing the torch to the CEO of another notable retailer.
Artisan Martin Roberts fashioned lunar meteorites into 48 beads to create this out-of-this-world necklace.
Distinguishing natural diamonds from laboratory-grown stones – now more available than ever – has been difficult for jewelers. Until now.
As for new members, the organization welcomed Jewelers of America’s Annie Doresca and Parag Jain of Parag Diamonds.
Jacob & Co.’s new “Billionaire” timepiece features more than 200 carats of yellow diamonds.
Heidi Horten, wife of department store magnate Helmut Horten, collected jewelry from Bulgari, Cartier, Harry Winston and Van Cleef & Arpels.
De Beers Institute of Diamonds provides the very best in diamond verification, education and diamond services.
The jewelry industry insurer and solutions provider is celebrating 110 years in business this month.
The statement came as the National Retail Federation released its retail sales forecast for 2023.
Sotheby’s will auction the diamond, which it says is “arguably the most significant pink diamond to ever appear at auction,” in June.
The retailer, recently acquired by Signet Jewelers, will lay off 119 employees in July.
The Swiss watchmaker introduced 17 new models at Watches & Wonders Geneva.
As part of the promotion, Smith will share his sales expertise during a 90-minute training session.
At Watches & Wonders, the Swiss brand unveiled a follow-up to last year’s Tonda PF GMT Rattrapante.
The “rêve” collection’s engagement rings and wedding bands are geared toward “sustainability minded customers.”
A new word appears on the dial each day of the week.
Bensons Jewelers closed for good Feb. 24, impacted in part by the decline in foot traffic downtown since the onset of the pandemic.
Kolja Kiofsky has been with the crystal and jewelry company since 2010.
The Kruse GWS Auctions sale will include the replica “Taj Mahal” necklace Elizabeth Taylor made with Avon as well as a costume piece Marilyn Monroe wore.
Massimo Basei is moving up, while Chief Commercial Officer Martino Pessina is stepping down.
AGTA GemFair and the Denver Gem & Mineral Show also will have a presence on the show floor.
Sold by Christie’s Hong Kong, this masterwork of complications now holds the record for most expensive watch ever auctioned online.
The watch company expects first-quarter sales to fall as much as 15 percent due to inflation and tough comps.
Adam O’Grady, general manager of the Lightbox Lab, has taken on the new role and will report directly to Lightbox CEO Antoine Borde.
The watch marketplace gathered data from 1.3 million collectors, highlighting the most popular timepieces and exploring value appreciation.
Patented and specialty cuts now can receive an 8X Proprietary Certificate, which can be customized to include a company’s brand and logo.