Smith discusses how managers should handle a top performer's exit, warning that a poor response could have a lasting impact.
From Dubai, A Puzzling Press Release Follows KP Plenary
The Kimberley Process chair touted the passage of two “historic” agreements but others are saying that’s actually not what happened at the meeting.

Dubai, United Arab Emirates--Following the Kimberley Process plenary meeting in Dubai, the KP chair nation touted the passage of two “historic” proposals, which would be a huge step for a process that’s perennially unable to move forward on substantive issues.
The only problem: It doesn’t seem that either of the agreements actually passed.
On Thursday, the United Arab Emirates sent out a press release stating that at the meeting, members of the KP had reached a “historic agreement,” voting to approve the establishment of a permanent secretariat for the process and a proposal to establish a common fund for its Civil Society Coalition, the group of NGOs involved in the process.
The release, which was picked up by trade websites IDEX Online and Rapaport, quoted KP Chair Ahmed Bin Sulayem as saying that, “The historic decisions made today will have an enduring impact on the long-term sustainability of the KP and the diamond industry. We are very proud of the way that the KP family has come together to enact these vital proposals that will lend greater structure and transparency to the Kimberley Process Certification Scheme. I look forward to working closely with the next KP chair to ensure these initiatives are implemented efficiently and effectively.”
The release also stated that both proposals would go before the United Nations General Assembly for adoption before the end of the year.
However, several people with knowledge of the situation told National Jeweler that neither of these proposals passed at the meeting, with one observer calling the UAE’s press release a “mischaracterization” that is “quite unprecedented.”
The final communiqué from the meeting posted on the KP website backs this up, as it states that the plenary “recognized the effort and took note of” these two proposals made by the KP chair and “looked forward to continued discussion of these proposals under the incoming chair.”
It states nothing about either proposal passing, and their alleged “historic” passage also wasn’t mentioned by World Diamond Council President Andrey Polyakov in his closing remarks at the plenary.
In fact, according to a transcript of those remarks shared with National Jeweler, Polyakov said: “We believe it is necessary to work further on key initiatives such as the establishment of a permanent secretariat and an independent fund for financing the participation of NGOs.”
When asked about the discrepancy between the press release and others’ accounts of the meeting, a spokesman for the KP
The KP chair did not respond when pressed further on the issue.
Dan Thomas, a spokesman for the president of the UN General Assembly, did not respond to multiple inquiries regarding the KP.
The press release distributed by the KP chair following the plenary caps off a year in which Bin Sulayem has been very active, traveling to multiple diamond-producing countries, initiating a series of workshops on rough diamond valuation, and pushing the ideas of both a permanent secretariat and funding for the Civil Society Coalition.
In addition, 2016 marked the resumption of rough diamond exports from several areas of the Central African Republic, a nation that had been suspended from the KP since 2013.
But the year has also been one in which Bin Sulayem’s statements to the press have been called into question multiple times, including this one regarding the KP Civil Society Coalition just before the plenary.
And Bin Sulayem has been unable to mend fences with the coalition, which stood by its year-long boycott of the process and still is undecided on what it will do in 2017, said Zuzia Danielski, a spokesperson for Partnership Africa Canada, a coordinator for the coalition.
At the plenary, the KP did vote to readmit Venezuela, which voluntarily withdrew in 2008.
KP members also came to an agreement that Australia would be the next nation to head the process.
Robert Owen-Jones, who is the assistant secretary of the Australian Competitiveness Branch of the Department of Foreign Affairs and Trade, will be representing his country as chair.
Also at the plenary, the KP selected vice chairs for the next two years.
The European Union was tapped for the position in 2017 and India for 2018. This means the EU is in line to chair the process in 2018, followed by India in 2019.
In a press release sent out by the WDC following the meeting, Polyakov called the selection of two vice chairs an “extremely important precedent” that “will allow the KP to look ahead even further, empowering the stability and consistency of the organization.”
The Latest

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.

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

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.

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

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.

The show started by honoring Mildred Marcano, ended with a tearful Beth Anne Bonanno, and recognized a dozen-plus designers in between.

The miner said demand for higher-quality emeralds is stable, but there is notable caution in the market.

The “River of Heaven” necklace, our Piece of the Week debuting at Couture, combines 26 salt and pepper diamonds spaced by Tahitian pearls.

This year’s inductees include second-, third-, and fourth-generation jewelers.

The author, speaker, and entrepreneur will give his presentation, “Spiritual Billionaire,” on Saturday morning.

Three-time Grammy award-winning artist Nelly is set to perform at the annual event at Tao Beach on Sunday night.

Signet will integrate the online-only, natural diamond-focused jeweler into Blue Nile, which it wants to position as a higher-end retailer.

These up-and-coming jewelry brands are bringing their distinct aesthetic and unique point-of-view to the Design Atelier for the first time.

The lab’s proprietary diamond cut grade has been expanded to include the popular fancy shape.

This year, it’s what could happen outside of show hours that worries JSA Executive Vice President Scott Guginsky.

High-end fashion houses know how to emotionally connect with customers online. Retail jewelers should take note, Emmanuel Raheb writes.

The designers are the third cohort of mentees from the show’s Belonging @ Couture mentorship program.

Buying discipline at trade shows starts with clarity about your inventory levels, Smith writes.

The trade show’s education series returns, with sessions on retail trends, AI, watches, marketing, corporate responsibility, and more.

The Curated Designer Project has expanded to highlight eight independent jewelry designers during CBG’s Las Vegas show.

Bring a cool tone to your summer jewelry with these white metal pieces.



























