More than 250 gem, jewelry, and mineral companies are expected to exhibit, including the American Gem Trade Association.
US Treasury Department Sanctions 2 More Myanmar Companies
The holding companies are linked to the military and are involved in mining.
The department’s Office of Foreign Assets Control has designated Myanma Economic Holdings Public Company Limited and Myanmar Economic Corporation Limited, it said in a recent statement on its website.
OFAC is implementing sanctions on the companies because the Burmese military—which owns gemstone entities—“controls significant segments of the country’s economy through these holding firms,” dominating mining and natural resources, trading, consumer goods and more.
The designation comes in addition to sanctions previously placed on three colored gemstone companies: Myanmar Ruby Enterprise, Myanmar Imperial Jade Co. Ltd., and Cancri Gems & Jewellery Co. Ltd.
According to the White House, these three companies are “wholly owned subsidiaries of a conglomerate owned or controlled by the Burmese military.”
When National Jeweler covered the first set of sanctions, Sara Yood, senior counsel at the Jewelers Vigilance Committee, sent a statement that continues to apply to the situation in Myanmar.
She said: “JVC’s recommendation to businesses is to make inquiries into their colored gemstone supply chains to determine if they are directly or indirectly doing business with these entities, and if so, to immediately stop doing business with them.”
The sanctions come in response to the Feb. 1 coup in the country, in which the military junta seized power, ousting leader Aung San Suu Kyi and detaining other key government officials.
The move has led to widespread civilian protests many civilians to protest, resulting in bloody clashes between Myanmar’s people and the military.
According to the Associated Press, security forces have killed at least 581 protesters and bystanders through Tuesday in their crackdowns on protestors.
Additionally, a group representing the country’s ousted government officials has gathered evidence showing human rights abuses by the military, including executions, torture and illegal detentions, and will present it to UN investigators, The Guardian reported.
This year’s Design Atelier is full of gems.
They’re a testament to the power of excellent design.
The most trusted diamond report, available in print or the GIA App.
This year’s honorees include one of Florida’s largest independent jewelers and two multi-store independents in the Chicago and New York areas.
The industry’s most influential contemporary designers are showcasing their latest jewelry designs.
Created by Maitri Lab-Grown Diamonds and graded by IGI, it’s slightly bigger than the record-setting lab-grown diamond GIA just examined.
Navigate origin determination with Continuing Education seminars offered by the GIA Alumni Collective™.
The marketing agency has integrated its first C-suite.
The jewelry trade show also will debut educational content centered around social media.
Luxury kicks off today, with the full show in swing on Friday.
One of the three new collections was inspired by the legend of a woman who traded her mansion to Cartier for two strands of natural pearls.
Rob Ballew will be tasked with communicating the jewelry giant’s plans and financial performance to investors.
With the app, customers receive a 15-day insurance offer on new purchases while their coverage needs are being evaluated.
It is in House of Showfields, a bazaar-style retail space in the borough’s Williamsburg neighborhood.
From consumer trends to retail technology, these are the JCK Talks sessions that should be on attendees’ radar.
Signature pieces from Cartier and David Webb will appear in the June jewelry auction.
They will be celebrated at the annual dinner dance and gala in the fall.
Gemologists have long used machines in diamond grading but technology has made it possible for them to “learn” how to do it on their own.
Supplier Spotlight Sponsored by IGI
Watch retailers Jeffery Bolling and Bobby Bengivengo discuss employee training, customer education and the sticky subject of future value.
The company has plans to revamp the Movado brand and offer less expensive watches this year.
Set with a 118-carat unheated Sri Lankan sapphire, it just sold for $3.4 million at Phillips jewelry auction in Hong Kong.
Sponsored by Noam Carver
As cybercrime incidents threaten the industry, jewelers need to know what they’re up against and the best ways to protect their businesses.
The Pittsburgh jeweler is redoing the lighting and showcases, and adding a full hospitality bar as well as new shop-in-shops.
The Yurman Family Crystalline Pass is inside the museum’s brand-new Richard Gilder Center.