Originally slated to take effect in April, official U.S. Customs and Border Protection documents now show the implementation date as “TBD.”
A Fresh Concept, Unleashed
Designer Kara Ross has launched Diamonds Unleashed, a new company that aims to change the conversation around who buys diamonds for whom, and why, while emphasizing women’s empowerment.
I remember there being a bit of a buzz in Las Vegas earlier this year when De Beers announced the return of “A Diamond is Forever.” The company followed up with the announcement that it was dusting off its old “Seize the Day” campaign to do, as Rob Bates sagely observed, “generic advertising with an asterisk.”
But the decision to revive old campaigns has made me wonder: is the industry relying too much on the past—A Diamond is Forever is 68 years old at this point—in trying to reach consumers, particularly young consumers, of the present? Does putting a handful of hashtags in an old Seize the Day ad really constitute being forward-thinking and speaking to millennials about what matters to them?
New York-based jewelry designer Kara Ross doesn’t think so.
A few weeks back, after I wrote this blog post about the need to incorporate more about the good diamonds do into the marketing of the stones, Ross reached out to tell me about her new initiative, which aims to change the conversation about who buys diamonds for whom, and why.
She said she got the idea for her new business after she redid her engagement ring mounting into a snake shape, put it on her right hand and started asking herself, Why, in this era of increasing social and financial independence for women, do we still feel that we have to wait for someone to buy us a diamond?
The answer she came up with is that women shouldn’t feel that way.
The designer shut down her wholesale business, save a few one-of-kind pieces and handbags she’ll still sell in her Madison Avenue store, and launched Diamonds Unleashed.
Yes, I am aware that this is not the first time a diamond industry marketing initiative has emphasized the idea of female self-purchasing, e.g., the right-hand right. But Ross’s initiative has a number of interesting angles and is launching at a time when many young women are reviving the fight for equal rights. (See the actress Jennifer Lawrence’s recent essay on the gender pay gap in Hollywood.)
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Diamonds Unleashed is a line of jewelry (and other products, though jewelry is the main focus for now) manufactured by Diarough in India and sold in Ross’s store, on HSN (retail $99 to $2,000) and in Neiman Marcus ($750 to $10,000). Beginning in spring 2016, the line will begin using CanadaMark diamonds exclusively.
The line also has a charitable element. Like Toms Shoes and Warby Parker, two companies Ross admires, a portion of the sales go directly to one of two charity partners, both of which are female focused: She’s the First provides scholarships to girls in low-income countries, and Girls Who Code works to inspire young girls to pursue careers in computer science.
And then there’s the educational angle; Ross said she is planning a series of discussions on the modern-day women’s movement in major markets across the United States that will begin in 2016.
Ross said she is not trying to change the association diamonds have with love and marriage but, rather, to broaden the scope of why we buy diamonds, and to make women see that the words so often used to describe diamonds—strong, beautiful, multi-faceted, unbreakable—also apply to them.
Her long-term goal for Diamonds Unleashed is for its symbol—which is purposefully blue and pink to denote the need to mobilize men on women’s issues—to become synonymous with women’s empowerment, in the same way the pink ribbon is universally recognized in the fight against breast cancer.
“When you see this symbol,” she said, “you will know it’s about women’s empowerment.”
The Latest
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The recent jump in the prices of household staples, like eggs, and the potential impact of tariffs worried consumers.
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The application period for the program is now open for aspiring gemologists around the world.
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Emergencies can happen anytime, anywhere , and Jewelers of America has what you need to be prepared for it all.
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The work of Indigenous designer Joe Big Mountain, these earrings are similar to the pair Lily Gladstone just wore to the SAG Awards.
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A metal detectorist uncovered the ring created in memory of Sir Richard Rainsford, who presided over some of England’s last witch trials.
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Fine jewelry consultant and publicist Francesca Simons joins Amanda Gizzi and Natalie Francisco to discuss the trends set to rise this year.
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The jewelry industry faces challenges from lab-grown diamonds. A diamond ETF can restore natural diamonds' value and drive investor demand.
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Harlow’s partner, NBA player Kyle Kuzma, worked with Vobara to design the ring, which features oval and pear-shaped diamonds.
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The Danish jeweler released the next chapter of its “Be Love” campaign, which celebrates love in all its forms.
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The 13 lots on offer were comprised of material that previously went unsold at the miner’s November auction.
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The learning workshop and the convention are both scheduled to take place April 26 and 27 in Montgomery, Alabama.
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The EU, like the U.S., also now will require diamond importers to provide information about where exactly the diamonds were mined.
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The formal signing of the agreement comes nearly two years after De Beers and Botswana initially announced they had reached a new deal.
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The charity will celebrate Pandora CEO Alexander Lacik and Brilliant Earth CEO Beth Gerstein at its annual event in Las Vegas.
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Retailers need to have the right merchandise, marketing, and people in place to stay on top in a sea of uncertainty, Peter Smith writes.
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The parent company of HSN and QVC is undergoing a restructuring.
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The company’s newest brand ambassador Eiza González will also be featured in the ads for the women’s campaign.
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Declining supply and growing demand persist in the colored gemstone market, presenters from Gemworld said at AGTA GemFair Tucson.
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The designer’s new patent transforms the everyday clasp into her jumbo “Lobster Clasp,” modeled after the look of a crustacean’s claw.
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Kenewendo, Botswana’s minister of minerals and energy, will discuss the future of diamonds.
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Sales at the Rio Tinto-owned mine also slid by a double-digit percentage, falling 37 percent in a difficult market for diamonds.
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Heidi Gardner, an SNL cast member, wore the smoky quartz earrings on the “SNL50: The Anniversary Special” red carpet on Sunday.
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The reversal comes less than two months after the Zambian government reinstated the tax in an effort to bring in more money.
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The organization also announced its newly elected officers and directors.
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As anticipated, Anglo took another impairment charge on the diamond miner and marketer, which saw revenue sink 23 percent in 2024.
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Ronald Winston is giving the 2.33-carat “Winston Red” to the Smithsonian, 67 years after his father donated the Hope Diamond.