The 111-year-old store will close following a dispute among Saks Global, a landlord, and the City of Dallas over a small piece of land.
Civil society orgs boycotting Kimberley Process
The organizations that comprise the KP’s Civil Society Coalition confirmed Tuesday that they won’t be participating in any organized KP events as long as the United Arab Emirates is chair.
Luanda, Angola--The 11 organizations that comprise the Kimberley Process’s Civil Society Coalition confirmed Tuesday what has been inevitable for several months--that they will boycott the KP next year due to their objections over the United Arab Emirates’ impending election as chair.
Back in September, when it was announced that the UAE had been elected vice chair and thereby was in line to chair the KP in 2016, Partnership Africa Canada’s Alan Martin told National Jeweler that a boycott by the Civil Society Coalition was the most likely scenario heading into 2016.
This week, the coalition’s representative from Cameroon, Jaff Napoleon Bamenjo, confirmed it in a speech given Tuesday as the KP plenary meeting got underway in Luanda.
Calling the UAE the “go-to place for illicit gold and diamonds” and Dubai an “ethics-free haven,” Bamenjo brought up the same concerns that civil society has been expressing about the UAE for some time--that it is too lax in its controls regarding diamonds emanating from problematic areas of the world and that UAE companies engage in transfer pricing.
Transfer pricing refers to the practices of undervaluing a resource--in this case, African diamonds--in order to make more money and reduce tax liabilities while, at the same time, depriving local governments of the true value of their resources.
Bamenjo said despite the UAE’s commitment to working with civil society on at least two collaborative projects, the two haven’t had any discussions since the KP’s intersessional meeting in June.
He said the coalition doesn’t have any confidence in the UAE as chair and, if its nomination is formalized, it will be “sending a message that civil society is no longer a meaningful and respected partner [in the KP].”
The UAE fired back on Tuesday, releasing a statement calling the coalition’s public remarks “an unacceptable account of industry matters, baseless and factually flawed.”
It also produced two emails to refute the coalition’s claim that the UAE hasn’t been in touch since the intersessional, which took place June 22 to 26.
One was a request for a meeting dated Aug. 30. The second, which was about conducting a study on supply chain due diligence for diamonds, was dated June 23, meaning it was sent during the intersessional, not after it.
When asked about these emails, a UAE spokeswoman acknowledged that the study email was indeed sent during the intersessional, but said the UAE KP’s
The UAE said while it was disappointed that the Civil Society Coalition will be boycotting the KP in 2016, it remains open to working with civil society or any industry organization in a position to contribute “fairly and transparently” to discussions on the KP.
As KP chair next year, the UAE said it will “carry on with our mandate and focus on areas that will have the greatest impact on growth and development of the diamond industry. We remain fully committed and respect the tripartite structure of the Kimberley Process.”
The KP’s Civil Society Coalition is comprised of 11 international and community-based organizations, nine of which are based in Africa.
While the coalition plans to boycott formal KP events in 2016, it said it plans to continue to work with KP participants and members of the diamond industry on matters of mutual concern and redouble its efforts on national-level engagement with KP participants.
The Latest

The upcoming “Area_51” watch sale is a collaboration with heist-out, featuring vintage and modern timepieces with futuristic designs.

The trade organization, which will mark 120 years of service next year, has a refined focus and a new mission statement.

Emergencies can happen anytime, anywhere , and Jewelers of America has what you need to be prepared for it all.

The application period is now open for established and emerging jewelers and metalsmiths to apply to the month-long residency program.


Uc Thí Vo, who co-owned Kim Tin Jewelry in Sacramento with her husband of 40 years, was killed during the November 2024 robbery.

Manashe Sezanayev pleaded guilty to grand larceny and is expected to receive five years’ probation when he’s sentenced in May.

The jewelry industry faces challenges from lab-grown diamonds. A diamond ETF can restore natural diamonds' value and drive investor demand.

The March birthstone pairs perfectly with hues of Mocha Mousse, Pantone’s Color of the Year for 2025.

Emmanuel Raheb shares strategies to prepare for, publicize, and engage the audience during events on platforms like TikTok and Zoom.

From Doja Cat to Mikey Madison and Selena Gomez, many of this year’s Academy Awards attendees donned drop necklaces.

Originally slated to take effect in April, official U.S. Customs and Border Protection documents now show the implementation date as “TBD.”

The recent jump in the prices of household staples, like eggs, and the potential impact of tariffs worried consumers.

The application period for the program is now open for aspiring gemologists around the world.

The work of Indigenous designer Joe Big Mountain, these earrings are similar to the pair Lily Gladstone just wore to the SAG Awards.

A metal detectorist uncovered the ring created in memory of Sir Richard Rainsford, who presided over some of England’s last witch trials.

Fine jewelry consultant and publicist Francesca Simons joins Amanda Gizzi and Natalie Francisco to discuss the trends set to rise this year.

Harlow’s partner, NBA player Kyle Kuzma, worked with Vobara to design the ring, which features oval and pear-shaped diamonds.

The Danish jeweler released the next chapter of its “Be Love” campaign, which celebrates love in all its forms.

The learning workshop and the convention are both scheduled to take place April 26 and 27 in Montgomery, Alabama.

The EU, like the U.S., also now will require diamond importers to provide information about where exactly the diamonds were mined.

The charity will celebrate Pandora CEO Alexander Lacik and Brilliant Earth CEO Beth Gerstein at its annual event in Las Vegas.

Retailers need to have the right merchandise, marketing, and people in place to stay on top in a sea of uncertainty, Peter Smith writes.

Senior Editor Lenore Fedow traveled to Smyth Jewelers in Maryland to see the first of 15 revamped in-store boutiques Tacori is rolling out.

The parent company of HSN and QVC is undergoing a restructuring.

The company’s newest brand ambassador Eiza González will also be featured in the ads for the women’s campaign.

Declining supply and growing demand persist in the colored gemstone market, presenters from Gemworld said at AGTA GemFair Tucson.