Moti Ferder stepped down Wednesday and will not receive any severance pay, parent company Compass Diversified said.
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

Lichtenberg partnered with luxury platform Mytheresa on two designs honoring the connection between mothers and daughters.

Michel Desalles allegedly murdered Omid Gholian inside World of Gold N Diamond using zip ties and then fled the country.

Gain access to the most exclusive and coveted antique pieces from trusted dealers during Las Vegas Jewelry Week.

Associate Editor Lauren McLemore shares her favorite looks from a night of style inspired by Black dandyism.


Sponsored by Instappraise

CEO Beth Gerstein discussed the company’s bridal bestsellers, the potential impact of tariffs, and the rising price of gold.

Supplier Spotlight Sponsored by GIA

The brand’s first independent location outside of Australia has opened in Beverly Hills, California.

Cathy Marsh will lead the jewelry company’s efforts in the upper Midwest and western United States.

The company has multiple strategies for dealing with tariffs, though its CEO said moving manufacturing to the U.S. is not one of them.

Connecting with your customers throughout the year is key to a successful holiday marketing push.

National Jeweler Editor-in-Chief Michelle Graff joined Michael Burpoe to talk tariffs, consumer confidence, and the sky-high price of gold.

Designer Lauren Harwell Godfrey made the piece as an homage to the 2025 gala’s theme, “Superfine: Tailoring Black Style.”

Expanded this year to include suppliers, JA’s 2025 list honors 40 up-and-coming professionals in the jewelry industry.

Located in Fort Smith, it’s the Mid-South jeweler’s first store in Northwest Arkansas.

The episode about the family-owned jeweler will premiere May 17.

The Houston-based jeweler’s new 11,000-square-foot showroom will include a Rolex boutique.

The turquoise and diamond tiara hasn’t been on the market since it was purchased by Lord Astor in 1930.

“The Duke Diamond” is the largest diamond registered at the Arkansas park so far this year.

The childhood craft of making dried pasta necklaces for Mother’s Day is all grown up as the 14-karat gold “Forever Macaroni” necklace.

Set with May’s birthstone and featuring an earthworm, this ring is a perfect celebration of spring.

“Bridal 2025–2026” includes popular styles and a dedicated section for quick pricing references of lab-grown diamond bridal jewelry.

Though currently paused, high tariffs threaten many countries where gemstones are mined. Dealers are taking measures now to prepare.

Located in Miami’s Design District, the 4,000-square-foot store is an homage to David and Sybil Yurman’s artistic roots.

May babies are lucky indeed, born in a month awash with fresh colors and celebrated with one of the most coveted colored gemstones.

The deadline to apply for the Seymour & Evelyn Holtzman Bench Scholarship is June 12.