The event, which will co-locate with the Monterey Bay Jade Festival, will bring education sessions focused on jade to the United States.
Sourcing

Rio Tinto unearthed the diamond at its Diavik mine in Canada’s Northwest Territories.
Ronald Winston, son of Harry Winston, donated the diamonds to the Smithsonian National Museum of Natural History in Washington, D.C.
Latest in Sourcing

The company said it expects sightholders to remain “cautious” with their purchasing due to all the unknowns around the U.S. tariffs.

The organization also announced its board of directors.

The organization has reelected Kalpesh Jhaveri as president.

Supplier Spotlight Sponsored by GIA

Kentaro Nishimura, who has been with the pearl company since 1997, has been promoted to president and CEO of Mikimoto America.


Lotus Gemology founder Richard W. Hughes has translated Heinrich Fischer’s 1880 book “Nephrit und Jadeit” from its original German.

The Congress is scheduled to take place May 19-22 in Brasilia, Brazil.

Six new retail businesses were selected for the 2025 program, which began in January.

The event, set for June 13-15, will feature educational presentations and guided visits to the state’s sapphire mines.

The industry is changing as it grapples with new realities around distribution, supply, and the need for consistent, effective marketing.

Bhansali discusses the potential impact of U.S. tariffs, demand for diamonds by market, and the “cautious confidence” in India right now.

Govind Dholakia and Tanishq will be recognized for their contributions to the industry at the Diamonds Do Good Awards in Las Vegas.

The 13 lots on offer were comprised of material that previously went unsold at the miner’s November auction.

The formal signing of the agreement comes nearly two years after De Beers and Botswana initially announced they had reached a new deal.

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

Sales at the Rio Tinto-owned mine also slid by a double-digit percentage, falling 37 percent in a difficult market for diamonds.

The reversal comes less than two months after the Zambian government reinstated the tax in an effort to bring in more money.

As anticipated, Anglo took another impairment charge on the diamond miner and marketer, which saw revenue sink 23 percent in 2024.

Ronald Winston is giving the 2.33-carat “Winston Red” to the Smithsonian, 67 years after his father donated the Hope Diamond.

Kirit Bhansali, a partner in Smital Gems and chairman of India Jewellery Park, will take on the role of chairman.

Petra Diamonds Ltd. CEO Richard Duffy resigned as the diamond miner reported a 30 percent drop in sales to start its fiscal year.

Assimon will be leaving at the end of February after nearly five years with De Beers.

The wholesale collection features material from the Rock Creek mine in a variety of colors.

Namib Desert Diamonds also put its security manager on leave following last month’s robbery that left one employee dead.

Late last year, the India-based diamond manufacturer recorded emissions per carat that are 34 percent lower than the industry average.

The moves come amid a prolonged period of lower demand for diamonds, particularly in China.

The agreement will allocate an increasing proportion of the country’s rough diamonds to the government of Botswana over the next decade.
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