Senior Editor Lenore Fedow makes the case for why more jewelers should be appealing to nerds at the annual event.
Rio Tinto Head Resigns Following Destruction of Sacred Indigenous Site
Jean-Sébastien Jacques is stepping down under pressure from investors after the company destroyed prehistoric caves sacred to two Australian Aboriginal groups.
Melbourne, Australia—Rio Tinto’s executive director and chief executive will step down under pressure from investors following the company’s destruction of a sacred indigenous site to access iron ore this past spring.
The mining company said Friday that Jean-Sébastien Jacques will leave at the end of March 2021 or when his replacement is found, whichever comes first.
Also exiting are the chief executive of the mining company’s iron ore business, Chris Salisbury, who will leave Rio Tinto on Dec. 31, and Simone Niven, who steps down as group executive, corporate relations, also at the end of the year.
Rio Tinto blew up prehistoric rock shelters sacred to two Australian Aboriginal groups—the Puutu Kunti Kurrama and Pinikura people—in the Juukan Gorge in Western Australia in May in order to get to the iron ore underneath.
The caves were culturally and archeologically important sites that contained signs of human habitation stretching back as far as 45,000 years. The New York Times reported that a 28,000-year-old kangaroo bone sharpened into a blade and a 4,000-year-old plait of human hair were among the artifacts found in the ancient shelters.
The company destroyed the caves against the objections of leaders of the Puutu Kunti Kurrama and Pinikura people, who waged a years-long battle to preserve the site, and has been under fire from Indigenous leaders, investors, environmentalists, and politicians ever since.
Rio Tinto announced last month it would dock the three executives’ bonuses, but investors argued that was not enough and pushed for the ousting of those responsible.
In the statement issued Friday announcing the resignations, Rio Tinto Chairman Simon Thompson said: “What happened at Juukan was wrong, and we are determined to ensure that the destruction of a heritage site of such exceptional archaeological and cultural significance never occurs again at a Rio Tinto operation.
“We are also determined to regain the trust of the Puutu Kunti Kurrama and Pinikura people and other traditional owners. We have listened to our stakeholders’ concerns that a lack of individual accountability undermines the group’s ability to rebuild that trust and to move forward to implement the changes identified in the board review.”
Ivan Vella, currently Rio Tinto’s managing director for Rail, Port & Core Services, will replace Salisbury as head of the iron ore business on an interim basis.
The company is also, as previously announced, establishing a new “Social Performance” assurance arm to strengthen oversight of
Also, Rio Tinto has appointed Simon McKeon, currently a non-executive director, as a senior independent director in order to increase board engagement in Australia.
The Latest
The latest “Raiz’in” drop showcases a newly designed “Scapular” necklace and donates a portion of the proceeds to Make-A-Wish France.
No. 1 out of 100, the timepiece was created to mark Citizen’s 100th anniversary and will be auctioned off at Sotheby’s next month.
From protecting customer data to safeguarding inventory records, it's crucial to learn how to tackle cybersecurity challenges.
On the latest episode of “My Next Question,” two experts share best practices for store security during the holidays and year-round.
Sotheby’s sold the necklace, which potentially has ties to Marie-Antoinette, for $4.8 million to a woman bidding via phone.
Instead of its usual elaborate display, the store will illuminate its façade and frame the windows to highlight its flagship’s architecture.
This fall, sharpen your skills in jewelry grading, quality control and diamond assessment.
The new Grand Seiko boutique is located in Honolulu’s Waikiki neighborhood.
The emerald brooch-turned-pendant returned to auction after 55 years, setting a world record for most expensive emerald sold at auction.
Phillips also sold a 1.21-carat fancy red diamond dubbed the “Red Miracle” for more than $1 million at its jewelry auction in Geneva.
From Swarovski to Tiffany & Co., jewelry retailers are enlisting celebrities to highlight their holiday offerings.
The 2024-2025 book introduces hundreds of new designs.
Richemont’s jewelry sales ticked up 2 percent in the first half of the year, while watch sales plummeted 17 percent.
Offered by the lab since 2016, the holiday season special is good from now through mid-December.
The “Mikimoto Chrome Hearts” jewelry brings pearls from Mikimoto together with distinctive motifs from Chrome Hearts.
These earrings use flat-backed white quartz to create a window onto an antique ribbon embroidered with a floral design.
This year’s AGTA Spectrum & Cutting Edge Awards included a new category for engagement rings and a new award highlighting female designers.
Plus, CEO Beth Gerstein shares her insight on the holiday season and the possibility of new tariffs.
The month’s birthstones, citrine and blue topaz, reflect the changing colors of the season.
The “Carey Lowell x Sidney Garber” collection stems from the friendship between the jewelry designer and ceramicist.
The two ads highlight diamond engagement rings and diamond studs with a straightforward approach.
In 2025, the nonprofit plans to continue its support of longstanding partners while also allocating some funds to a new initiative.
The Rolex watches are from the collection of “Titanic” co-producer Alfred “Al” Giddings and will go up for sale at Sotheby’s next month.
The Danish jewelry company plans to open up to 150 concept stores this fiscal year.
The location will close by the end of the year due to it being financially unsustainable, GIA said.
The new campaign stars Sterling K. Brown, Hero Fiennes Tiffin, Winnie Harlow, Kyle Kuzma, Arizona Muse, and Iris Law.