IndependentsMay 21, 2024
State of Retail: 4 Retail Design Trends for 2024From lighter color palettes to the integration of AR, experts offer inspiration for jewelers in need of an aesthetic refresh.
SourcingMay 27, 2014
Dominion Diamond bringing back CanadaMark
During the Las Vegas jewelry shows, Dominion Diamond Corp. will relaunch the CanadaMark diamond hallmark program, a branding program that marks stones as being of Canadian origin.
Dominion Diamond Corp. has revitalized the CanadaMark program to provide assurance of a diamond’s Canadian origins and responsible sourcing and supply chain methods.
Toronto--During the Las Vegas jewelry shows, Dominion Diamond Corp. will relaunch the CanadaMark diamond hallmark program, a branding program that marks stones as being of Canadian origin.
BHP Billiton Diamonds originally launched CanadaMark in 2003. Dominion acquired the program when it finalized its purchase of the Ekati Diamond Mine from BHP Billiton last year, as BHP Billiton opted to bow out of the diamond mining business.
RELATED CONTENT: Dominion completes Ekati purchase
The program provides assurance through an independently audited process that a polished diamond originated in Canada. According to Dominion, every CanadaMark diamond is responsibly mined in the Northwest Territories, is 100 percent natural and untreated, and is tracked through every step from country of origin to polished stone and cut under strict quality standards.
All CanadaMark diamonds are laser inscribed with the CanadaMark logo and a unique serial number, and each diamond is accompanied by a certificate card.
The company said that it believes the program is poised to benefit in today’s consumer market, where buyers are increasingly interested in the origin of their purchases.
Dominion will officially re-introduce the program to the trade at booth S10156 at JCK Las Vegas, which begins Friday and continues through Monday at Mandalay Bay Hotel & Casino. It will raise awareness of the program with increased marketing activity to the diamond trade over the next two years.
Dominion also noted that an online business-to-business trading platform is in development, which will allow diamond jewelry wholesalers and retailers to easily source polished diamonds from approved CanadaMark manufacturers.
Dominion Diamond Corp., which owned Harry Winston until it sold the brand and its stores to Swatch Group in 2013, has ownership interests in two diamond producing mines. The company has an 80 percent stake in the Ekati diamond mine as well as a 59 percent interest in the surrounding areas containing additional resources, and a 40 percent ownership of the Diavik mine.
However, the company notes that CanadaMark is available to any Canadian diamond production that meets the necessary criteria.
“The CanadaMark program represents the company’s commitment to category marketing of Canadian diamonds,” said chairman and CEO Robert Gannicott. “Through this program, the company aims to highlight the long-term environmental stewardship and social responsibility of the Canadian diamond mining industry, which ultimately will help achieve the highest prices for the company’s diamond production.”
More on Sourcing
The Latest
AuctionsMay 21, 2024
Dame Shirley Bassey’s Diamonds Are Ready for Their EncoreSotheby’s will auction jewelry belonging to the “Diamonds Are Forever” singer in Paris this October.
ColumnistsMay 21, 2024
Successful Vendor Relationships: A Win-Win ApproachSherry Smith shares tips for fostering successful vendor-retailer partnerships, from marketing investment to fast-seller replenishment.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionGIA®’s most advanced microscope has new features to optimize greater precision and comfort.
IndependentsMay 21, 2024
Jennifer Herold Promoted to VP at IJOHerold has been with the organization for 22 years and will continue in her current role of conference director.
Weekly QuizMay 16, 2024
This Week’s QuizTest your jewelry news knowledge by answering these seven questions.
MajorsMay 20, 2024
Studs Opens Luxury Piercing Pop-Up in NYC“Fancy Studs” will feature revamped branding and a new lab-grown diamond fine jewelry collection.
MajorsMay 20, 2024
Stuller Issues New Packaging & Display CatalogThe 2024-2025 edition features new colors and styles, as well as storytelling elements.
Brought to you by
Record Gold Prices Have Consumers Undeterred. Here’s Why.Despite the rising prices, consumers continue to seek out the precious metal.
SourcingMay 20, 2024
Anglo American Confirms It Is Looking to Sell De Beers The mining giant also wants to offload its platinum business as part of an overhaul designed to “unlock significant value.”
FinancialsMay 17, 2024
Richemont Appoints Van Cleef & Arpels’ Nicolas Bos as New CEOThe announcement coincided with its full-year results, with growth driven by its jewelry brands.
FinancialsMay 17, 2024
Watches of Switzerland’s Fiscal-Year Sales Flat Looking ahead, the retailer said it sees “enormous potential” in Roberto Coin’s ability to boost its branded jewelry business.
Recorded WebinarsMay 17, 2024
Watch: Preparing for Trade Show SuccessJewelry trade show veterans share strategies for engaging buyers, managing your time effectively, and packing the right shoes.
AuctionsMay 17, 2024
Piece of the Week: Cartier’s Ring-Tailed LemurThis little guy’s name is Ricky and he just sold for more than $200,000 at Sotheby’s Geneva jewelry auction.
AuctionsMay 16, 2024
Christie’s Holds 2 Sales Despite CyberattackThough its website has been down for a week, Christie’s proceeded with its jewelry and watch auctions on May 13-14, bringing in nearly $80 million.
AuctionsMay 16, 2024
Sotheby’s Withdraws 101-Carat Yellow Diamond from AuctionDespite the absence of “The Allnatt,” Sotheby’s Geneva jewelry auction totaled $34 million, with 90 percent of lots sold.
ColumnistsMay 16, 2024
The PR Adviser: What the Designer Should’ve DoneLilian Raji gives advice to designers on how to make the most of great publicity opportunities.
SourcingMay 16, 2024
Lucapa to Shed Stake in Lesotho Diamond Mine The mining company wants to divest its 70 percent holding in the Mothae Diamond Mine in an effort to streamline its portfolio.
ColumnistsMay 15, 2024
Squirrel Spotting: Why Retailers Struggle to Fire BrandsWhy do so many jewelers keep lines that are not selling? Peter Smith thinks the answer lies in these two behavioral principles.
AuctionsMay 15, 2024
Red Diamond Breaks Records at Phillips GenevaThe “Argyle Phoenix” sold for more than $4 million at the auction house’s second jewels sale.
Events & AwardsMay 15, 2024
See Who’s in JA’s 2024 ‘20 Under 40’ ClassThe annual list recognizes young professionals making an impact in jewelry retail.
IndependentsMay 15, 2024
David Mann Jewelers in Upstate NY to Close After 35 YearsOwner David Mann is heading into retirement.
FinancialsMay 15, 2024
Brilliant Earth’s Sales Fall Flat in Q1 While overall sales were sluggish, the retailer said its non-bridal fine jewelry was a popular choice for Valentine’s Day.
AuctionsMay 14, 2024
2 Huge Yellow Diamonds Are Heading to AuctionChristie's is selling one of the diamonds, moving forward with its Geneva jewelry auction despite the cyberattack that took down its website.
MajorsMay 14, 2024
Platinum Born Taps ‘Born Leaders’ for New CampaignThe ad aims to position platinum jewelry as ideal for everyday wear.
GradingMay 14, 2024
Instappraise Adds Trifold Brochure to Appraisal OfferingsRetailers can customize and print the appraisal brochures from their store.
Lab-GrownMay 13, 2024
Lab-Grown Diamond Brand Lightbox Cuts Prices by 25 to 40%The move follows a price-drop test run in Q4 and comes with the addition of a “quality assurance card” from GIA for some loose diamonds.
TechnologyMay 13, 2024
Christie’s Website Brought Down by Hackers, Watch Auction Postponed The site has been down since Thursday evening, just ahead of its spring auctions.
