Lab-GrownAug 12, 2022
Report: State Bank of India to Begin Lending to Lab-Grown Producers The loans will go mostly to the import of machinery rather than working capital, according to a recent article from The Economic Times.
SourcingApr 05, 2016
KP suspends the Central African Republic
Johannesburg--Rebel violence in the Central African Republic has prompted the Kimberley Process (KP) to temporarily suspend the nation, meaning that the industry needs to avoid trading in rough diamonds from the country until further notice. According to a letter dated May 23 from KP Chair Welile Nhlepo to members of the process, the temporary suspension comes as a result of a vote by KP members.The suspension will remain in effect until the KP’s Working Group on Monitoring, and other working bodies, can review the situation in the Central African Republic at the upcoming intersessional meeting in Kimberley, South Africa, the letter states. The intersessional is scheduled for June 4 to 7. Reports about a possible KP embargo on diamonds from the Central African Republic first began surfacing in May after rebels seized control of the country from former President François Bozizé. The Central African Republic is located directly north of the Democratic Republic of the Congo, bordering the Congo and Cameroon on the west, and Sudan and South Sudan on the east.Rebels seized the government in March and reports indicate they are using the sales of diamonds to finance their activities. Alluvial diamond mining is one of the country’s main sources of revenue.On Tuesday, World Diamond Council President Eli Izhakoff expressed his support for the suspension of the Central African Republic. “This is a tough but appropriate measure that will defend both the integrity of the diamond pipeline and, also, ultimately the well-being of the people of the Central African Republic,” he said. “I call on all members of the industry to be vigilant and take all necessary measures to ensure that, until further notice from the KP, no rough diamonds from the CAR are handled and or traded.”
More on Sourcing
The Latest
FinancialsAug 12, 2022
Brilliant Earth’s Fine Jewelry a Hit in Q2The company is also continuing its retail expansion.
AuctionsAug 12, 2022
2 Rolexes Paul Newman Gave to Stuntman Stan Barrett Head to Auction The sale also will include a third Rolex, with all three watches tied to Barrett’s 1979 attempt to break the world record for land speed.
Brought to you by
The American Mined™ Collection: Ethical Sourcing That MattersRio Grande provides a pathway to responsibly sourced gemstones.
CollectionsAug 12, 2022
Piece of the Week: İTÄ Jewelry’s ‘Danza’ RingIt mixes diamond shapes and colors.
Weekly QuizAug 11, 2022
This Week’s QuizTest your knowledge of the latest jewelry news with this quick test.
AuctionsAug 11, 2022
Sotheby’s Is Preparing its First Art Jewelry Auction This Fall“Art as Jewelry as Art” features works from artists like Salvador Dalí, Alexander Calder, and Max Ernst.
Brought to you by
Knowledge and Skills for Today’s Hot TopicsFrom laboratory-grown diamonds to design to country-of-origin, GIA's Alumni Collective™ has a seminar to suite your needs.
IndependentsAug 11, 2022
Martin Katz Is Moving to a PenthouseThe jeweler is relocating his Beverly Hills store after 20 years and has begun developing a lifestyle brand.
MajorsAug 11, 2022
Brilliant Earth Opens First Missouri Showroom in St. LouisIt’s the company’s seventh showroom opening this year.
Events & AwardsAug 11, 2022
HRD Antwerp Is Bringing Back Its Jewelry Design Competition The Belgian organization is calling for entries from all over the world, with an eye on attracting emerging talent.
ColumnistsAug 10, 2022
On Data: What We Know About Jewelry Sales So Far This YearSherry Smith digs into year-to-date data on lab-grown vs. natural diamonds, the performance of colored gemstone jewelry, and more.
EditorsAug 10, 2022
Take a Tour Through Buccellati’s Vintage Jewelry CollectionAssociate Editor Lenore Fedow leads readers through the Italian jeweler’s works from the 1940s to the 2000s.
CrimeAug 10, 2022
Smash-and-Grab NY Thieves Flee with $2M in JewelsThe NYPD is still searching for the four suspects who robbed Rocco’s Jewelry in the Bronx.
Events & AwardsAug 10, 2022
JA New York Returns with New Designer GalleryThe jewelry trade show is taking place Aug. 14-16 at the Javits Center in New York City.
MajorsAug 10, 2022
GIA Is Now a Sponsor of AGS Young TitleholdersThe sponsorship will help fund programs and initiatives in the upcoming year.
MajorsAug 09, 2022
Signet to Buy Blue Nile in $360M DealThe jewelry giant said the acquisition will allow it to tap into a pool of customers who are younger, more affluent and ethnically diverse.
TechnologyAug 09, 2022
Tiffany & Co.’s CryptoPunk Pendant NFTs Are Sold OutThere were only 250 made available, selling for more than $50,000.
CollectionsAug 09, 2022
Cora Sheibani Shows a Magic Garden of Jewelry at Sotheby’sThe British-based Swiss designer’s “Pottering Around” collection is for sale at Sotheby’s East Hampton starting this week.
CrimeAug 08, 2022
Nehal Modi Sentenced to 3-9 Years in Grand Larceny CaseHe was convicted last month after falsely claiming he had a deal with Costco in order to obtain millions in diamonds from LLD Diamonds USA.
TrendsAug 08, 2022
Amanda’s Style File: Spicy SpinelsTough, vibrant, and full of personality, spinel is a perfect birthstone for August babies, Amanda Gizzi says.
IndependentsAug 08, 2022
Gemist, NDC to Offer Custom Pieces by BIPOC DesignersDorian Webb, one of the designers in the Emerging Designers Diamond Initiative, will be the first to work with Gemist.
MajorsAug 08, 2022
Here’s How to Support Jewelers for Children this JFC DayThe charity will hold its fifth annual fundraising day on Sept. 24.
SourcingAug 05, 2022
Rare Earth Mining Co.’s Bill Heher Dies at 72The passionate gem lover helped bring more than 300 different varieties of stones to the gem trade.
TrendsAug 05, 2022
Piece of the Week: Storrow Jewelry’s ‘Emblem Rosa’ CharmThe brand has attracted attention for its colorful, vintage-inspired pieces.
MajorsAug 05, 2022
Former Nike Executive Joins Team at David Yurman Marcelo Tau is the company’s new chief operations officer.
Policies & IssuesAug 05, 2022
Satta Matturi Joins RJC BoardThe jewelry designer founded her eponymous brand in 2015 after nearly two decades in the diamond industry.
