The nearly six-month pause of operations at its Kagem emerald mine earlier this year impacted the miner’s first-half results.
Ralph Destino Appointed Director of Cadar
The Cartier and GIA chairman emeritus joins the brand while also retaining his position as senior international director of business development at Circa.

New York--Industry veteran Ralph Destino, who spent three decades with Cartier, is now director of a fine jewelry brand with a much shorter history.
Destino joins Cadar, the jewelry line created by Michal Kadar that will make its trade show debut this June at Couture in Las Vegas and snagged its designer the Fashion Group International’s “Rising Star” award for fine jewelry this year.
As a director of the New York-based company, Destino will focus on developing relationships with retail jewelers in the United States, working directly with Kadar, the company’s founder and creative director.
“We are delighted to welcome Ralph to Cadar,” Kadar said. “He is one of the most respected executives in the fine jewelry industry, and I am confident that his strategic vision for the brand will be invaluable as we introduce the collection to discerning style makers.”
Destino spent a total of 32 years with Cartier, the last 15 as chairman of Cartier North America. He also spent 13 years as a director of Van Cleef & Arpels, also a Richemont-owned brand.
Following his retirement from Cartier, he served as chairman of the Gemological Institute of America for three years and is chairman emeritus at both Cartier and the GIA.
In April 2015, he joined New York-based jewelry and watch buying company Circa as senior international director of business development, a post he will retain even as he joins Cadar as a director.
Destino was inducted into the National Jeweler Retailer Hall of Fame in 1999 and was the recipient of the Jewelry Information Center’s (now Jewelers of America’s) Gem Award for Lifetime Achievement in 2012.
The Latest

The necklace uses spinel drops to immortalize the moment Aphrodite’s tears mixed with her lover Adonis’ blood after he was fatally wounded.

The diamond miner and marketer warned last week that it expected to be in the red after significantly cutting prices in Q2.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Jewelers of America’s 35th annual design contest recognized creativity, artistry, style, and excellence.


Tratner succeeds Andie Weinman, who will begin stepping back from the buying group’s day-to-day operations.

The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The luxury titan’s star brand Gucci continued to struggle amid a "tough" environment.

Its opening marks the completion of the retailer’s new 11,000-square-foot store in the Texas capital.

Respondents shared concerns about tariffs and commentary on the “Big Beautiful Bill.”

“Making a Killing in Diamonds” tells the story of Mimi Rosen, the disappearance of a scientist, and the murder of lab-grown diamond CEO.

Senior Editor Lenore Fedow learned a lot when she took a behind-the-scenes factory tour with the jewelry brand earlier this year.

The first-time exhibitors, set to debut at the New York City show, share a devotion to craftsmanship, storytelling, and material integrity.

The online auction house’s September sale will feature rough Brazilian emeralds of various qualities.

She’ll lead an executive committee consisting of President-Elect Bryan Moeller, Mitchell Clark, Bill Farmer, and Larry Rickert.

Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.

A new edition of the Italian brand’s “Ipanema” collection has debuted with gemstones that evoke Brazil’s breathtaking views.

The retailer will refer its customers to WonderCare, founded by venture capitalist and watch collector Kevin O’Leary.

The jeweler’s largest store yet is set to open in Little Rock next fall.

Anne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”

Jewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.

Renovations at Tiffany & Co. stores ate into profits in the company’s watch and jewelry division.

Mark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.

While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.

The “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.

The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.