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Search Results - March 2022

your search of 'March 2022' has 131 results.

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Now Showing: Fantasy cut gemstones with lapidarist; making a sword signet ring from a screw; and live launch of the MoonSwatch

This week spend time with a lapidary artist and see his fantasy cut gemstones, get front seats to Omega x Swatch's live launch of their headline-grabbing MoonSwatch and wait for rainbows to appear while our favourite opal cutter polishes a rough nobby.  Read more »
The Responsible Jewellery Council (RJC) has been thrown into chaos with internal disagreement leading to the resignation of exeutive director Iris Van der Veken today.

News
Russia causes turmoil at RJC; Executive director resigns

The Responsible Jewellery Council (RJC) has been thrown into chaos with internal disagreement leading to the resignation of exeutive director Iris Van der Veken today. Read more »
On March 30, Pandora Group and Richemont made separate public statements declaring an end their respective relationships with the Responsible Jewellery Council.

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Exodus from Responsible Jewellery Council over Russian inaction

Two significant members of the Responsible Jewellery Council (RJC) have announced the termination of their memberships due to perceived inaction following the Russian invasion of Ukraine. Read more »
The key causes for this dip in pricing for rough remains open to investigation. It may indicate a steady flow of non-Russian product being made available to the market as economic sanctions are placed on Alrosa from European and US sources. Source: Alrosa

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Rough diamond prices dropping

Rough diamond prices have reportedly fallen after months of frenzied purchasing. The diamond industry was considered a surprise winner as the global economy rebounded from the COVID-19 pandemic and in 2021, rough diamond prices rose by more than 20 per cent after copping significant hits in 2019 and 2020. Read more »
This Omega x Swatch collaboration may prove to be a spark that starts a fire amidst the resurging popularity of traditional watches. Only time will tell. One thing is for sure: more collaborations between watch brands will most likely continue following the success of this recent event.

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Making sense of the Omega x Swatch chaos

Two iconic watch brands, one low price – the MoonSwatch was destined to be an astronomical collaboration. While Swatch has stressed that this wasn’t a limited edition release, it wasn’t enough to prevent crowd chaos at launches across the globe. ANGELA HAN explores what this says about consumers today and what it means for the watch industry. Read more »
Tiffany & Co’s decision to suspend its purchase of Russian diamonds is the latest divide to form between the retail and manufacturing sectors of the diamond industry.

News
Tiffany & Co suspends purchases of Russian rough

Tiffany & Co is the latest international jewellery retailer to take action over the conflict in Ukraine, announcing over the weekend that it will no longer purchase diamonds sourced from Russia. Read more »
Last week, the UK revealed a list of 65 new sanctions put in place against organisations and individuals identified as contributors to Russian military efforts. A list of ten key individuals or businesses were highlighted and second on that list was diamond mining company Alrosa.

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UK government announces direct sanctions on Alrosa

Russian diamond mining juggernaut Alrosa has been directly sanctioned by the UK government in the latest round of economic sanctions imposed in response to the invasion of Ukraine. Read more »
The Omega x Swatch MoonSwatch collaboration recreates the famous design of the Omega Speedmaster Moonwatch but with Swatch's BioCeramic case and comes in 11 colours to represent the planets from our solar system.

News
Omega x Swatch chaos takes over Australian shopping centres

Shopping centres in Melbourne and Sydney were flooded with thousands of people trying to get their hands on the latest headline generating timepiece on Saturday 26 March, ahead of other major global markets.  Read more »
Holding 'The Rock', a 228.31-carat pear diamond is Christie’s international head of jewellery, ??Rahul Kadakia. Source: Christie's

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'The Rock' expected to fetch $30 million

 A 228.31-carat pear-shaped white diamond, dubbed ‘The Rock’, is expected to fetch around $US30 million ($AU40.50 million) at Christie’s Luxury Week tender in Geneva on 11 May. Read more »
Prior to the acquisition Tiffany & Co. operated more than 300 stores worldwide with more than 13,000 staff. Within one year, more than two thirds of that workforce has been replaced. <b>Image Source:</b> The New York Times

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Major changes continue at Tiffany & Co as staff leave

It’s been a little more than a year since Moët Hennessy Louis Vuitton (LVMH) completed its acquisition of Tiffany & Co and according to CEO Antony Ledru, more than 60 per cent of the original workforce have since departed the company. Read more »
Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show will now begin on 29 July and conclude on 2 August alongside the Hong Kong Simply Shopping Fest at the Hong Kong Convention and Exhibition Centre.

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Hong Kong’s ‘twin jewellery shows’ rescheduled

As the COVID-19 pandemic continues its resurgence in eastern Asia, organisers of the Hong Kong International Jewellery Show and Hong Kong International Diamond, Gem and Pearl Show have made the difficult decision to reschedule. Read more »

Now Showing
Now Showing: What does $3 million of gemstones look like?; an opal rough’s Cinderella story; and the pop universe of a pop jewellery designer

This week unbox $3 million of gemstones and understand what makes them so valuable, watch the Cinderella story of a glowing opal rough unfold and get close with Omega x Swatch's 'MoonSwatch' collaboration.  Read more »
The US tariffs penalise businesses for using diamond polishing services in China to a degree which Diamond Foundry states exceeds the cost of the manufacturing service itself. Image: Diamond Foundry

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Diamond Foundry announces lawsuit against US Government

Diamond Foundry, a US company manufacturing lab grown diamonds in California, has announced it will take legal action against the United States Trade Office. Read more »
Many people within the diamond and jewellery industry, as well as those external to it, are asking: “Should the entire global trade of all rough from Russia be blocked immediately?” Image: Alrosa's Luminous Diamonds Campaign

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The Russian Question: deciphering the diamond disruption

The Ukraine conflict and the resulting sanctions on Russia have had a major impact on the international diamond industry. ROBERT BOUQUET analyses the effect on the distribution pipelines and what’s in store for the jewellery sector. Read more »
A disruption in rough diamond supply would greatly impact India’s diamond industry as a number of major diamond enterprises, managed by Gujarati diamantaires, operate in Russia. Image: AFP / P. Golovkin

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Industry critics admonish India as Russian rough imports resume

Russian mining company Alrosa has resumed exporting rough diamonds to India despite economic sanctions being placed on the country by the US and EU. Read more »

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