29/04/2022
• Samuel Ord
The jewellery industry remains entangled in hostilities between the UK and Russia as the two countries continue trading economic blows.
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19/04/2022
• Angela Han
It’s no secret that the Responsible Jewellery Council (RJC) has faced a barrage of criticism since the beginning of the Russia-Ukraine war.
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15/04/2022
• Richard Chiu
French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has reported a strong 2022 first quarter performance marking a strong rebound from the COVID-19 slump and challenges wrought by Russia’s invasion of Ukraine.
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11/04/2022
• Samuel Ord
As the Responsible Jewellery Council (RJC) continues to come under siege for its handling of the Alrosa situation in the wake of the invasion of Ukraine – among other issues – industry experts and commentators have called for it to be restructured instead of dismantled.
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10/04/2022
• Richard Chiu
In what could be a significant blow to Russia, the US has designated state-run mining company Alrosa in its Specially Designated Nationals (SDN) roster, which increases sanctions that carry substantial economic impacts on Russian companies.
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05/04/2022
• Jeweller Research
The Responsible Jewellery Council (RJC) has experienced a tsunami of high-profile member cancellations, all questioning the management, or mismanagement, of Alrosa’s RJC membership. This may just be the tip of the iceberg.
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04/04/2022
• Samuel Ord
The Responsible Jewellery Council (RJC) is suffering a continued exodus of major members with luxury watchmaker Watches of Switzerland and diamond mining company Alrosa exiting the organisation.
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31/03/2022
• Samuel Ord
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.
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31/03/2022
• Samuel Ord
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.
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30/03/2022
• Samuel Ord
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.
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29/03/2022
• Samuel Ord
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.
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29/03/2022
• Samuel Ord
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.
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21/03/2022
• Richard Chiu
Diamond Foundry, a US company manufacturing lab grown diamonds in California, has announced it will take legal action against the United States Trade Office.
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21/03/2022
• Robert Bouquet
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.
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