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Watches and Wonders Geneva 2022

News
Watches and Wonders Geneva foreshadows a brighter tomorrow

In April, Watches & Wonders Geneva 2022 made a most welcome restart to the established cycle of Swiss watch industry fairs. MARTIN FOSTER takes a look at a successful return after the two-year global disruption caused by the COVID pandemic and political uncertainty. Read more »
The ongoing economic sanctions against Russian mining company Alrosa, installed by the US, EU and UK, has led to a significant shortage of rough diamond product in India. Source: Shreenathji Exports

News
Russian sanctions impact Indian diamond workers

An estimated 250,000 members of India’s diamond cutting and polishing industry have been placed on unpaid leave for two weeks. Read more »
De Beers' Tracr aims to offer improved trust in diamond provenance for consumers and traders, and will also be used to identify potential inefficiencies within the value chain.

News
New blockchain digital provenance platform launched

De Beers Group has launched a blockchain-backed diamond sourcing platform. Read more »

News
Diamond industry at a strange and extraordinary crossroad

Russia’s status as a leader in the jewellery industry has been one of the most talked about issues of 2022 in the wake of the invasion of Ukraine in February. ROBERT BOUQUET provides an update on the current trading environment. Read more »
<b>Above:</b>Autore Pearls; Arosha Taglia <b>Below:</b> Assael pearls; Musson

Gemstones
Pearls Part II: South Sea & Tahitian

South Sea and Tahitian pearls are the most prized of pearls cultured today. These exceptionally lustrous beauties can only be grown with meticulous care in the most pristine environmental conditions. Read more »
The world’s largest blue diamond, the De Beers Cullinan Blue, has been sold at auction for $US57.47 million ($AU80.96 million) at Sotheby’s in Hong Kong. Source: De Beers

News
World’s largest blue diamond falls short of record at auction

The world’s largest blue diamond, the De Beers Cullinan Blue, has been sold at auction for $US57.47 million ($AU80.96 million) at Sotheby’s in Hong Kong. Read more »
The Fuchsia Rose is an 8.82-carat fancy intense purple-pink pearl shaped diamond that sold for US$6.78 million. Image: Christie's

News
Colour diamonds shine at Christie’s; pink diamond fetches $6.7 million

Colour diamonds dominated the Christie’s New York ‘Magnificent Jewels’ auction last week, led by the 8.8-carat pink diamond dubbed ‘The Fuchsia Rose’ which was sold for $US6.7 million ($AU9.1 million). Read more »
The stone – a fancy yellow cushion-shaped diamond – is considered one of the largest in the world, was mined in 1901 by DeBeers in South Africa and originally weighed around 375 carats.

News
Red Cross Diamond hoped to fetch $10.7 million at auction

The 205-carat fancy yellow diamond dubbed the “Red Cross Diamond” will be auctioned next month, and is expected to fetch around $US10.7 million ($AUD14.41 million). Read more »
Organised by the Queensland Boulder Opal Association (QBOA), the event – now ninth year of the competition – will be held at The Waltzing Matilda Museum in Winton and open to Australian opal designers and jewellers.

News
Boulder opal jewellery awards to showcase successful designers

Australia’s homegrown boulder opal – one of the world’s rarest and most valuable gemstones – will be showcased during the 2022 Queen of Gems Jewellery Awards in July. Read more »
Mysterious black and white gemstones. <b>featuring:</b> The Opalescence brooch by Boucheron

The Gem Quarter
The Gem Quarter: Alluring Contrasts – mysterious blacks and whites

Despite their simplicity in colour, black and white gemstones continue to captivate people in many cultures around the world. Jeweller explores the globe to find out which of the black and white gemstone varieties are out there. Read more »
The new sanctions directive also covers companies owned by international conglomerates directly importing rough and polished diamonds from Russia that were previously not explicitly covered by the sanctions by the US issued in March.

News
US imposes crippling sanctions on Alrosa; congress asks to close loopholes

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. Read more »
“The World Federation of Diamond Bourses (WFDB) is deeply concerned over the loss of life and suffering that is inflicted on so many as a result of the conflict in Ukraine” – WFDB Statement

News
Moscow out of World Federation of Diamond Bourses

The Moscow Diamond Bourse has suspended its membership of the World Federation of Diamond Bourses. Read more »
Under CECA, India’s gem and jewellery exports to Australia which are currently estimated at $US300 million ($AU400 million) are expected to double in value in the next three years.

News
Diamonds and jewellery to benefit from new India trading agreement

A billion-dollar bilateral trade agreement has been reached between India and Australia which is expected to boost the trade of gems and jewellery between the two countries. Read more »
<b>Above (L to R) </b>Pacharee; Blue Nile; Mizuki

Gemstones
Pearls Part I: Freshwater

Pearls – an organic gem - have been revered pieces of treasure for thousands of years, having adorned the necks of nobility spanning across Persia, Babylon, Egypt, Rome, and beyond. 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.

News
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 »

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