Headlines

Mastercard SpendingPulse Reports 5.9% Rise in Holiday Jewelry Sales

Holiday sales increased 4.9 percent this year, setting a new record for dollars spent, with jewelry sales jumping by 5.9 percent largely driven by last-minute discounts, according to Mastercard SpendingPulse.

WDC Upbeat on KP Plenary Results, 'Saddened' By IMPACT’s Decision To Leave

The World Diamond Council (WDC) thanked participants for taking part in the KP's Plenary Session last week and "embracing the spirit of collaboration and open dialogue around KP reform".

“This week we spoke openly and transparently about areas of the KP in need of the most urgent reform, and I am pleased that we have come together and agreed the way forward for us both as the Kimberley Process and as the diamond industry,” said Stephane Fischler, Acting President of the WDC.

Top GIA Officials Take Part in Diamond Club West Coast Meeting           

Representatives from Gemological Institute of America (GIA) attended the Diamond Club West Coast, Inc. (DCWC) monthly luncheon on November 30. The GIA was represented by Russell Shor, senior industry analyst, Dr. Sally Magana, senior research scientist, Judith Shechter, director of global business development, and Kate Donovan, manager of global alumni relations.

Chaim Even-Zohar Announces Retirement

Chaim Even-Zohar, after 45 years as a diamond industry analyst and journalist, is retiring.

Even-Zohar, in a final announcement in his Diamond Intelligence Briefing (DIB) publication, said the time has come to "rearrange his life priorities".

Erik Jens Steps Down as ABN AMRO Diamond & Jewellery Clients Head

Erik Jens is stepping down from his position as head of ABN AMRO Bank's Diamond & Jewellery Clients (D&JC) unit.

Geert van Reisen was appointed interim Global Head of Diamond & Jewellery Clients as of December 1.

IDE Announces Registration Open for Israel’s International Diamond Week

The Israel Diamond Exchange (IDE) said that registration has opened for the seventh International Diamond Week in Israel (IDWI). It will be held from February 5 to 7.

De Beers Adopting Blockchain-Based Technology To Track Diamonds More Efficiently

De Beers is to use blockchain-based technology to enable better tracking of its diamonds.

"In a world of fleeting connections and disposable luxury, diamonds must stand for enduring value that is grounded in confidence," said De Beers CEO Bruce Cleaver.

Laurence Graff Buys 'Peace Diamond' For $6.5 Million

Graff Diamonds' chief Laurence Graff has acquired the 709-carat 'Peace Diamond' at auction in New York for $6.5 million.

The stone was discovered in Sierra Leone by a clergyman in March.