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☆ Tia Mowry found a good use for her wedding ring after the divorce, so the marriage doesn't feel like 'a waste'
▼ + stars: | 2024-10-14 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Tia Mowry says she decided to repurpose her wedding ring into jewelry for her children post-divorce. "It just makes me feel like my marriage wasn't a waste," Mowry, 46, said. The "Sister Sister" actor and her ex Cory Hardrict finalized their divorce in April 2023, after 14 years of marriage. AdvertisementTia Mowry, 46, has found a good use for her wedding ring after her divorce. The "Sister Sister" star added that she had been thinking about her ex-husband when making her decision since he gave her the ring.

Persons: Tia Mowry, Mowry, Cory Hardrict, —, Cree, it's, De Beers Organizations: Service, Business Locations: Cairo

☆ Rihanna’s fluffy Jacquemus bathrobe
▼ + stars: | 2024-09-19 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

At the UK launch of her latest beauty endeavor, Fenty Hair, the global megastar posed for photos outside Selfridges, London’s historic department store, not in satin, silk or sequins — but a fluffy bathrobe worn off-the-shoulder. The cream-colored fuzzy gown was designed by Jacquemus and styled by Jaheel Weaver with gold point-toe pumps and long crystal earrings. The bathrobe went from cosy staple to red carpet appropriate. Ora even kept the gag going when she changed into a shorter bathrobe for her live performance. Andreas Rentz/Getty ImagesMore recently, Isabelle Huppert has been making the case for bathrobe-style textiles to receive the red carpet treatment.

Persons: Jaheel Weaver, Neil Mockford, Rihanna, Rihanna isn’t, Rita Ora, Ora, Andreas Rentz, Isabelle Huppert, Huppert, Beers Organizations: CNN, MTV, Cannes Film Locations: Capri ., Spain

☆ Sabrina Carpenter honors Madonna in vintage Oscars gown at VMAs red carpet
▼ + stars: | 2024-09-12 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

CNN —Madonna was everywhere at this year’s MTV Video Music Awards in New York — and she wasn’t even there. But it was Artist of the Year nominee Sabrina Carpenter who went the extra mile by tracking down a vintage gown from the Queen of Pop’s style archive. Featuring a deep-V neckline and embellished with sequins, pearls and crystals, the white satin gown was designed — and later customized for Madonna — by celebrated fashion designer Bob Mackie. “Maria Schiavo, a well-known fashion stylist, borrowed my sample of this dress for a Madonna cover shoot for Vanity Fair,” Mackie recalled. Nobody else should be seen in that dress.”)Carpenter’s stylist, Jared Ellner, said on Instagram that he acquired the Madonna gown through LA vintage clothing studio, Tab Vintage.

Persons: CNN —, Addison Rae, Anitta, Sabrina Carpenter, —, Bob Mackie, Michael Jackson, ”, Dick Tracy, Madonna, Marilyn Monroe, Ron Galella, Steven Meisel, Mackie, “ Maria Schiavo, ” Mackie, Pop, Fran Drescher, Monroe, Diana Ross, Cher, Anya Taylor, Joy, Katy Perry, Zendaya, Miley Cyrus, Kim Kardashian, Jared Ellner, De, Tab Vintage’s, Alexis Novak, Carpenter, “, Evan Agostini, Britney Spears, Spears Organizations: CNN, MTV, De Beers, Vogue, UBS Arena, Billboard, VMA Locations: New York, Monroe, Elmont , New York

☆ China economy: Young people in China aren’t spending on romance. That’s a problem
▼ + stars: | 2024-08-13 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

“The Qixi Festival is not as robust as previous years. Couples attend a kissing contest during the traditional Qixi festival in Shenyang, northeast China's Liaoning province, on August 13, 2013. “The only part of the world where consumer confidence remains very low is China,” L’Oreal CEO Nicolas Hieronimus told analysts on an earnings call late last month. Lower-than-expected growth in the global beauty sector this year is largely a consequence of low consumer confidence in China, he added. People take photos at a bus stop decorated with flowers during Qixi Festival, or Chinese Valentine's Day, on August 22, 2023 in Chongqing, China.

Persons: China’s, Louis Vuitton, ”, forlornly, Huang Jinkun, Alfred Wu, Lee, “, Yeap Jun Rong, Xi Jinping, Peng Liyuan, Stringer, De Beers, That’s, Niulang, Nicolas Hieronimus, Joanne Wilson, didn’t, ” Mercedes, Ola Kaellenius Organizations: Hong Kong CNN, Weibo, CNN, Qixi, Lee Kuan Yew, of Public, National University of Singapore, Volkswagen, Ministry of Civil Affairs, Getty, Diamond, State Administration of Foreign Exchange, Global, WPP, China News Service, Mercedes, ” Mercedes Benz Locations: China, Hong Kong, Shenyang, Liaoning province, Beijing, China's Liaoning province, AFP, Chongqing

☆ Female comedians are flipping the script on what they wear to perform
▼ + stars: | 2024-07-29 | by ( Leah Dolan | ) edition.cnn.com time to read: +10 min

CNN —Close your eyes and imagine a stand-up comedian. Today, female comics are more likely to be seen in vintage Versace, Gucci or Alessandra Rich than a denim button-down. To the uninitiated, Barone wore a sparkly silver dress. Dev Bowman“For a long time, female comedians were pressured into dressing like their male counterparts,” said Barone. “I don’t want it to seem like I’m saying I’m the first person to ever wear a dress to do stand up comedy,” she said.

Persons: Versace, Gucci, Alessandra Rich, ” Ziwe, George Santos, Jean Paul Gautlier, Ayo Edibiri, —, Loewe, Thom Browne, Rachel Sennott, Maya Rudolph, Mary Beth Barone, Barone, Kate Moss, Naomi Campbell, Moss, “, Instagram, Barone nodded, ” Barone, Jimmy Fallon, Tom Ford, De, Dave Benett, Sidewalkkilla Barone, Todd Owyoung, Britney Spears, Mary, Kate, Ashley Olsen, Paris, Mary Beth Barone Cat Cohen, ”, ’ ”, Cohen, Kelsely Randall, Chloe, Halle Bailey, Kelsey, aren’t, Phyllis Diller, Jean Carroll, Joan Rivers, Rivers, Midge Maisel, Maisel, Catherine Cohen, Dev Bowman, ” Cohen, ” Margaret Cho —, Betsy Johnson, Todd Oldham, Gemma Kong, Andrew Dice Clay, Louis C.K, ” Cho, ” Margaret Cho, Jay Leno, Margaret Norton, Cho, Ron Galella, Karen Kilgarriff, Janeane Garofalo, Kim Gordon’s, Janeane, Karen, Harry Styles, Forbes earnt Styles, Edebiri, It’s, ” Barone —, Dior Organizations: CNN, YouTube, Sydney, De Beers, NBC, Paris Hilton, Netflix, Globe, MTV, Hollywood Locations: New York, LA

☆ The diamond industry is in trouble as it loses its sparkle in China
▼ + stars: | 2024-06-06 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

In China, the industry's second-largest market, lab-grown varieties, a sluggish luxury market, and low marriage rates are causing it to lose its sparkle. Related storiesCook said one issue is a shift in perception of lab-grown diamonds in the country. The Knot's Real Weddings Study found that nearly half of engagement rings bought in the US last year featured a lab-grown diamond as a center stone. A social media analysis by Daxue Consulting found that lab-grown diamonds are also gaining traction in China, particularly among cash-strapped younger people. Even so, De Beers recently announced that it would halt its six-year experiment with selling lab-grown diamond jewelry.

Persons: —, Duncan Wanblad, De Beers, Wanblad, Al Cook, Cook, Paul Zimnisky, Zimnisky Organizations: Service, Financial, Business, Financial Times, Daxue Consulting Locations: China, De Beers

☆ Diamond industry 'in trouble' as lab-grown gemstones tank prices further
▼ + stars: | 2024-06-05 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

Diamond prices have fallen 5.7% so far this year, according to Zimnisky's rough diamond index, declining more than 30% from their all-time high in 2022. Lab-grown diamonds, which can be up to 85% cheaper than natural diamonds, are made in a controlled environment using extreme pressure and heat. Lab-grown diamond sales have surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. An industry 'in trouble'"The diamond industry is in trouble," Daga told CNBC, adding that he believes natural diamond prices could fall another 15%-20% over the next 12 months. Similar to a natural diamond, a lab-grown diamond is graded based on the 4Cs — clarity, color, cut and carat weight.

Persons: Leon Neal, Duncan Wanblad, De, Paul Zimnisky, De Beers, Marcelo Esquivel, Ankur Daga, Daga, Anish Aggarwal, Lionel Bonaventure Organizations: Afp, Getty, De, BHP, Financial Times, De Beers, CNBC, Daxue Consulting, Bloomberg, Zimnisky Locations: Harrods, London, De Beers, American, China, U.S

☆ Miner Anglo American rejects third takeover offer from rival BHP Group as talks deadline extended
▼ + stars: | 2024-05-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

(Photo by William WEST / AFP) (Photo by WILLIAM WEST/AFP via Getty Images)LONDON — Anglo American rejected a third takeover proposal from rival BHP Group on Wednesday, as the companies agreed to extend talks deadline by one week. The British miner confirmed the third proposal from BHP offered about £29.34 per Anglo American share, based on undisturbed share prices as of market close on April 23. Shares of Anglo American were up 0.35% shortly after the announcement, while BHP shares fell over 3.4%. The combined companies would form a behemoth in copper mining and the world's largest player in the space, supplying 10% of global output, according to a Reuters analysis. Anglo rejected both previous offers, however, saying that they "significantly undervalue the company and its future prospects."

Persons: Stuart Chambers, Chambers, Duncan Wanblad Organizations: BHP, William WEST, WILLIAM WEST, Getty, BHP Group, London Stock Exchange, Limited, Iron Ore Limited, Rio Tinto Locations: Melbourne, Australian, AFP, American, London, Australia

☆ The US is reportedly rethinking plans to ban Russian diamonds amid industry pushback
▼ + stars: | 2024-05-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The US is considering reducing efforts to enforce a ban on Russian diamonds, Reuters reported. AdvertisementThe US is rethinking restrictions on Russian diamonds after a wave of pushback from the industry and nations heavily involved in the diamond trade, Reuters reported on Monday. That's a step up from the initial sanctions, which previously allowed the trade of Russian diamonds that were polished in other countries. The government has received pushback from firms and nations heavily involved in the diamond trade. De Beers, one of the world's largest diamond miners, said it supported a ban on Russian diamonds but wants diamonds to be verified at the source of production, rather than in Belgium.

Persons: —, That's, crimp, Virginia Drosos, De Beers Organizations: Reuters, Service, European Union, White House, US, Signet, De Locations: European, Belgium, Russia

☆ Diamond giant De Beers faces spin-off amid wider restructuring as Anglo American takeover pressure mounts
▼ + stars: | 2024-05-14 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Diamond rings are displayed in a cabinet inside a De Beers SA store in Hong Kong, China, on Thursday, Sept. 14, 2017. Photographer: Calvin Sit/Bloomberg via Getty ImagesAnglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group . The British miner said in a statement Tuesday that De Beers could be divested or demerged to "improve strategic flexibility." CEO Duncan Wanblad said the restructure, which represents "the most radical changes to Anglo American in decades," would help streamline the business and provide greater value to shareholders. The announcement comes just a day after Anglo rejected an improved takeover proposal from BHP.

Persons: Bruce Cleaver, Calvin Sit, De Beers, Duncan Wanblad, Wanblad, — Organizations: De Beers SA, Bloomberg, Getty, BHP Group, BHP Locations: Hong Kong, China, London

☆ The most expensive fashion pieces Taylor Swift has worn this year
▼ + stars: | 2024-04-01 | by ( Amanda Krause | ) www.businessinsider.com time to read: 1 min

In January, Taylor Swift wore more than $108,000 worth of diamond earrings on the Golden Globes red carpet. Taylor Swift wears De Beers diamonds at the 2024 Golden Globe Awards. Axelle/Bauer-Griffin/Getty ImagesSwift wore three earrings on each ear, including a $68,500 pair of De Beers Arpeggia three-line danglers inspired by Beethoven's "Moonlight Sonata." She also sported a $34,900 pair of the brand's Arpeggia one-line earrings, a $2,000 cuff in the style Dewdrop, and one stud in a classic round shape that ranges in price, starting at $3,350. Together, her diamond earrings cost at least $108,750.

Persons: Taylor Swift, Bauer, Griffin, Swift, De Beers, Beethoven's Organizations: Globes

☆ Miley Cyrus won her first Grammys and was the best-dressed star of the show in 5 different outfits
▼ + stars: | 2024-02-05 | by ( Amanda Krause | ) www.businessinsider.com time to read: +4 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe 2024 Grammy Awards was a huge night for Miley Cyrus. Miley Cyrus attends the 2024 Grammy Awards in Los Angeles, California. Miley Cyrus attends the 2024 Grammy Awards. Miley Cyrus attends the 2024 Grammy Awards in Los Angeles, California.

Persons: Miley Cyrus, —, Maison Margiela, Kevin Mazur, Cyrus didn't, Ford, Mariah Carey, Kevin Winter, Cyrus, Bob Mackie, De Beers, John Shearer, Stringer, Gucci, it's Organizations: Service, CBS Locations: Los Angeles , California

☆ New sanctions on Russian diamonds will change the global trade in gems
▼ + stars: | 2024-01-22 | by ( Sarah Kent | ) edition.cnn.com time to read: +5 min

But as of the start of January, EU and G7 countries have banned the direct purchase of non-industrial diamonds from Russia. This move will be followed by further restrictions on the import of Russian diamonds processed in third countries starting in March. Industry groups including the World Diamond Council, Antwerp World Diamond Centre, the Gem and Jewellery Export Council of India and the Gemological Institute of America (GIA) have been working together to develop an effective solution. What does this mean for the diamond industry? LVMH-owned Tiffany and Richemont both said they stopped sourcing Russian stones shortly after the war in Ukraine broke out.

Persons: Russia’s, Pavel Alekseevich Marinychev, ”, Paul Zimnisky, Russia they’ll, Andrey Rudakov, Morgane Winterholer, De Beers, Tiffany, Richemont Organizations: CNN, European, Bloomberg, Getty, EU, Industry, World Diamond Council, Diamond Centre, Jewellery Export, of India, Gemological Institute of America, “, ”, GIA Locations: Ukraine, Canada, Japan, France, Germany, Italy, Antwerp, Belgian, Russia, Europe, Moscow, “

☆ Kate Moss at 50: A supermodel through the decades
▼ + stars: | 2024-01-16 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +7 min

CNN —British supermodel Kate Moss turns 50 today — and she remains as much a cultural icon as when she emerged as a breakout star more than three decades ago. Johnny Green/PA/Getty Images Kate Moss and her then-boyfriend, the actor Johnny Depp, attend the Golden Globe Awards in 1995. Dave M. Benett/Getty Images Kate Moss and Jamie Hince pose with bridesmaids after getting married on July 1, 2011 in Southrop, England. Jewel Samad/AFP/Getty Images Moss arrives for a screening of the movie "Loving" at the 2016 Cannes Film Festival. Scroll through the gallery above to see some of the most memorable moment’s from Kate Moss’ life and career.

Persons: Kate Moss, Moss, it’s, ”, Corinne Day, Cindy Crawford, Naomi Campbell, Claudia Schiffer, Chanel, Calvin Klein, Johnny Green, Johnny Depp, Ron Davis, Pierre Verdy, Donatella Versace, De, UPPA, Zuma Moss, Pete Doherty, MJ Kim, Alexander McQueen's, Andy Paradise, Banksy, Andy Warhol's, Marilyn Monroe, Carl De Souza, Marc Jacobs, Patrick McMullan, Mario Testino, Kate Who, Dave M, Jamie Hince, bridesmaids, Neil Mockford, Stella Tennant, Lily Cole, Karen Elson, Jourdan Dunn, David Gandy, Jewel Samad, Antonin Thuillier, Stella McCartney, Chris Joseph, Louis Vuitton's, Peter White, Lila, Princess Eugenie of York, Jack Brooksbank, George's, Alastair Grant, Stephane De Sakutin, Amber Valletta, Daniele Venturelli, Amber Heard, Evelyn Hockstein, Jamie McCarthy, David Bailey, Kate, ” Moss, Jefferson Hack, Marc Quinn, Lucian Freud, Johnny Cash, Paul McCartney, Elton John Organizations: CNN, Vogue, Burberry, British Vogue, Getty, Globe, Glastonbury Music, Olympic, London, Louis, Milan, BBC, Forbes, Stripes Locations: British, South London, Croydon, London, Couture, Paris, AFP, Glastonbury, New York City, Southrop, England, St, Windsor , England, Fairfax, Fairfax , Virginia, Arizona, Egypt

☆ Diamonds Made With Solar Power Are Offering Fiancées Ethical Fashion
▼ + stars: | 2024-01-13 | by ( Yusuf Khan | ) www.wsj.com time to read: +8 min

“She really did not want a natural diamond because of the child labor [concerns],” said Henshall. A lab-grown diamond made with solar power. Made largely in China and India, lab-grown diamonds are produced using heat and pressure but without any mining. Three years later the former retail executive started selling lab-grown diamonds produced in a solar-powered factory in Gujarat, India. The volume and quality can vary but is a good barometer of appetite for natural diamonds, as well as prices.

Persons: Peter Henshall, Tasha Mawdsley, Tasha, ”, Henshall, “, Peter aren’t, Paul Zimnisky, Pandora, Laura Lambert, Fenton, “ It’s, We’ve, ” Lambert, ” Beth Gerstein, David Kellie, De Beers, De, Lightbox, LVMH, Cartier, Richemont, Kyle Grant, Grant, it’s, Yusuf Khan Organizations: Natural Diamond, Business, First Insight, Baker Retailing, Wharton School, University of Pennsylvania, Diamond Exchange, Miners, De Beers, yusuf.khan@wsj.com Corrections, Amplifications Locations: Ibiza, China, India, Danish, London, Gujarat, U.S, Amplifications Danish

☆ Angola's new diamond mine opens against backdrop of weak demand
▼ + stars: | 2023-11-27 | by ( Miguel Gomes | ) www.reuters.com time to read: +3 min

An employee looks at a rough diamond at "Flanders Manufacturing", as the G7 weighs a ban on Russian diamond imports to reduce revenues for Moscow's war in Ukraine, Antwerp, Belgium, October 30, 2023. Angola's state-controlled diamond miner Catoca found the Luele diamond deposit at the project, previously known as Luaxe, in 2013 in one of the largest discoveries in the diamond industry in more than half a century. De Beers, the world's largest rough diamond producer by volume, estimates 2022 global rough diamond production at 121 million carats. Demand for rough diamonds has been weak in recent months with India - cutter and polisher of 90% of the world's rough diamond - asking the global miners to stop selling it the gemstones to manage accumulated stocks. Catoca, in which Russia's sanctions-hit Alrosa (ALRS.MM) owns 41%, currently holds a 50.5% stake in the Luele project.

Persons: Johanna Geron, Catoca, Paul Zimnisky, De Beers, Luele, Richard Chetwode, Zimnisky, Miguel Gomes, Polina Devitt, Felix Njini, David Evans Organizations: REUTERS, Rights, Reuters, Thomson Locations: Ukraine, Antwerp, Belgium, Rights LUANDA, Angola, U.S, China, India

☆ Soon You May Know Exactly Where Your Diamond Was Mined
▼ + stars: | 2023-11-20 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: +1 min

He moved to the city, a diamond trading hub, after leaving De Beers, where he had worked for 16 years, including five years in Gaborone, Botswana’s capital. Greg Kwiat, chief executive of Kwiat Diamonds, a diamond jewelry brand in New York City, said the company’s Mine to Shine traceability program, introduced in June, was likewise based on a desire to show how diamonds positively affect the communities in Africa where they are mined. Consumers who buy Kwiat diamonds are able to follow their stones from the mine through the stages of cutting and setting into jewelry. “Right now, we’re sharing videos and imagery of the process as it’s occurring,” Mr. Kwiat said. In 2003, a coalition of governments, civil society and diamond industry established the Kimberley Process Certification Scheme, aimed at preventing the flow of conflict diamonds.

Persons: Mr, Moltke, De, ”, Greg Kwiat, Kwiat, “ Organizations: Diamond Center, De, Kwiat, Consumers Locations: Antwerp, Belgium, De Beers, Gaborone, Botswana’s, “, Clearwater, Fla, New York City, Africa, Kimberley

WASHINGTON (AP) — A new batch of Rhodes scholars from the United States has been selected to study at the University of Oxford in a screening process that was conducted in person for the first time since the COVID-19 pandemic swept across the globe in 2020. The scholars, who are among students selected from more than 70 countries, are due to pursue graduate degrees ranging from social sciences and humanities to biological and physical sciences. The U.S. scholars were selected by 16 independent district committees from a pool of more than 2,500 applicants. The sponsorships were created in 1902 by the will of Cecil Rhodes, a founder of the diamond mining and manufacturing company De Beers. The inaugural class entered Oxford in 1903 and the first U.S. Rhodes scholars arrived the next year, according to the website of the trust’s American secretary.

Persons: Rhodes, —, Ramona L, Doyle, Cecil Rhodes Organizations: WASHINGTON, University of Oxford, American, Rhodes, De Beers, Oxford Locations: United States, Puerto Rico, American

☆ In diamond centre Antwerp, Russian gems are already shunned
▼ + stars: | 2023-11-03 | by ( Julia Payne | ) www.reuters.com time to read: +5 min

[1/5] Cut diamonds are seen at the diamond exchange in Antwerp, as the G7 weighs a ban on Russian diamond imports to reduce revenues for Moscow's war in Ukraine, Antwerp, Belgium, October 30, 2023. Other diamond firms in Antwerp, the world's biggest centre of trade in rough diamonds and cutting of the biggest gems, were asked to avoid Russian stones. Now, Western powers want to make the boycott official with a formal ban on Russian stones. Imports of Russian rough diamonds are now at less than 5% of pre-war levels, the source said. Most proposals under consideration by the G7 now focus on rough diamonds of 1 carat and above initially.

Persons: Johanna Geron, Thierry Tugendhaft, Van Cleef, Tugendhaft, De Beers, It's, Julia Payne, Elaine Hardcastle Organizations: REUTERS, Rights, European, World Diamond Council, EU, Thomson Locations: Antwerp, Ukraine, Belgium, Rights ANTWERP, Russia, Paris, Tiffany's, Cartier, Canada, Lesotho, South Africa, Botswana, India, United States, Japan, European Union, France, Antwerp . New

☆ How 2023 became the year of the lab-grown diamond
▼ + stars: | 2023-10-26 | by ( Diana Pearl | ) edition.cnn.com time to read: +9 min

The company isn’t the only one seeing big sales from this category: Lab-grown diamond brand Brilliant Earth saw a 15.7 percent net sales increase in 2022, to $440 million. Dorsey, another exclusively lab-grown jewelry brand, sold over a million stones last year. Broadening the marketMany consumers plough the savings from buying a lab-grown diamond into more jewelry — a bigger engagement ring, for instance. Valeria Mongelli/Bloomberg/Getty Images/File“The lab-grown diamond is not in competition with mined diamonds, it’s a complement to mined diamonds,” said Sayed Haider, COO, merchandising and operations at Diamond Nexus, which added a line of lab-grown diamonds to its offering earlier this year. Lab-grown diamond brand Dorsey sold over a million stones last year.

Persons: CNN CNN —, Pandora, ”, Pamela Anderson, Dorsey, Tiffany, Lionel Bonaventure, haven’t, Paul Zimnisky, Golan, De, Mary Carmen Gasco, Megan Strachan, Valeria Mongelli, Sayed Haider, “, Strachan, Grace Coddington, Pandora Dorsey, influencers, Bella Hadid, Justin, Hailey Bieber, that’s, Zuo Dongchen, Anderson, Precious Lee, De Beers, Bruce Cleaver, Fred, Ashley Barrett It’s, Shah Organizations: The, Fashion, CNN CNN, Diamond District, New, Brands, Cartier, Getty, De Beers, Pandora, Business, Bloomberg, Diamond Nexus, ”, Vogue, Marketing, Publishing, British Fashion Council, Business of Fashion, CNN Locations: New York, Astor, Paris, AFP, Zhengzhou, China

☆ Options for G7 discussion for a ban on Russian diamonds
▼ + stars: | 2023-10-18 | by ( ) www.reuters.com time to read: +5 min

Enforcement would be government regulated through customs at a single point of entry for rough diamonds and several G7 entry points for polished stones. The proposal said a single entry point would be needed for rough diamonds without specifying where. Antwerp would be the favoured option for Belgium and the city also already handles most of the rough diamond trade. WORLD DIAMOND COUNCILThe World Diamond Council, which includes the world's largest rough diamond producer by value, De Beers, has proposed a version of the ban that is largely self-regulating. Any diamond sellers would then have to include with the stone they sell a declaration called the "G7 Diamond Protocol Declaration" that the diamond is not Russian.

Persons: De Beers, Sellers, De, WDC, Julia Payne, Jan Strupczewski, David Evans Organizations: Reuters, World Diamond Council, Belgian, Export Promotion Council, WORLD DIAMOND, Diamond Council, Russian, Thomson Locations: Ukraine, Belgium, India, France, BELGIUM, Antwerp, Russian, Botswana, INDIA, Surat, Mumbai, FRANCE

☆ Diamond prices are down but shoppers shouldn't expect cheaper jewelry this holiday season
▼ + stars: | 2023-10-01 | by ( Eva Rothenberg | ) edition.cnn.com time to read: +3 min

According to the Zimnisky Global Rough Diamond Index, prices are the lowest they’ve been in a year. Shopper demand for diamond jewelry influences rough diamond prices and, to an extent, retail prices. The plummeting prices follow two record-breaking years in rough diamond sales. But a drop in rough diamond prices does not mean shoppers will see cheaper price tags in stores. “The stock market is performing relatively well and employment is strong,” he said, paving the way for a gradual recovery of rough diamond prices in 2024.

Persons: ”, Paul Zimnisky, “, Edahn Golan, ” Zimnisky, David Johnson, De Beers, Zimnisky Organizations: CNN, Industry, Retailers, De Locations: Retailers stoke, Golan, United States

☆ One Russian diamond giant is halting sales in a desperate scramble to stop prices from plunging
▼ + stars: | 2023-09-20 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

Russia diamond giant Alrosa is halting sales in a bid to boost diamond prices, according to Bloomberg. Diamond prices have struggled over the past year amid growing demand for lab-grown stones. The mining giant will pause sales of rough diamonds until November, Bloomberg reported on Wednesday, citing a company memo sent out to customers. That comes amid a freefall in diamond prices, which has only accelerated over the past few weeks. Russian diamonds are also facing a potential ban from the G7 nations, which could impact the price of diamonds of Russian origin.

Persons: Alrosa, De Beers, — Organizations: Bloomberg, Diamond, Service, Belgian Locations: Russia, Wall, Silicon

The plan could transform the global diamond supply chain, but implementation will depend heavily on India, whose diamond industry employs millions of people who cut and polish 90% of the world's diamonds. If it goes ahead as anticipated, it would split the global consumer diamond market. The EU bought 1.4 billion euros ($1.5 billion) worth of Russian diamonds last year, based on data from Eurostat, as the EU has not banned Russian gem imports nor blacklisted Alrosa. As of 2021, global rough diamond sales totalled $16.4 billion, while demand for polished diamonds was $28 billion, the De Beers report showed. "I think the G7 officials involved with this are taking it quite seriously and I believe they will strictly enforce it.

Persons: Belgium's, Alrosa, De Beers, Paul Zimnisky, Zimnisky, Julia Payne, Polina Devitt, Clara Denina, Shivangi Acharya, Rajendra Jadhav, Toby Chopra, David Holmes, Veronica Brown, Jane Merriman Organizations: EU, Eurostat, De Beers, De, Industry, Belgian, Jewellery Export, Thomson Locations: India, Antwerp, BRUSSELS, LONDON, Ukraine, Belgium, Brussels, Russia, United States, INDIA, AFRICA, Africa

☆ De Beers 'confident' talks will avert strike at S.Africa's Venetia mine
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +1 min

De Beers delivers first production from underground operations at its Venetia Mine in South Africa in this undated handout picture. On Tuesday, NUM, South Africa's biggest mineworkers' union, said it was planning a strike at Venetia, as De Beers could only offer a 6% pay increase against demands for a 9% hike. The strike by NUM's 1,500 workers would impact operations at Venetia's new $2.3 billion underground operations, which started production in July. De Beers stopped its 30-year open pit operations at Venetia in December 2022. "We are confident that through continued engagement with the union and our employees we will reach a sustainable settlement with the NUM," De Beers said.

Persons: De Beers, NUM, Nelson Banya, Sharon Singleton Organizations: REUTERS, South Africa's National Union of Mineworkers, Commission, Conciliation, Thomson Locations: Venetia, South Africa, NUM

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