Rebecca Foerster Heads ALROSA USA Inc.

ALROSA, the largest diamond mining company in the world, has appointed Rebecca Foerster as President ALROSA USA Inc. Until recently, Ms. Foerster served as Executive Vice President of Strategic Planning and Marketing at New York’s Leo Schachter Diamonds...

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Leviev gets back stake in Zambian emerald mine

Israeli diamond billionaire Lev Leviev has regained ownership of a 50 percent stake in an emerald mine in Zambia at the heart of a $50-million dispute, according to a media report.

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Stornoway Diamonds stabilises production in Q4

Diamond production of Stornoway Diamonds has stabilised in Q4 after boosting the underground operations at the Renard Diamond Mine in Canada. This might help the company to lift its production guidance 2019, says thediamondloupe.com.

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Gem & Jewellery Domestic Council to be launched in Mumbai on January 28

A new Gem & Jewellery Domestic Council, an apex body that will bring together all the different segments of the industry within India under a common banner, will be formally launched by the Hon’ble Minister of Commerce & Industry, Shri Suresh...

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Namibia diamond trading company appoints new CEO

Namibia Diamond Trading Company (NDTC), a joint venture between the Namibian government and De Beers, has appointed Brent Eiseb as the new chief executive with effect from 1 January, according to local news reports citing the company’s board...

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The Millennial Market That Many Jewelers Are Missing

20 december 2018
(jckonline.com) - Asian-American and Hispanic millennials are a growing force in the luxury goods market, though jewelers have been slow to recognize the increasing importance of this demographic, according to a new report by MVI Marketing. We started realizing about six months ago that this is the biggest shopping bloc within luxury goods for most American brands,” says MVI Marketing CEO Marty Hurwitz. “These consumers are living in our most expensive cities, they are attending top universities, they are buying premium real estate. Some luxury brands are not aware of this demographic. Most jewelry brands are not. Yet this is the growth demographic for luxury goods.”