Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

Tactical moves, succession challenges, talent pools: discover Glitz, the first investigative publication dedicated to the global luxury sector

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RUSSIA UNITED STATES

Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

US diplomacy has been pushing to get the G7, which is about to meet in Japan, to discuss a sanctions plan on Russian diamonds. Whatever the outcome of these talks, one thing is certain: emeralds mined for Moscow will continue to be sold freely. [...] (448 words)
Published on 18/05/2023 at 05:00 GMT Reading time 2 minutes

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Further reading
In the absence of a proper traceability system, jewellers have come up with charters of good conduct to try to respond to their customers' concerns. © Studio Pachamama
Spotlight
FRANCE SWITZERLAND 11/05/2023

Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims 

All the luxury groups, from Richemont to LVMH, have made traceability commitments for their coloured stone jewellery. But the realities of a market concentrated in a handful of countries make credible certification impossible. Glitz.paris looks into the situation in Madagascar, the epicentre of the sapphire business.
One of the first packages of EU sanctions banned luxury groups from doing business in Russia. © Studio Pachamama
Spotlight
RUSSIA 06/10/2022

Luxury sector eludes effort to seal Ukraine sanctions loopholes  Free

After Moscow annexed four Ukrainian regions last week, the European Union and the United States sought to tighten the grip of sanctions already in place against Russia, particularly over the trade in luxury goods. But at the eleventh hour, brands that have long prospered from their Russian clientele have managed once more to slip through the cracks in Europe.

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