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Over 300 articles

Russia, United States
Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

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“Jewellery sector's quest for clarity”

Europe, Russia

Jewellery sector's quest for clarity

With Russia a leading producer, diamonds have seen their prices plummet since the start of the war in Ukraine. The industry, highly concentrated around a few major players, has been experimenting with synthetic stones and other gems, but is struggling to find a clear-cut solution. The real issue is traceability, which is currently impossible to implement. [...]

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. [...]

Published on 18.05.2023 at 05:00 GMT Reading time 2 minutes

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Entourage

Read this article in our running story

“Jewellery sector's quest for clarity”

Europe, Russia

Jewellery sector's quest for clarity

Set up email notifications for these topics

Antwerp World Diamond Centre
Brad Brooks-Rubin
Bulgari
Cartier
Courbet
EU
G7
James O'Brien
LVMH
Obama
Perrin
Richemont
Tiffany & Co
Van Cleef & Arpels

France
Messika's search for a partner drags on

The Messika family-owned jeweller has not progressed far in its hunt for a new stakeholder after appointing a bank to find one last year.

Subscribers only Houses 28.03.2024

United States
Synthetic diamond specialist Charles & Colvard issued with new deadline for Nasdaq delisting

Poor results for the pioneering synthetic stone maker could see the brand kicked off the New York stock market index that hosts many US technology companies.

Subscribers only Entourage 21.03.2024

Europe
Kering and LVMH vie for virtuousness, Chanel switches sides

LVMH and Kering are each trying to rally luxury players to subscribe to their corporate responsibility and sustainability schemes. Chanel, which signed up to Kering's Watch & Jewellery Initiative 2030, has since switched allegiances to LVMH in the hope of influencing the auditing schedule for its supply chains.

Free access Houses 21.12.2023

France, Russia, United States
Spectre of Russian sanctions looms over synthetic gem sector

Demand is raging for synthetic diamonds, with every luxury house leaping on the bandwagon. But the artificial stones industry fears that sanctions against Russia - one of the sector's leading producers - could disrupt its momentum.

Subscribers only Entourage 21.09.2023

Italy, Switzerland, United States
Bulgari family office dragged into heiress sisters' bitter feud

A fraught legal battle playing out in the United States between two siblings from the fourth generation of the Bulgari jewellery dynasty is having knock-on effects for a discreet Swiss firm that manages the family's fortune.

Free access Families 07.09.2023

Africa, Belgium, China
Antwerp diamond traders cut fresh deals to bypass EU sanctions

In search of an alternative to Russian diamonds, whose trade the EU has been trying to sanction for a year, Antwerp, one of the world's three stone-trading centres, is trying to bring back Zimbabwean diamonds, which have long been under sanctions.

Free access Entourage 27.07.2023

Russia
Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

Unable to buy Russian diamonds due to US and EU sanctions, jewellery companies are looking for other options to help them play by the rules and polish up their reputations with clients.

Subscribers only Houses 29.06.2023

France, Russia, Turkey
Lacoste sidesteps sanctions to keep sales in Russia afloat

The brand with the iconic crocodile logo denies that it still sells its products in Russia. But, to avoid a drastic decline in sales, one of its partners does so on its behalf.

Subscribers only Houses 15.06.2023

Document | Russia, United States
De Beers and Russian diamonds: Following up on our revelations

Since Glitz.paris disclosed that De Beers sold Russian stones in the United States in 2022, the diamond giant has fiercely denied it - letting slip some revealing information in the process.

Subscribers only Houses 08.06.2023

Switzerland
Former Cartier CEO Perrin still raking in hefty fees from Richemont

Since leaving Richemont in 2016, former Cartier chief Alain Dominique Perrin has continued to earn millions of Swiss francs a year from the group, officially as a marketing and development consultant.

Subscribers only Houses 08.06.2023

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

De Beers claims to source its diamonds only from Africa and Canada, but last year it sold stones of Russian origin in the United States. The firm also bought diamonds in 2022 from the Russian firm Alrosa via an Israeli company.

Subscribers only Houses 25.05.2023

Spotlight | France, Switzerland
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.

Subscribers only Houses 11.05.2023

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.

Spotlight | Russia
Luxury sector eludes effort to seal Ukraine sanctions loopholes

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.

Free access Entourage 06.10.2022

One of the first packages of EU sanctions banned luxury groups from doing business in Russia.

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Antwerp World Diamond Centre
Brad Brooks-Rubin
Bulgari
Cartier
Courbet
EU
G7
James O'Brien
LVMH
Obama
Perrin
Richemont
Tiffany & Co
Van Cleef & Arpels

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Russia, United States
Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

Jewellery sector's quest for clarity

This article is free

Create an account to read more

create a free account

Jewellery sector's quest for clarity

Set up email notifications for these topics

France
Messika's search for a partner drags on

United States
Synthetic diamond specialist Charles & Colvard issued with new deadline for Nasdaq delisting

Europe
Kering and LVMH vie for virtuousness, Chanel switches sides

France, Russia, United States
Spectre of Russian sanctions looms over synthetic gem sector

Italy, Switzerland, United States
Bulgari family office dragged into heiress sisters' bitter feud

Africa, Belgium, China
Antwerp diamond traders cut fresh deals to bypass EU sanctions

Russia
Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

France, Russia, Turkey
Lacoste sidesteps sanctions to keep sales in Russia afloat

Document | Russia, United States
De Beers and Russian diamonds: Following up on our revelations

Switzerland
Former Cartier CEO Perrin still raking in hefty fees from Richemont

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

Spotlight | France, Switzerland
Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims

Spotlight | Russia
Luxury sector eludes effort to seal Ukraine sanctions loopholes

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

About Glitz.paris

Subscription

Indigo Publications' websites

Jacquemus, season 2

Karl Lagerfeld's long-time mansion, a luxury playground in Paris

The secrets of Karl Lagerfeld's estate

Russia, United States Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

Jewellery sector's quest for clarity

This article is free

Create an account to read more

create a free account

Jewellery sector's quest for clarity

Set up email notifications for these topics

France Messika's search for a partner drags on

United States Synthetic diamond specialist Charles & Colvard issued with new deadline for Nasdaq delisting

Europe Kering and LVMH vie for virtuousness, Chanel switches sides

France, Russia, United States Spectre of Russian sanctions looms over synthetic gem sector

Italy, Switzerland, United States Bulgari family office dragged into heiress sisters' bitter feud

Africa, Belgium, China Antwerp diamond traders cut fresh deals to bypass EU sanctions

Russia Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

France, Russia, Turkey Lacoste sidesteps sanctions to keep sales in Russia afloat

Document | Russia, United States De Beers and Russian diamonds: Following up on our revelations

Switzerland Former Cartier CEO Perrin still raking in hefty fees from Richemont

Russia, United States De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

Spotlight | France, Switzerland Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims

Spotlight | Russia Luxury sector eludes effort to seal Ukraine sanctions loopholes

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

Russia, United States
Looming Russian diamonds' embargo fails to take shine off sales of its coloured stones

France
Messika's search for a partner drags on

United States
Synthetic diamond specialist Charles & Colvard issued with new deadline for Nasdaq delisting

Europe
Kering and LVMH vie for virtuousness, Chanel switches sides

France, Russia, United States
Spectre of Russian sanctions looms over synthetic gem sector

Italy, Switzerland, United States
Bulgari family office dragged into heiress sisters' bitter feud

Africa, Belgium, China
Antwerp diamond traders cut fresh deals to bypass EU sanctions

Russia
Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

France, Russia, Turkey
Lacoste sidesteps sanctions to keep sales in Russia afloat

Document | Russia, United States
De Beers and Russian diamonds: Following up on our revelations

Switzerland
Former Cartier CEO Perrin still raking in hefty fees from Richemont

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

Spotlight | France, Switzerland
Madagascar sapphire mine exposes jewellery firms' hollow 'ethical' claims

Spotlight | Russia
Luxury sector eludes effort to seal Ukraine sanctions loopholes