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Russia, Ukraine, United States
Is Ukraine a gateway for Russian stones?

Read this article in our running story

“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. [...]

The Ukrainian jewellery market is riding high on its position as an alternative to Russia's dominance in the sector, fast-tracking its access to global trading hubs. But the provenance of Ukraine's raw materials, especially diamonds, remains opaque. [...]

Published on 07.12.2023 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

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Alyona Kiperman
Dana Drutis
Drutis Jewellery
Marie-Cécile Cisamolo
Melanie Grant
Nomis
Olga Oleksenko
Responsible Jewellery Council
Saks
Sotheby's
Strong & Precious Art Foundation
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
LVMH focuses lobbying efforts on alcohol

Having long poured funds into promoting Tiffany's interests in the US Congress, the luxury group is shifting its strategy and fighting restrictions on alcoholic beverages instead.

Subscribers only Houses 21.03.2024

France, Switzerland
The diamond-trading Benmussa clan's record French tax adjustment

The highest court in France has made final a tax adjustment of over €30m that the Benmussas, a family of stone and gem merchants, had been trying to shake for more than a decade.

Subscribers only Families 14.12.2023

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

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

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.

France
Paris 2024 organising committee to opt for Olympic medals made with recycled gold

The Paris Mint is close to winning the Paris 2024 organising committee's tender for manufacturing Olympic medals. Its bid favours using recycled gold, the certification of which is not precisely defined.

Subscribers only Entourage 20.04.2023

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Alyona Kiperman
Dana Drutis
Drutis Jewellery
Marie-Cécile Cisamolo
Melanie Grant
Nomis
Olga Oleksenko
Responsible Jewellery Council
Saks
Sotheby's
Strong & Precious Art Foundation
Van Cleef & Arpels

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Russia, Ukraine, United States
Is Ukraine a gateway for Russian stones?

Jewellery sector's quest for clarity

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

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
LVMH focuses lobbying efforts on alcohol

France, Switzerland
The diamond-trading Benmussa clan's record French tax adjustment

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

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

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

France
Paris 2024 organising committee to opt for Olympic medals made with recycled gold

Set up email notifications for these topics

About Glitz.paris

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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, Ukraine, United States Is Ukraine a gateway for Russian stones?

Jewellery sector's quest for clarity

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

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 LVMH focuses lobbying efforts on alcohol

France, Switzerland The diamond-trading Benmussa clan's record French tax adjustment

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

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

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

France Paris 2024 organising committee to opt for Olympic medals made with recycled gold

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

Russia, Ukraine, United States
Is Ukraine a gateway for Russian stones?

France
Messika's search for a partner drags on

United States
LVMH focuses lobbying efforts on alcohol

France, Switzerland
The diamond-trading Benmussa clan's record French tax adjustment

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

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

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

France
Paris 2024 organising committee to opt for Olympic medals made with recycled gold