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

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. [...] (622 words)
Published on 25/05/2023 at 05:00 GMT Reading time 3 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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Angolan President Joao Lourenco (C) watches as Endiama CEO Jose Manuel Augusto Ganga Junior (L) shakes hands with Alrosa CEO Sergei Ivanov (R), in the Kremlin in Moscow, 4 April 2019. © Alexei Druzhinin/Sputnik/Kremlin Pool
Africa Intelligence 23/05/2022

Sanctions-hit Alrosa's woes impact on continent's diamond producers 

The West's sanctions on the Russian mining colossus Alrosa, the world's largest diamond producer, are taking a huge toll on Angola, its main partner. That has left the field open for the world's second largest diamond producer, Botswana, to charge ahead.

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