Jewellery sector's quest for clarity
Russia is one of the world's leading diamond producers. Amid the war in Ukraine, the jewellery industry has been struggling to find alternatives to Russian stones. © Studio Pachamama

Running story
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.

Jewellery sector's quest for clarity
Russia is one of the world's leading diamond producers. Amid the war in Ukraine, the jewellery industry has been struggling to find alternatives to Russian stones. © Studio Pachamama

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

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.

LogoSubscribers only Entourage 07.12.2023

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.

LogoSubscribers 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.

LogoSubscribers only Houses 29.06.2023

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.

LogoSubscribers 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.

LogoSubscribers only Houses 25.05.2023

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.

Free access Entourage 18.05.2023

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.

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.
LogoSubscribers 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.

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