DEF Reveals Diamonds Do Good Honorees

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RAPAPORT… The Diamond Empowerment Fund (DEF) will honor De Beers CEO
Bruce Cleaver, as well as Rolex and a Canadian regional government, at its
Diamonds Do Good awards event in Las Vegas in May.

Cleaver, who has headed De Beers since July 2016, will pick
up the Professional Advancement Award for his role in promoting the role of
women in the industry, the DEF said Tuesday. During Cleaver…

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Tiffany Restores Growth in Strong Holiday Season

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RAPAPORT… Tiffany & Co.’s sales jumped 8% during the holiday
season amid a sharp improvement in US demand and a recovery in Asian markets,
the luxury jeweler reported Wednesday.

Group sales grew to $1.05 billion during November and
December, with comparable-store sales — those at branches open for at least a
year — rising 5%.
Growth was registered across all regions and product
ca…

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New Campaign Highlights Jewelry Manufacturers

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RAPAPORT… Manufacturing Jewelers & Suppliers of America (MJSA) has
launched a social-media marketing drive aimed at increasing millennials’ interest in the jewelry industry, the trade alliance said Tuesday.

The Jewelers Do It Better campaign strives to raise
awareness and interest in various jewelry styles. It also seeks to highlight the role of manufacturers and designers by feat…

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Jewelry Industry Summit Postponed

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RAPAPORT… The third Jewelry Industry Summit, originally planned for
early March, is being rescheduled to a later date due to a lack of funding,
organizers said.

Although the forum, which promotes sustainability and
responsible sourcing, has received a number of contributions from sponsors, the
organization claims many companies are investing their resources in their own sustainability
p…

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Firestone Optimistic About 2018 Prices

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RAPAPORT… Firestone Diamonds saw an increase in the average price achieved at its Liqhobong mine in Lesotho in the second fiscal quarter as production shifted to a higher-grade area of the operation. The company achieved $80 per carat during the three months that ended December 31, compared to $69 in the previous quarter, the miner reported Wednesday. Firestone sold 156,942 carats for $12.5…

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De Beers Takes Further Blockchain Step

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RAPAPORT… De Beers is piloting blockchain technology for the diamond industry, working with a small number of participants to test how it works, it said Tuesday.The platform — which keeps a tamper-proof ledger of transactions — will enable a permanent digital record for every diamond registered on the network, De Beers explained. It will span the entire diamond pipeline, enabling improved confid…

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Jewelry Group: There Is No Glass Ceiling

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RAPAPORT… The Women’s Jewellery Network (WJN) has released the
#NoGlassCeiling social media campaign, in support of ambitious, career-oriented
women in the UK jewelry industry.  The campaign, which the WJN shared over Instagram, Facebook and
Twitter, aims to shatter the perception that there is a glass ceiling on the level of achievement UK women in the jewelry industry can reach, t…

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Carat+ Reveals Show Details

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RAPAPORT… the second edition of the Carat+ diamond trade show will take place at the Antwerp Expo in Belgium from May 6 to 8, organizers said.

The international fair focuses on diamonds, loose stones,
diamond jewelry and colored gemstones.
Last year’s expo saw an official visitor count of 2,927 and
won praise from those involved in the show.

This year, the show will feature specia…

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Pandora Execs Exit after Disappointing Revenue

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RAPAPORT… Pandora chief financial officer Peter Vekslund and president
of Americas Scott Burger are leaving the company, the Danish jeweler reported
last week.

Anders Boyer, a member of Pandora’s board of directors since
2012 and the CFO of Hempel, will replace Vekslund, a four-year veteran at the
company, in the coming months.

“Pandora is a fantastic growth story and has a very stro…

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Sotheby’s Names New Head of Watch Auctions

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RAPAPORT… Sotheby’s has hired Sam Hines as worldwide head of its watch
division — the auction house’s second senior appointment for its jewelry and
timepiece department in less than two months. 
Based in Hong Kong, Hines (pictured) will oversee the unit and work
with the existing team on its major sales in Geneva, New York, Hong Kong and
London, Sotheby’s said Monday. He has 20 years …

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