President Duma Boko has called for every diamond from Botswana’s mines to remain in the country for manufacturing, signaling a major policy shift, according to a local report. “We are moving to a ...

Botswana President Duma Boko has announced plans for the termination of over 1,000 workers at Debswana, the government’s joint venture with De Beers. Boko made the declaration at a recent address to ...

The Jewelers Board of Trade (JBT) has appointed Andrew Rickard as president, to succeed Erich Jacobs. For the past five years, Rickard has served on both the board and executive board of JBT, ...

Revenue at Watches of Switzerland rose for the full year as US consumers spent in force following a brief pause after the initial tariff announcement. Group sales rose 7% to GBP 1.65 billion ($2.21 ...

With the clock ticking to implement industry-wide tracking systems, the major players are pushing their platforms — but working together is the most likely key to success. In 2015, while celebrating ...

Botswana President Mokgweetsi Masisi paused for a moment after stepping up to the podium to address the annual Natural Diamond Summit in Gaborone. As he looked through the marquee venue, aptly known ...

While the hands-on approach is still crucial, artificial intelligence is already a boon to mapping and polishing stones – and there’s more on the horizon. The diamond-manufacturing industry has made ...

Thailand has long served as a center for colored gemstones. Its ruby and sapphire deposits and its strategic location — neighboring the gem-rich nations of Myanmar (Burma), Cambodia and Vietnam — have ...

Weak demand and a supply glut have created a perfect storm for manufacturers. But the only true solution is at the consumer level. Talking to diamantaires in recent weeks, one trend stands out. Indian ...

It was still late 2022 when signs started to emerge that a market slump was on its way. Dealers and retailers reported a sluggish holiday compared with 2021’s record season. Mastercard SpendingPulse ...

The conversation about synthetic diamonds has reached a fever pitch as oversupply and cheaper production costs continue to push down prices and trade-in values, even while consumer exposure and demand ...

Jewelry retail in the US has been declining steadily for more than 20 years, and 2023 was no different. The number of jewelry retailers fell by 2.8% to 17,554 last year, according to the Jewelers ...