News
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Feb- 2025 -17 February
Average diamond price rose 2.7% in 2024
The average price of a diamond rose 2.7% to $2,360 (£1872) in 2024, according to data from the Natural Diamond Council (NDC). Furthermore, overall jewellery sales across all product segments grew 5.2% in 2024. Round diamonds still accounted for 82% of centre stones, oval cuts featured in 165 of engagement…
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17 February
Richard Duffy steps down as Petra Diamonds CEO
Petra Diamonds has announced that Richard Duffy has resigned as CEO and director of the company by mutual agreement and with immediate effect. Vivek Gadodia and Juan Kemp have been appointed as joint interim chief executive officers. Gadodia will have responsibility for all group corporate matters and Kemp will have…
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14 February
January diamond prices drop in slow market
The diamond market was slow in January, with mixed reports about holiday sales, according to Rapaport’s RapNet Diamond Index. Diamond prices declined, with some improvement in 0.30- to 0.50-carat, and 1 carat diamonds — reflecting round D to F, IF to VVS2 goods, which saw a 0.4%, 0.6% and 2.3%…
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14 February
Richemont announces board and executive committee changes
Richemont has announced a number of changes to its board of directors and senior executive committee (SEC). Catherine Rénier, CEO of Van Cleef and Arpels, Louis Ferla, CEO of Cartier, and Marie-Aude Stocker, chief people officer (CPO) of Richemont have been appointed to the SEC. Stocker, formerly director of people,…
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13 February
Boodles designs the 2025 Grand National Trophy
Boodles has announced that it is designing the Grand National Trophy for the 2025 Randox Grand National at Aintree Racecourse. This year’s trophy “captures the essence” of Randox, the Grand National’s sponsor, through its Biochip-inspired design, symbolising innovation, cutting-edge technology. Boodles designers wanted to pay homage to the iconic Aintree…
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13 February
Pippa Small unveils new Chandra collection
British ethical jeweller, and founder of eponymous brand, Pippa Small has announced the launch of her new collection Chandra, inspired by the Hindu moon god. Playing with its classic old cut, Pippa Small created moulds of the hand-cut stones it frequently uses, but have created them in matte silver and…
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12 February
Atelier VM unveils the Virtuosa ring
Atelier VM has announced the launch of its latest creation, the Virtuosa ring, in time for Valentine’s Day. Atelier VM stated that the new ring is inspired by “unique bonds and new unions”. The ring symbolises the union of platinum’s hardness and lustre with the radiant beauty of lab-grown diamonds.…
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12 February
British Academy of Jewellery to host charity fundraiser
The British Academy of Jewellery (BAJ) has organised ‘Jewellery for a Cause’, an exhibition and sale run by BA (Hons) Jewellery Design and Production students, fundraising for different charities. The fundraiser will take place on 13 February at BAJ’s newly acquired Camden campus from 18:00-20:00 GMT. The students will showcase…
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11 February
De Beers lowers production guidance amid challenging trading conditions
De Beers Group has lowered its production guidance for 2025 to 20–23 million carats (previously 30-33 million carats), reflecting the challenging rough diamond trading conditions. Although rough diamond sightholder sales for the quarter improved to 4.6-million carats for $543m (£437.1m) in revenue, compared with the 2.8-million carats sold for $230m…
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11 February
Bradley’s Jewellers celebrates record York Ice Trail competition entries
Bradley’s Jewellers is celebrating the successful running of its competition in conjunction with the York Ice Trail which saw 1,430 entries to win a prize. The prize was a York Daffodil pendant and chain in sterling silver, worth £1,000, frozen in place in an ice sculpture. The business’ life-sized ice…
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