Author: Ruchi Singla

Pandora has confirmed a cyberattack that resulted in customer names and email addresses being accessed via a third-party platform. The Danish jewellery group said the incident has been contained and that no passwords, payment card details or other sensitive information were involved. Details of the Breach In notification emails sent to affected customers, Pandora stated: “We are writing to inform you that Pandora has experienced a cyber security attack, where some customer information was accessed through a third-party platform that we use. We want to reassure you that the attack has been stopped, and as a result we have further…

Claire’s, the US-based jewellery and accessories retailer with around 2,750 stores worldwide, has filed for Chapter 11 bankruptcy protection in the US for the second time in seven years, citing mounting debt, reduced store footfall, changing consumer spending patterns and tariff-related cost increases on imported goods. The filing, made in the US Bankruptcy Court for the District of Delaware on 6 August, comes as Claire’s faces a $496 million loan due in December 2026. The retailer is seeking a buyer and may close around half of its US outlets, with the potential for full store closures if no sale is…

The India–UK Free Trade Agreement (FTA), signed on 24 July 2025, is expected to significantly increase bilateral trade in the gem and jewellery sector by removing import tariffs on nearly all Indian exports to the UK. The agreement, signed at Chequers by UK Prime Minister Sir Keir Starmer and Indian Prime Minister Shri Narendra Modi, grants zero-duty access to 99% of Indian exports. Jewellery products expected to benefit include plain gold and gemstone-studded items. Tariff Removal and Trade Projections In 2024, gem and jewellery trade between the two countries totalled $3.6 billion—comprising $941 million in exports from India to the…

A US fusion energy startup has published early-stage research outlining a method for producing gold as a by-product of fusion power generation. While the process is not yet proven or commercially viable, the proposal suggests that gold could one day be manufactured inside fusion reactors using mercury. Marathon Fusion, based in San Francisco, says the process could improve the economics of fusion energy by generating gold alongside electricity. The company’s yet-to-be-peer-reviewed paper estimates that each power plant could theoretically produce several tonnes of gold per year without affecting energy output. How the Gold Is Made The proposed method involves adding…

Gemological Science International (GSI) is marking 20 years since its founding in 2005 by Debbie Azar and Mark Gershburg. Over the past two decades, the organisation has expanded its operations globally, providing gemological services to both manufacturers and retailers across the jewellery supply chain. Since its founding, GSI has focused on supporting manufacturers and retailers through laboratory services grounded in gemological research. While much of the industry has focused primarily on diamond grading, GSI has invested heavily in building robust grading and identification standards for coloured gemstones. Focus on Coloured Gemstones and Lab-Grown Detection “Coloured gemstones are incredibly complex, but…

Harrods is planning to combine its Fine Jewellery and Fine Watches departments into a two-storey retail space, according to a planning application filed with The Royal Borough of Kensington and Chelsea in April. The changes are part of a wider refurbishment of the Knightsbridge store’s luxury offering. Unified Layout for Jewellery and Watches The proposed department will place jewellery and watch boutiques side by side across two floors, connected by curved escalators. Each boutique will span both floors and include a private internal lift to allow brands to separate retail and VIP spaces. “Harrods has long stood as the global…

Clarity & Success has introduced an integration with T H March, enabling retailers using the Evolution EPOS system to offer jewellery insurance at the point of sale. Retailers can now provide March Guard insurance through the till at the time of purchase. Once the customer accepts the insurance, the system connects to T H March, activates the cover and prints a certificate. Insurance Available At Time Of Sale Clarity & Success states that the new function helps customers obtain insurance for items that may not be fully covered under standard household policies. The March Guard cover includes no excess and…

Lab-grown diamond wholesale prices continued to decline in 2025, with significant year-on-year reductions across key size categories. Industry analyst Edahn Golan’s LGD Wholesale Price List, based on Mumbai trading data for IGI-certified stones, recorded a 6.7% decrease in the second quarter, following an 8.9% drop in the first quarter. Ongoing Reductions Across Key Sizes Consecutive quarterly declines have led to substantial annual price reductions. Prices for one- to three-carat round lab-grown diamonds are now 42% lower than in the same quarter of 2024. Three-carat rounds saw the sharpest drop, with wholesale prices halving year on year. The pace of decline…

The International Gemological Institute (IGI) has confirmed it will continue to apply the universally recognised 4Cs grading system – cut, colour, clarity and carat weight – to both natural and lab-grown diamonds. The announcement follows recent decisions by other major gemmological laboratories to modify or withdraw grading standards for synthetic stones. IGI’s Position on Lab-Grown Diamond Grading In a statement released earlier this week, IGI said it would “continue applying the universal 4Cs grading to all diamonds, whether natural or lab-grown,” reinforcing its long-standing policy of using the same evaluative framework regardless of a diamond’s origin. The Institute stated: “Since…

The UK Jewellery, Silverware and Allied Crafts (UKJSAC) Roundtable Group has submitted a detailed sector-wide response to the Government’s Small Business Inquiry, urging policymakers to address systemic issues that continue to impact small and microbusinesses across the jewellery and allied craft industries. The submission, coordinated by UKJSAC, represents a cross-section of businesses including jewellers, silversmiths, watchmakers, repairers, and independent retailers. It sets out the key challenges facing these sectors and proposes targeted reforms aimed at supporting long-term viability and growth. Systemic Challenges for Microbusinesses The response identifies several ongoing barriers that affect the operating environment for small creative businesses: Policy…

A new survey by Spring & Autumn Fair and SaveTheHighStreet.org outlines the current pressures facing independent retailers in the UK. Based on responses from over 250 businesses, more than half reported having considered closing due to worsening trading conditions. The survey identifies reduced consumer footfall and spending (63.4%), increasing competition from online marketplaces (57.4%) and rising wage and employment costs (39%) as the primary concerns. Other challenges include higher rent and property expenses (21.1%), the impact of business rates (14.7%), and limited funding for high street regeneration (22.7%). Most respondents operate small businesses, with 89.4% running a single store and…

The Museum of the Jewellery Quarter in Birmingham will temporarily reopen on Saturday 26 July 2025, coinciding with the annual Jewellery Quarter Festival. Managed by Birmingham Museums Trust, the museum has remained closed since 2020 for essential repairs and maintenance. The one-day reopening will provide public access to the preserved Smith & Pepper jewellery workshop and the Story of the Jewellery Quarter gallery. Preserved Workshop Reflects Traditional Jewellery Manufacturing Visitors will have access to the former Smith & Pepper premises, a family-run jewellery manufacturer that closed in 1981. The workshop has been left largely unchanged, with tools, equipment, and materials…

Kim Kardashian appeared at Balenciaga’s Fall 2025 Haute Couture show in Paris on 10 July wearing a pair of diamond pendant earrings formerly owned by Elizabeth Taylor. The earrings were loaned for the occasion by jeweller Lorraine Schwartz, who has previously worked with both Taylor and Kardashian. The show marked the final presentation by Demna as creative director of Balenciaga. Kardashian’s appearance wearing Taylor’s jewellery added a heritage element to the event, connecting a well-known piece from a private collection with a contemporary fashion context. Provenance and Auction History The diamond pendant earrings were originally a gift from Taylor’s third…

The Gemological Institute of America (GIA) has confirmed that Pritesh Patel will become its next President and Chief Executive Officer, effective 4 August 2025. Patel, currently Chief Operating Officer, will succeed Susan M. Jacques, who will continue as a strategic advisor until her retirement at the end of 2025. The announcement follows a global search process led by the GIA Board of Governors and a dedicated CEO search committee. Candidates from within GIA and across the gem and jewellery industry were considered. Background and Experience Patel joined GIA in 2015 as Chief Information Officer and was appointed Senior Vice President…

David Kellie will step down as Chief Executive Officer of the Natural Diamond Council (NDC) at the end of 2025, following six years in the role. The announcement was made by Kellie via his LinkedIn profile and follows recent developments that secure new funding for the NDC from African producers and other stakeholders through the Luanda Accord. Leadership and Rebrand Kellie was appointed CEO in December 2019, succeeding Jean-Marc Lieberherr at what was then the Diamond Producers Association. Under his leadership, the organisation rebranded to the Natural Diamond Council in mid-2020, as part of a shift to engage younger consumers…

The Goldsmiths’ Centre has announced the return of Shine, its annual showcase for emerging jewellery and silversmithing talent in the UK. Shine 2025 will run from 17 September to 22 December 2025, beginning with a one-night event at the Centre’s exhibition space in Farringdon, London. Exhibitors and Selection Process Eleven early-career designer-makers have been selected through an open call to exhibit and sell their work both in person and online. The 2025 group includes jewellers Heather Blake, Edwin Charmain (Pusaka), Carol Cole (Carol Cole Jewellery), Shirani Fernando (Shirani Jewellery), Misha McLean, Niamh Wright (Nif Jewels), Marina Skia, Junru Erin, Wenyin…

The Jewelers’ Security Alliance (JSA) has issued updated recommendations for jewellery retailers in response to ongoing incidents of smash-and-grab robberies. The non-profit organisation, which has provided crime prevention support to the jewellery industry since 1883, has detailed several measures intended to reduce losses and support safety. Focus on Personal Safety During Incidents The JSA advises against resisting during a smash-and-grab robbery, as offenders may be armed with hammers, knives, or firearms. These incidents tend to occur rapidly, and attempting to intervene may increase the risk of injury. Physical Deterrents and Alarm Systems The JSA recommends installing burglary-resistant, laminated glass in…

The Natural Diamond Council (NDC), in collaboration with Choron Group and the Fancy Color Research Foundation (FCRF), has released a new industry report focused on fancy colour diamonds. The report examines the formation, market dynamics, rarity, and historical significance of these diamonds, providing an informational resource for jewellers, collectors, auction houses, and retailers. Market Context and Report Purpose The release follows a series of notable sales and media coverage involving fancy colour diamonds. In June 2025, the Marie-Thérèse Pink diamond achieved nearly $14 million at Christie’s New York, while a 5.02-carat fancy pink diamond ring at Sotheby’s was estimated between…

Mappin & Webb is marking its 250th anniversary in 2025 through a programme of product launches and collaborations, reflecting its long-standing role in British jewellery, goldsmithing and silversmithing. Established in 1775 by Jonathan Mappin in Sheffield, the brand has operated under the Watches of Switzerland Group since 1998 and continues to hold Royal Warrants. New Collections and Collaborations To commemorate the milestone, Mappin & Webb has introduced collections informed by its archive, including one featuring floral motifs and 25 diamonds in each piece, representing the brand’s 250-year history. A separate collection has been developed in 18ct yellow gold, sourced from…

The Goldsmiths’ Centre has partnered with the Black British Initiative (BBI) to fund ten places for Black jewellers and silversmiths on the MBA30 programme. The initiative aims to support their professional development and business skills. Programme structure and content MBA30 is a four-week executive education course, first launched with SOAS University of London in 2023 and accredited by SOAS in 2024. It is designed to provide underserved Black entrepreneurs with practical tools and knowledge to grow their businesses. Delivered in a hybrid format, the programme includes three in-person days on campus and six half-day online sessions. Topics covered include leadership,…

Pandora has partnered with Amazon to take action against a network involved in the sale of counterfeit jewellery, resulting in a criminal prosecution in China. The collaboration followed a multi-year investigation by Pandora’s Intellectual Property and Brand Protection team, supported by Amazon’s Counterfeit Crimes Unit. Chinese law enforcement, acting on the information gathered, conducted a raid leading to the seizure of counterfeit Pandora items. Investigation and Legal Proceedings The inquiry was launched in 2020 after customs authorities intercepted shipments suspected of containing counterfeit goods. Pandora and Amazon linked the activity to two sellers based in China operating at scale across…

London Trading Standards has received the British Hallmarking Council’s Touchstone Award 2025 in recognition of its enforcement and educational work through Operation Stamping It Out, a programme aimed at improving compliance with the Hallmarking Act 1973. The operation, launched in 2023, is funded by the London Assay Office and delivered by WRi Group. Targeted Enforcement Across London Operation Stamping It Out brings together Trading Standards teams from eight London boroughs and the Royal Borough of Kensington and Chelsea. The initiative combines retailer education, intelligence-led inspections, and enforcement measures to uphold hallmarking requirements. Since its inception, the programme has generated 132…

Russia remained the leading country for rough diamond production by value in 2024, holding its position for a second consecutive year. According to data released by the Kimberley Process, the Russian Federation produced 37.3 million carats of rough diamonds, valued at $3.34 billion, despite continued international sanctions and a subdued global market. Production Trends and Market Conditions Global rough diamond production increased by 6% in volume to 118 million carats. However, the total value declined by 10% year-on-year to $11.48 billion, reflecting weaker consumer demand and lower average prices across key producing countries. Russia’s output matched the previous year’s volume…

Online diamond retailer 77 Diamonds will open a new appointment-only showroom in Paris on 2 July in Place Vendôme, the luxury jewellery hub. Expansion Strategy The Paris showroom forms part of 77 Diamonds’ wider expansion across Europe and the Middle East. The company, which primarily operates online, will use the new space to offer private consultations and in-person services by appointment. Statement from 77 Diamonds Tobias Kormind, Co-founder and Managing Director of 77 Diamonds, commented on the launch: “We are thrilled to be opening our doors in Place Vendôme in Paris, arguably the world’s most famous jewellery address. “Bringing an…

Governments of major diamond-producing countries and industry leaders have signed the Luanda Accord, committing to allocate 1% of annual revenues from rough diamond sales to support the marketing of natural diamonds through the Natural Diamond Council (NDC). Backing for Natural Diamond Promotion The agreement was signed during a Ministerial Round Table in Luanda, Angola, where participating countries and companies expressed a unified approach to enhancing global consumer awareness of natural diamonds. This initiative aims to address a decline in category marketing investment and respond to the impact of synthetic alternatives on consumer perceptions. Angola’s Minister of Mineral Resources, Oil and…

HRD Antwerp, the diamond grading laboratory subsidiary of the Antwerp World Diamond Centre (AWDC), has announced it will cease issuing quality certificates for loose laboratory-grown diamonds from 2026. The decision is part of an effort to reinforce the distinction between natural and synthetic diamonds. Scope of the Change The laboratory will stop grading loose lab-grown diamonds intended for commercial sale, but will continue to certify jewellery that contains synthetic diamonds. HRD will also continue to analyse synthetic diamonds for research and technical purposes, but not for grading or commercial use. Ellen Joncheere, CEO of HRD Antwerp, stated: “As of 2026,…

Rio Tinto has recovered a 0.45-carat purple diamond at its Diavik mine in Canada’s Northwest Territories, marking the first discovery of a purple stone of this size at the site since mining commenced in 2003. Unusual Find at a Predominantly White Diamond Deposit Diavik, Rio Tinto’s last operational diamond mine following the closure of the Argyle mine in Australia, has traditionally yielded primarily white diamonds, with yellow diamonds accounting for less than one per cent of production. The recent recovery of the purple diamond is therefore a significant geological outlier. In a public statement, Rio Tinto said: “We recently had…

Botswana, Angola and Qatar have expressed their intent to join the World Federation of Diamond Bourses (WFDB), as announced during the organisation’s 2025 Presidents’ Meeting held in New York. The high-level gathering, hosted in collaboration with the Diamond Dealers Club of New York, brought together global stakeholders for discussions focused on the future of the natural diamond sector. WFDB Emphasises Unified Global Voice The event commenced with WFDB President Yoram Dvash underscoring the organisation’s mission to secure the future of the natural diamond industry through ethical leadership, transparency, and unity. “We are not just preserving the diamond industry — we…

De Beers Group has appointed Emmanuelle Nodale as brand CEO of De Beers London, effective immediately, as the business enters a phase of strategic change and planned international expansion. Leadership Role Tied to Retail Strategy Nodale will lead the brand as it prepares to open a flagship boutique on Rue de la Paix in Paris later this year. The store will be the first to present De Beers London’s new retail concept, intended to reflect the company’s design direction and its heritage in natural diamonds. Her appointment follows the recent rebrand from De Beers Jewellers to De Beers London. This…

The 36th annual Valuers’ Conference, organised by the Institute of Registered Valuers (IRV) with support from the National Association of Jewellers (NAJ), took place on 7–8 June in Birmingham. The event included presentations and training sessions attended by valuers, students and members of the jewellery trade. Technical presentations and industry insights Saturday’s programme included talks by experts from the UK and overseas, covering current issues in gemmology, auction trends and valuation practice. Kate Flitcroft discussed her experience at Bonhams and how shifts in the auction market affect jewellery valuation. Dr Aaron Palke presented the latest research from the Gemological Institute…