Latest news with #JCK
Business Wire
2 days ago
- Business
- Business Wire
Rapaport Press Release: Trade Cautiously Optimistic for JCK
LAS VEGAS--(BUSINESS WIRE)--The diamond market continued to operate under uncertainty in May. The postponement of higher tariffs, and the accompanying dialogue between the US and India, brought some relief to a market that no longer anticipates a 26% duty on polished. A US federal court ruled on May 28 that President Donald Trump lacked authority to impose tariffs unilaterally. The levies remain in place while the administration appeals. Dealers that raised prices in early April adjusted them downward. US consumer demand remained steady — a bright spot for the industry as it heads into the JCK Las Vegas show. The RapNet Diamond Index (RAPI™) for 1-carat stones — reflecting round, D to H, IF to VS2 diamonds — was flat during May. The index for 0.30- and 3-carat goods rose 0.4% and 0.6% respectively; the 0.50-carat RAPI fell 0.7%. Prices of round, 0.50- to 0.70-carat, SI diamonds softened, partly because of the tariff policy readjustment and the desire to complete sales before the July summer vacation. In late March and early April, the trade exported unusually large quantities of goods to the US to avoid tariffs. This created supply-demand imbalances, including a surplus of less-desirable goods. Sought-after diamonds remained scarce and costly to import because of the 10% duty. Preparations for JCK are at their peak. Dealers expect a reasonable show, with fewer international participants due to the tariffs. The industry is waiting to see how Trump's policy affects demand. The GemGenève show — which ended May 11 — was good, though not excellent, with strong demand for diamonds over 5 carats. It was a positive indicator for high-end items. A report claimed De Beers had sold cut-price rough to certain clients through special deals, creating waves in the industry. De Beers also announced the closure of its Lightbox synthetic-diamond venture. The GIA is updating its synthetic-diamond reports, using broader grading terminology that excludes color and clarity.
Forbes
2 days ago
- Business
- Forbes
JCK And Luxury 2025 Will Sparkle In Las Vegas With New Jewelry Designs
The largest and most influential jewelry trade show in North America, JCK and its adjacent show, ... More Luxury, take place in the Venetian Expo in Las Vegas. As Paris Fashion Week is to the fashion business, so are JCK and Luxury to the gem and jewelry trades. JCK and its adjacent, high-end elite counterpart, Luxury, are presented by RX Global in Las Vegas at the Venetian Expo from June 4 to June 9 this year. JCK, the larger of the two shows, is a global gathering of gem, jewelry, luxury and fashion tribes and this year has as its theme, 'Decades.' While JCK is celebrating superb jewelry and fashion styles from various eras, experiential activations and lounges present visitors with educational and enjoyable opportunities to appreciate high points of jewelry and fashion history. This writer caught up with Sarin Bachmann, Senior Vice President of RX's jewelry portfolio including JCK, Luxury and JIS events, JCK Online and JCK Magazine a few days before the show to discuss the show's continuing relevance and new elements of this year's event. As Bachmann explained, 'For over three decades, JCK has been the event where the world's retailers, designers, brands, manufacturers, wholesalers, consultants and members of the media have been discovering new jewelry materials, concepts and trends months before they reach the marketplace.' Likewise, JCK and Luxury have long been power spots for sourcing myriad gem and jewelry-related products plus networking opportunities that unite attendees from over 100 countries. In addition, professionally programmed JCK Talks and panel discussions led by experts in their respective fields present late-breaking business news that attendees can use to stay ahead of the curve. Sarin Bachmann is Senior Vice President of RX's jewelry portfolio including JCK, Luxury and JIS ... More events, JCK Online and JCK Magazine. As Bachmann observed, 'Luxury, which welcomes the industry's highest-end retailers and many elite jewelers, showcases designs from renowned brands and upcoming designers in Design at Luxury." To clarify,' she explained, 'Luxury is our heavily vetted, carefully curated; invitation-only show that unites elite retailers, vendors, brands and designers to do business before the rest of JCK opens. Luxury, the first two days of which are June 4 and 5,' Bachmann continued, 'are by appointment only, and then from June 6 through 9, Luxury is open to all retailers and media.' Rather than growing larger with ever-more brands, Luxury's mission is to continue presenting a discerning selection of high-end jewelers and brands, Bachmann added. Some of this year's new exhibitors include: Hueb, Corielle, Al Zain, WOLF and Shiva Designs. The Luxury realm will offer some enlightening events for attendees, including the Luxury breakfast and keynote address on June 4 from 8:00 a.m. to 9:30 a.m. in the San Polo ballroom on level 3 with Duncan Wardle, Head of Innovation & Creativity at The Walt Disney Company. 'Wardle,' Bachmann promised, 'will share insights from his colorful career about how artistic innovation, emotional expression and technical ingenuity can be harnessed by those in the jewelry business.' As for JCK, Bachmann related, 'We have over 20 neighborhoods featuring jewelry, gemstones, diamonds, products and services with over 1,800 exhibitors,There are designers featured throughout the show floor, with designer-focused jewelry located in the Design Collective including Rising Stars and established designers. Other areas of high interest include the Fashion Bridge and Currents neighborhoods, and of course' she continued, 'our partnership with the Black in Jewelry Coalition (BIJC). This organization brings dynamic rising talents to JCK each year. This year, BIJC is presenting designers Rejected Hearts Club and Chee Lee, which will be located in the Design Collective neighborhood on Level 2. Another member of BIJC, Dorian Webb, will be exhibiting at Luxury in the Design at Luxury area,' she added. The JCK Keynote address will feature Daymond John, the award-winning entrepreneur and star of the television show, Shark Tank, in a presentation titled "Daymond John's 5 Shark Points for Success' which will take place on Saturday, June 7, in the San Polo Ballroom, Level 3 of The Venetian Expo. Sponsored by the De Beers Group, this session will provide attendees with actionable tips and ideas that can be used to build impactful brands and scaling business growth. (Doors open at 7:30 AM, with the session commencing at 8:00 AM.) As per usual, JCK is celebrating established and emerging designers with award programs. There are three in total, and two of them are new this year. For example, as per tradition, the Jewelers Choice Awards Toast on Friday, June 6 from 3-4 PM in JCK's Design Collective Lounge will honor the winners of JCK Magazine's annual awards. These awards highlight the trade's most talented designers and manufacturers, and are voted on by editors and retailers. In the newness department, for the first time, the Jose Hess Design Awards Presentation & Ceremony will celebrate exceptional talent in fine jewelry design in the lounge of the Design Collective on Saturday, June 7 from 3:00 – 5:00 PM. Here, extraordinary pieces will be unveiled that embody the theme of "Radiance". Following the awards ceremony, attendees can raise a glass with award winners and other jewelry genies during a cocktail event. In another first, the global holding company The Kering Group, in collaboration with CIBJO and will be introducing the "Kering Generation Award X Jewelry", reinforcing the Group's commitment to innovation and sustainability. This initiative is the first of its kind and aims to recognize and support emerging talents who excel in sustainable design and jewelry-making. As this effort is focused on fostering a global community committed to shaping a more responsible future for the sector, it's a program that's generating positively charged, life-changing ripple effects. The presentation will take place on Saturday, June 7 at 4:30 PM on the Showcase Stage, Level 2. Speaking of sustainability, this is the first year that JCK is offering a full day of panels on the vitally important topic of sustainability. According to Bachmann, 'Panels will feature various experts and professionals who will share actionable information that may benefit retailers, manufacturers, designers and the consumers who depend on them to make truthful claims regarding their sustainable products and/or practices.' Question and answer sessions following panels will help attendees gain further vital information about sustainability-related topics. While the JCK Talks Sustainability Stage is located on the show floor, level 2,' Bachmann stated, 'All talks will take place on Sunday, June 8 from 10:30 AM PST with the last session concluding at 5:15 pm PST.' Retailers, designers and members of the fashion and jewelry media stand to benefit from attending the first session at 10:30, "The State of Sustainability: Certification, Green Guides & Responsibility,' Bachman suggested. Hosted by attorney Sara Yood, the Jewelers Vigilance Committee's CEO, this session is designed to bring retailers, manufacturers, designers and media up to date by imparting the latest information on which sustainable certification program standards are the most authoritative. Equally important, 'Yood will also be discussing vital facts related to the FTC Green Guides, which detail the U.S. government guidelines for marketers and jewelers making sustainability claims. ' Simply put, this is the session that will define what greenwashing is, how to recognize it, and how to avoid committing greenwashing. For over 25 years, JCK has been committed to fostering growth, knowledge sharing and positive change in the jewelry community. Bachman ventured, 'It is critical to invest in projects that promote consumer demand and consumer confidence, sustainable business practices, inclusivity, and help ensure a brighter future for the industry. We are proud to support this year's recipients of JCK Industry Fund awards as they pave the way for growth and innovation. Over $300,000 has been granted through the JCK Industry Fund in 2025,' she added. Watch this space for more reports on how JCK 2025 makes news with innovations in jewelry, new trends and talents, latest generation technologies and ascendant designers. As well as being the home for secure buying of jewelry and gems, JCK is a kaleidoscopic jewelry news event impacting all major sectors in the jewelry industry. 'At JCK,' Bachman concluded, 'Everybody belongs.'
Associated Press
04-03-2025
- Business
- Associated Press
Diamond Verification Device, DiamondProof, Lands In Retail Stores For The First Time
The device, developed by De Beers Group, rapidly and reliably distinguishes natural diamonds from non-natural diamonds, such as laboratory-grown diamonds and diamond simulants, helping to underpin consumer confidence HONG KONG SAR - Media OutReach Newswire - 4 March 2025 - De Beers Group announced that its innovative retail-facing diamond verification device, DiamondProof, has landed in select retail stores for the first time, giving consumers the ability to witness just how quickly the device can distinguish natural diamonds from non-natural diamonds, such as laboratory-grown diamonds (LGDs) and diamond simulants, providing a tool for retailers to help educate their customers on the differences between natural diamonds and other products. With research showing that almost half of consumers are unaware that LGDs can be readily detected, this easy-to-use device will enable retailers to show their customers just how quickly natural diamonds can be identified. . DiamondProof detects unique characteristics found only in natural diamonds, which formed deep within the Earth billions of years ago. In contrast, LGDs are grown under entirely different conditions in an accelerated process which takes just a few weeks. DiamondProof is able to detect the distinct chemical compositions of natural diamonds, which differ from LGDs, allowing for precise identification of natural diamonds. Early adopters of DiamondProof include some of the largest jewellery retailers in the U.S. The device will also be available in a number of independent retail outlets to ensure this technology reaches consumers in a variety of retail environments. The first DiamondProof prototype instrument was unveiled at the JCK show in Las Vegas in June 2024 and has been developed to rapidly and easily screen both loose diamonds and those set in jewellery. With a zero percent 'false positive rate*,' the device will never mistake a lab-grown diamond as a natural diamond and delivers results within seconds. Sandrine Conseiller, CEO of De Beers Brands, said: 'Natural diamonds and LGDs are two fundamentally different products. Natural diamonds are rare, one-of-a-kind miracles of nature that come to us from the earth through heat, pressure and time. This incredible journey is what makes them the ultimate marker of life's most profound emotional moments. Consumers should be able to have confidence in such a meaningful purchase, and DiamondProof allows retailers to offer them greater peace of mind. We are in a new era of transparency at retail, and customers deserve to know what they are buying.' Sarandos Gouvelis, SVP, Pricing, Product and Technology Development at De Beers Group said: 'By rapidly and reliably identifying whether a diamond is natural, DiamondProof is instrumental in enhancing consumer confidence in natural diamond purchases. Consumers deserve clarity and having DiamondProof available in retail settings helps them make informed decisions, while appreciating the unique value and story behind each natural diamond. With decades of leadership in synthetic detection technology, we are committed to providing the level of transparency that consumers expect.' The first batch of DiamondProof devices has been distributed to retailers in the U.S., with after-sales support and servicing available in country. The devices are available for purchase from now, with production scheduled to ramp up to meet the demand of retailers in other markets into next year. For more information, email [email protected]. Information about De Beers' full suite of diamond verification instruments is available here. *By leveraging technology similar to that used in De Beers' SynthDetect instrument, the vast majority of natural diamonds will pass DiamondProof without requiring referral for further testing, with less than 1% needing additional evaluation. This advanced technology also ensures a 0% false positive rate for natural diamonds, guaranteeing that no synthetic diamonds will be mistakenly identified as #DeBeersGroup #Diamondproof #NaturalDiamonds The issuer is solely responsible for the content of this announcement. About De Beers Group Established in 1888, De Beers Group is the world's leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group's strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneeringsolutionssuch as diamond sourcingandtraceabilityinitiatives BeersGroup also provides leadingservicesandtechnology to the diamond industryin the formof education andlaboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to 'Building Forever, ' a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit
Zawya
04-03-2025
- Business
- Zawya
Diamond Verification Device, DiamondProof, Lands In Retail Stores For The First Time
The device, developed by De Beers Group, rapidly and reliably distinguishes natural diamonds from non-natural diamonds, such as laboratory-grown diamonds and diamond simulants, helping to underpin consumer confidence HONG KONG SAR - Media OutReach Newswire - 4 March 2025 - De Beers Group announced that its innovative retail-facing diamond verification device, DiamondProof, has landed in select retail stores for the first time, giving consumers the ability to witness just how quickly the device can distinguish natural diamonds from non-natural diamonds, such as laboratory-grown diamonds (LGDs) and diamond simulants, providing a tool for retailers to help educate their customers on the differences between natural diamonds and other products. With research showing that almost half of consumers are unaware that LGDs can be readily detected, this easy-to-use device will enable retailers to show their customers just how quickly natural diamonds can be identified. DiamondProof detects unique characteristics found only in natural diamonds, which formed deep within the Earth billions of years ago. In contrast, LGDs are grown under entirely different conditions in an accelerated process which takes just a few weeks. DiamondProof is able to detect the distinct chemical compositions of natural diamonds, which differ from LGDs, allowing for precise identification of natural diamonds. Early adopters of DiamondProof include some of the largest jewellery retailers in the U.S. The device will also be available in a number of independent retail outlets to ensure this technology reaches consumers in a variety of retail environments. The first DiamondProof prototype instrument was unveiled at the JCK show in Las Vegas in June 2024 and has been developed to rapidly and easily screen both loose diamonds and those set in jewellery. With a zero percent 'false positive rate*,' the device will never mistake a lab-grown diamond as a natural diamond and delivers results within seconds. Sandrine Conseiller, CEO of De Beers Brands, said: "Natural diamonds and LGDs are two fundamentally different products. Natural diamonds are rare, one-of-a-kind miracles of nature that come to us from the earth through heat, pressure and time. This incredible journey is what makes them the ultimate marker of life's most profound emotional moments. Consumers should be able to have confidence in such a meaningful purchase, and DiamondProof allows retailers to offer them greater peace of mind. We are in a new era of transparency at retail, and customers deserve to know what they are buying." Sarandos Gouvelis, SVP, Pricing, Product and Technology Development at De Beers Group said: "By rapidly and reliably identifying whether a diamond is natural, DiamondProof is instrumental in enhancing consumer confidence in natural diamond purchases. Consumers deserve clarity and having DiamondProof available in retail settings helps them make informed decisions, while appreciating the unique value and story behind each natural diamond. With decades of leadership in synthetic detection technology, we are committed to providing the level of transparency that consumers expect." The first batch of DiamondProof devices has been distributed to retailers in the U.S., with after-sales support and servicing available in country. The devices are available for purchase from now, with production scheduled to ramp up to meet the demand of retailers in other markets into next year. For more information, email dvisales@ Information about De Beers' full suite of diamond verification instruments is available here. *By leveraging technology similar to that used in De Beers' SynthDetect instrument, the vast majority of natural diamonds will pass DiamondProof without requiring referral for further testing, with less than 1% needing additional evaluation. This advanced technology also ensures a 0% false positive rate for natural diamonds, guaranteeing that no synthetic diamonds will be mistakenly identified as #DeBeersGroup #Diamondproof #NaturalDiamonds The issuer is solely responsible for the content of this announcement. About De Beers Group Established in 1888, De Beers Group is the world's leading diamond company with expertise in the exploration, mining, marketing and retailing of diamonds. Together with its joint venture partners, De Beers Group employs more than 20,000 people across the diamond pipeline and is the world's largest diamond producer by value, with diamond mining operations in Botswana, Canada, Namibia and South Africa. Innovation sits at the heart of De Beers Group's strategy as it develops a portfolio of offers that span the diamond value chain, including its jewellery houses, De Beers Jewellers and Forevermark, and other pioneeringsolutionssuch as diamond sourcingandtraceabilityinitiatives BeersGroup also provides leadingservicesandtechnology to the diamond industryin the formof education andlaboratory services and a wide range of diamond sorting, detection and classification technology services. De Beers Group is committed to 'Building Forever, ' a holistic and integrated approach for creating a better future – where safety, human rights and ethical integrity continue to be paramount; where communities thrive and the environment is protected; and where there are equal opportunities for all. De Beers Group is a member of the Anglo American plc group. For further information, visit Further information on the full range of De Beers' verification instruments is available here - De Beers Group
