“It’s been a bit of a muddle”

IDEX’s Editor, Joh Jeffay, this past Friday began his weekly Memo with a question: “Baffled by the G7 sanctions on Russian diamonds?” he asked. “You’re not alone. Frankly, it’s been a bit of a muddle, and you’d be forgiven for losing track. The simple version is that the G7 nations – US, UK, Canada, Japan, […]

The G7 Sanctions and the Impending Storm

Reflecting on the ongoing G7 sanctions on Russian diamonds and its expected impact on an already shaky diamond and jewellery market, I am reminded of an old episode of the podcast ‘Cautionary Tales’ by Tim Harford. The episode dealt with the story of the Torrey Canyon disaster. For those of you too young to know […]

Back from Las Vegas

I have just returned from the Vegas shows. I loved seeing, meeting, and greeting customers, colleagues, and friends, networking and socializing (during the many dinners and events), and most importantly for all of us there, doing business. I can guess our readers’ first questions: “How did diamonds do?” and “What did people talk about?” Of […]

Shooting for the moon

January 12, 2023 – The preliminary results of the 2022 holiday jewelry sales season indicate that it was a ‘mixed bag’ but that, in general, most retail jewelers were pleased with and mostly relieved about their year-end performances. The next obvious question is: what will 2023 bring? It naturally will all hinge on how well […]

Diamonds in The Age of the Consumer

September 11, 2022 – Not all is well in our industry, as the diamond mining sector faces multiple challenges. In South Africa, disaster struck at the Jagersfontein diamond mine when a dam broke, flooding a nearby neighborhood and killing several people. Illegal mining is just one of the many problems the diamond and precious metal […]

How do you cope with the changes in the diamond supply chain?

September 7, 2022 – In early September 2022, Industry analyst Edahn Golan issued a mini survey via his Twitter account, asking” “What do you think are the most pressing issues in the diamond industry?” He listed Edahn’s questions can be condensed into a single question: How do you cope with the changes occurring throughout the […]

We’re in this all together

March 2, 2022 – Since coming back to my office after a week in the United Arab Emirates to attend the Dubai Diamond Conference (DDC), the Jewellery, Gem and Technology (JGT) show, and the 2022 Presidents’ Meeting (PM), our world was turned upside down. After Vladimir Putin’s invasion of Russia’s sovereign neighbor Ukraine, the DDC’s […]

Revenge spending

June 11, 2021 – Summer is upon us, and the countdown to the holiday sales season has begun. In earlier, ‘normal’ times, the above sentence would have been greeted with a shrug and the remark, “So what else is new?” Not anymore. Now, this plain sentence, “Summer is upon us, and with that, the countdown […]

Be glocal!

January 31, 2021 – A few days ago, I sat down to write out a check. But I had to throw it out and write a new one, as I had inadvertently written: “January xx, 2020.”  Thank heavens, 2020 is gone – and for good.  We are now going forward and already a full month […]

Semper Paratus

January 21, 2021 – Earlier this month, I gave an interview to the Madrid-based, Spanish-language gem and jewelry trade publication Gold&Time. This news source serves Spain and the Mid- and South-American gem and jewelry markets. Asked what lessons we had learned in the past year. Here are some excerpts for my reply: “In our industry […]