Diamond Barons on Private Jets, and This Week’s Other News

What is the Rapaport team reading? The editors and reporters sat down to pick the content from around the web that’s helped expand their knowledge of the diamond and jewelry industry this week.

The Colors, Styles, and Issues That Will Rule 2024 (JCK)

Selected by: Vanina Pikholc, podcast and video producer

Vanina’s view: “JCK asked 14 creatives about jewelry and watch trends. An interesting insight: Some of them suggested neutral and earth tones (which are still very popular) might be a natural response to the world’s tensions.”  

Restrictions on Import of Russian Diamonds to G7, EU Countries Take Effect on January 1 (Tass)

Selected by: Joshua Freedman, news editor

Joshua’s view: “Russia has been rather cut off from the diamond industry since the Ukraine war began, so it was good to see how Moscow’s local experts see the current situation. The Russian news agency’s story presents three analysts’ expectations on whether Group of Seven (G7) sanctions will reduce trade in Russian diamonds. The consensus: Probably not.”

Men Wearing Women’s Jewelry? (South China Morning Post)

Selected by: Taly Cohn, social media manager

Taly’s view: “Celebrities are trendsetters, and our male favorites are making an intriguing statement by wearing women’s jewelry.”

Surat Diamond Barons to Purchase Private Aircrafts Amid Mumbai Connectivity Woes (The Blunt Times)

Selected by: Leah Meirovich, senior news reporter

Leah’s view: “Indian diamond dealers are reportedly buying private jets to transport buyers from Mumbai to Surat — an innovative solution for accessing what’s currently a relatively unconnected but important manufacturing hub.”

Ecomine on Track to Become World’s First CO₂-Neutral Sapphire Mine (Forbes)

Selected by: Gidon Ben Zvi, digital content manager

Gidon’s view: “The jewelry industry isn’t only talking sustainability. It’s taking concrete steps to make environmentally friendly practices a reality. With sustainability rapidly becoming a consumer demand, this Sri Lankan sapphire mine is a glimpse into the future.”

Main image designed by David Polak.