What is the Rapaport team reading? Our editors and reporters have picked out content from around the web that’s helped expand their knowledge of the diamond and jewelry industry this week.
How to Lose $100 Million (Leibish)
“In 2021, Cartier CEO Cyrille Vigneron hinted that the brand could have its eye on synthetic diamonds in the future. This caught the industry’s attention (we made a podcast partly about it). A year later, LVMH Luxury Ventures invested in Israeli grower Lusix, which raised nearly $100 million but is now facing financial difficulties. More broadly, the acceptance of lab-grown by major luxury labels has turned out to be limited, as this post on Leibish’s company blog explains. The watch industry didn’t take to synthetics as much as some had expected; Leibish Polnauer, president and founder of the colored-diamond supplier, puts this down to the sharp decline in prices. His post includes an interesting observation about the impact of LVMH’s personnel changes, as well as a noteworthy anecdote about a lab-grown sale at a US retailer.”
“In 2021, Cartier CEO Cyrille Vigneron hinted that the brand could have its eye on synthetic diamonds in the future. This caught the industry’s attention (we made a podcast partly about it). A year later, LVMH Luxury Ventures invested in Israeli grower Lusix, which raised nearly $100 million but is now facing financial difficulties. More broadly, the acceptance of lab-grown by major luxury labels has turned out to be limited, as this post on Leibish’s company blog explains. The watch industry didn’t take to synthetics as much as some had expected; Leibish Polnauer, president and founder of the colored-diamond supplier, puts this down to the sharp decline in prices. His post includes an interesting observation about the impact of LVMH’s personnel changes, as well as a noteworthy anecdote about a lab-grown sale at a US retailer.”
Joshua Freedman
Senior AnalystCartier to Launch the New Tutti Tutti Jewelry Collection September 1 (Forbes)
“For someone exposed to diamonds and jewelry on a regular basis, it can be easy for some collections to get lost in the shuffle. However, one style that has always stood out to me is Cartier’s tutti frutti jewelry. I love the bright colors, the whimsy, the attention to detail, and the fact that these pieces are so unlike anything else. They have become so iconic and synonymous with Cartier that when I heard about its Tutti Tutti line — an updated, modern take using the same technique and bright color combinations — I couldn’t wait to see what the pieces looked like. Once again, I was not disappointed.”
“For someone exposed to diamonds and jewelry on a regular basis, it can be easy for some collections to get lost in the shuffle. However, one style that has always stood out to me is Cartier’s tutti frutti jewelry. I love the bright colors, the whimsy, the attention to detail, and the fact that these pieces are so unlike anything else. They have become so iconic and synonymous with Cartier that when I heard about its Tutti Tutti line — an updated, modern take using the same technique and bright color combinations — I couldn’t wait to see what the pieces looked like. Once again, I was not disappointed.”
Leah Meirovich
Managing EditorWatch: Moment Botswana’s President Feels Weight of Giant Diamond (BBC)
“The world’s second-largest diamond has been on front pages and covers everywhere, and its pictures look impressive. But for me, nothing characterizes the stone better than the video reaction of Botswana President Mokgweetsi Masisi holding it for the first time. It’s well known that diamonds are made by Mother Earth, but it’s also worth highlighting that they come to us through technology and human hands — human work and effort at every mine. The way anyone who gets the chance to hold this diamond interacts with it will tell me more about its value than anything else.”
“The world’s second-largest diamond has been on front pages and covers everywhere, and its pictures look impressive. But for me, nothing characterizes the stone better than the video reaction of Botswana President Mokgweetsi Masisi holding it for the first time. It’s well known that diamonds are made by Mother Earth, but it’s also worth highlighting that they come to us through technology and human hands — human work and effort at every mine. The way anyone who gets the chance to hold this diamond interacts with it will tell me more about its value than anything else.”
Vanina Pikholc
Podcast and Video ProducerKaley Cuoco Has a Three-Stone Engagement Ring with a Twist (National Jeweler)
“This article caught my attention because of the beautiful story behind actress Kaley Cuoco’s three-stone engagement ring. At first glance, it might seem like a simple ring, but it’s so much more. Each stone is meaningful: The three diamonds represent Cuoco, her future husband, and their daughter. I love how it’s not just about the style, but also the significance behind it, which makes the ring even more valuable.”
“This article caught my attention because of the beautiful story behind actress Kaley Cuoco’s three-stone engagement ring. At first glance, it might seem like a simple ring, but it’s so much more. Each stone is meaningful: The three diamonds represent Cuoco, her future husband, and their daughter. I love how it’s not just about the style, but also the significance behind it, which makes the ring even more valuable.”
Nicole Bednarz
Graphic DesignerMain image designed by David Polak.
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