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.
Indian Jewelry’s Moment to Shine: Modern Designers Anaita Shroff Adajania and Hanut Singh Wow Stars from Nicole Kidman And Madonna, to Kareena Kapoor, Alia Bhatt and Isha Ambani (South China Morning Post)
“The Indian jewelry market, which previously focused on its Indian clientele locally and abroad, is redefining its designs to become more accessible for a global audience. Both established and up-and-coming jewelers are adding a modern twist to traditional craftmanship, attracting big stars like Nicole Kidman and Madonna.” by wearing these items.”
“The Indian jewelry market, which previously focused on its Indian clientele locally and abroad, is redefining its designs to become more accessible for a global audience. Both established and up-and-coming jewelers are adding a modern twist to traditional craftmanship, attracting big stars like Nicole Kidman and Madonna.” by wearing these items.”
Suzanne Watkin
News ReporterRock Solid: The Most Magnificent Celebrity Diamond Engagement Rings of All Time (Vogue Australia)
“Though slightly overwhelmed by this mega-list of celebrity engagement rings, I managed to pick my favorite by far: Mary-Kate Olsen’s vintage Cartier engagement ring, which her former husband Olivier Sarkozy bought at a Sotheby’s auction for over $80,000. Since they are divorced, I hope she puts it up for auction again!”
“Though slightly overwhelmed by this mega-list of celebrity engagement rings, I managed to pick my favorite by far: Mary-Kate Olsen’s vintage Cartier engagement ring, which her former husband Olivier Sarkozy bought at a Sotheby’s auction for over $80,000. Since they are divorced, I hope she puts it up for auction again!”
Vanina Pikholc
Podcast and Video Producer Diamonds Could Begin to See Inventory Rebalancing in H2 2024 (Solitaire)
“Diamond analyst Paul Zimnisky presents reasons to be cautiously optimistic about demand in the second half of 2024. In particular, he writes, ‘commercial jewelry chains in the US’ (referring presumably to the larger, mid-market retailers) will buy more ‘aggressively’ than independents. Plus: China may be stabilizing.”
“Diamond analyst Paul Zimnisky presents reasons to be cautiously optimistic about demand in the second half of 2024. In particular, he writes, ‘commercial jewelry chains in the US’ (referring presumably to the larger, mid-market retailers) will buy more ‘aggressively’ than independents. Plus: China may be stabilizing.”
Joshua Freedman
Senior AnalystSignet Is No Longer Using the Term ‘Recycled Gold’ (JCK)
“The use of specific terminology in the industry has been long debated. What to call synthetic diamonds was so hotly contested it has spurred several lawsuits. The discussion over previously used metals is no different. There are many in the trade who use the word ‘recycled’ as a way to draw in customers and appeal to their desire to support sustainable brands. However, others argue that recycled should not refer to gold from old jewelry that has been melted down and reused, but rather to products diverted from waste, such as electronics and dental fillings, which was its original intention. This article shares why Signet, one of the largest jewelry companies, has chosen to rename its products made with previously used gold as ‘repurposed,’ and emphasizes the need for industry-wide terminology that will create more understanding and transparency with customers.”
“The use of specific terminology in the industry has been long debated. What to call synthetic diamonds was so hotly contested it has spurred several lawsuits. The discussion over previously used metals is no different. There are many in the trade who use the word ‘recycled’ as a way to draw in customers and appeal to their desire to support sustainable brands. However, others argue that recycled should not refer to gold from old jewelry that has been melted down and reused, but rather to products diverted from waste, such as electronics and dental fillings, which was its original intention. This article shares why Signet, one of the largest jewelry companies, has chosen to rename its products made with previously used gold as ‘repurposed,’ and emphasizes the need for industry-wide terminology that will create more understanding and transparency with customers.”
Leah Meirovich
News EditorBetween Harry Kane, Kylian Mbappé, and Ronaldo, Who’s Wearing the Best Watch at Euro 2024? (GQ)
“Who wore the best watch at Euro 2024? Beyond the thrilling matches, football fans also enjoyed glimpses of the players’ personal styles. This article highlights some of the tournament’s standout wristwear: Kylian Mbappé sported a dazzling diamond-studded Hublot Big Bang, Harry Kane showed off the understated elegance of a Patek Philippe Aquanaut, and Cristiano Ronaldo flaunted his opulent taste with a rare, gem-encrusted Rolex. These watches not only keep time but also reflect the players’ flair off the field.”
“Who wore the best watch at Euro 2024? Beyond the thrilling matches, football fans also enjoyed glimpses of the players’ personal styles. This article highlights some of the tournament’s standout wristwear: Kylian Mbappé sported a dazzling diamond-studded Hublot Big Bang, Harry Kane showed off the understated elegance of a Patek Philippe Aquanaut, and Cristiano Ronaldo flaunted his opulent taste with a rare, gem-encrusted Rolex. These watches not only keep time but also reflect the players’ flair off the field.”
Anna Simakova
Project ManagerMain image designed by David Polak.
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