Robert Bouquet

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Ancient shipwreck treasure ends 500-year mystery

1 week ago | jewellermagazine.com | Samuel Ord |Robert Bouquet

Miners working for the De Beers Group discovered a collection of copper ingots and the remnants of elephant ivory while excavating in Namibia in early 2008. Further investigation revealed that the remains of the Bom Jesus had been found scattered in three locations along the coast. The Bom Jesus set sail from Lisbon (Portugal) in March 1533, intending to reach the Indies. After a storm struck the ship, it disappeared without a trace, and its fate was the subject of speculation for nearly 500 years.
US reportedly softening on enforcing Russian sanctions

4 weeks ago | jewellermagazine.com | Samuel Ord |Robert Bouquet

As reported by Bloomberg, European officials report that the US has reduced its engagement with sanction enforcement against Russia as President Donald Trump campaigns for an end to the conflict in Ukraine. “It’s not clear to them whether the US has taken an active decision to scale back its involvement or it simply lacks key personnel, the officials said. Some meetings have been attended by more junior officials with little decision-making power, they added,” the report explained.
Crook swallows diamond jewellery during botched theft

1 month ago | jewellermagazine.com | Samuel Ord |Garry L. Holloway |Robert Bouquet |Arabella Roden

A 32-year-old man from Texas is accused of two felonies after allegedly stealing diamond earrings from a jewellery in an Orlando shopping centre. According to various media reports, the man allegedly told Tiffany & Co. sales staff that he was interested in purchasing diamond jewellery on behalf of an NBA player from the Orlando Magic.
Russian diamond sales collapse amid sanctions, weak demand

1 month ago | jewellermagazine.com | Samuel Ord |Robert Bouquet

Alrosa reported profit of RUB19.25 billion ($AUD340 million) for the year, a decline of more than 70 per cent on a year-on-year comparison. Revenue decreased by 26 per cent, reaching RUB239.07 billion ($AUD4.26 billion). “Alrosa and its diamonds have been subject to sanctions by the US and other Western countries since Russia’s war in Ukraine began in February 2022,” writes Leah Meirovich for Rapaport News. “Major markets, including India and Dubai, still permit imports of Russian diamonds.
Canadian Diamonds: Michael Hill releases new fine jewellery range

1 month ago | jewellermagazine.com | Samuel Ord |Garry L. Holloway |Robert Bouquet

Michael Hill International has released a new range of fine jewellery known as Canadian Diamonds. | Source: Michael Hill AustraliaMichael Hill International has released a new range of fine jewellery known as Canadian Diamonds. | Source: Michael Hill AustraliaMichael Hill International has released a new range of fine jewellery known as Canadian Diamonds. The new collection, which ranges from $4,299 to $27,999, was made available in stores and online on 27 February.
Welcome news for diamond industry as De Beers and Botswana reach agreement

1 month ago | jewellermagazine.com | Samuel Ord |Robert Bouquet |Arabella Roden

De Beers and Botswana have also formalised a 25-year extension of the mining licenses for Debswana, a 50/50 joint venture that operates the Jwaneng and Orapa mines. Under the new deal, the share of the government-owned Okavango Diamond Company in the production of Debswana will climb to 40 per cent, revised from a provisional 50 per cent. Duncan Wanblad, chief executive of Anglo American, said the agreement should offer reassurance to the entire diamond industry.
New scholarship program connects pink diamonds and ballet

1 month ago | jewellermagazine.com | Samuel Ord |Garry L. Holloway |Robert Bouquet |Arabella Roden

Rio Tinto will launch the Rare Gem collaboration with the Australian Ballet Company to support students in its Young Artists program. A 12-month scholarship will afford students stage experience and mentorship, preparing them for a professional career. Rio Tinto’s chief executive of minerals, Sinead Kaufman, said the company was proud to support emerging performers. “Beauty and perfection drive both our Argyle Pink Diamonds business and West Australian Ballet,” Kaufman said.
What is the world’s largest diamond company worth?

2 months ago | jewellermagazine.com | Samuel Ord |Robert Bouquet

The company now values the world’s largest diamond producer at $USD4.1 billion ($AUD6.43 billion). This move was foreshadowed during Ango American’s production report earlier this month. A statement from De Beers projected market conditions to remain challenging across the coming year. “Consumer demand for diamond jewellery globally in 2024 is estimated to have contracted 3-4 per cent year-on-year,” the statement reads.
De Beers confirms jewellery rebrand, CEO resignation

2 months ago | jewellermagazine.com | Samuel Ord |Robert Bouquet

The world’s largest mining company oversees De Beers Jewellers, which has been rebranded as De Beers London. The brand was established in 2001 as a joint venture with Louis Vuitton Moët Hennessy (LVMH). In a statement, the company said the rebrand was an homage to the history of the company.
Tensions mounting for De Beers as industry navigates downturn

2 months ago | jewellermagazine.com | Samuel Ord |Arabella Roden |Robert Bouquet

Citing conversations with dozens of industry insiders, the Bloomberg report details tension between the world’s largest diamond producer and buyers frustrated by rising prices and inflexibility. Battling the impact of an increasing supply of lab-created diamonds and declining demand in China, analysts suggest the market needs restructuring.