DiamondBuzz
Annie Doresca Named CEO of Diamond Council of America
Veteran Jewelry Executive and DEI Advocate to Succeed Terry Chandler, Will Lead DCA While Continuing Role at Jewelers of America

Annie Doresca, chief financial and operating officer of Jewelers of America (JA), has been appointed CEO of the Diamond Council of America (DCA), effective January 1. She will succeed longtime leader Terry Chandler and will continue in her current role at JA while also serving as executive vice president of the DCA until the transition is complete.
The DCA board selected Doresca for her proven leadership, business expertise, and dedication to advancing the organization’s mission. Her dual role aims to strengthen the collaboration between JA and DCA, which became affiliated organizations in recent years.
Doresca brings extensive experience to the position. Since joining JA in 2008, she has helped steer its financial strategy and operations. She is also the founding president of the Black in Jewelry Coalition (BIJC), a leader in promoting diversity, equity, and inclusion within the jewelry sector.
Beyond her executive roles, Doresca serves on multiple industry boards, including the Jewelers Vigilance Committee (JVC), Jewelers’ Security Alliance (JSA), Jewelers Board of Trade (JBT), and the Women’s Jewelry Association Foundation.

Outgoing CEO Terry Chandler expressed strong support for his successor. “Annie has already made significant contributions to the DCA’s growth,” he said. “Her leadership will undoubtedly elevate the organization and empower countless jewelry professionals through education and opportunity.”
With Doresca at the helm, the DCA is poised to strengthen its role as a vital educational resource in the jewelry industry.

DiamondBuzz
PM Modi arrives in Namibia; India seeks direct access to diamond reserves
Prime Minister Narendra Modi is visiting Namibia as part of his five-country outreach tour. Namibia, rich in minerals such as uranium and diamonds, holds strategic importance for India

Prime Minister Narendra Modi is visiting Namibia as part of his five-country outreach tour. Namibia, rich in minerals such as uranium and diamonds, holds strategic importance for India.
Modi is visiting Namibia at the invitation of President Nandi-Ndaitwah, the Ministry of External Affairs (MEA) said in a press release in New Delhi ahead of Modi’s five-nation tour to Ghana, Trinidad & Tobago, Argentina, Brazil and Namibia.During his visit, the prime minister will hold bilateral talks with President Nandi-Ndaitwah.
Namibia has the world’s richest known marine diamond deposits, estimated at over 80 million carats. Currently, Namibia’s rough diamonds reach India indirectly through hubs like London and Antwerp. During this visit, PM Modi is expected to explore ways to establish more direct diamond trade links between the two countries.
India has invested more than $ 800 million (about ₹ 6,600 crores) in Namibia in many sectors including mining, manufacturing, diamond processing and services.Apart from diamonds, cobalt, lithium and rare earth elements and minerals are found in Namibia, which are important for India to move towards clean energy.
Bilateral trade has shown strong growth. In 2022-23, trade stood at $278 million, with India’s exports at $240 million. From April to November 2023, two-way trade surged by 178%, reaching $654 million. India’s exports totaled $418 million, while imports from Namibia were $235 million.
DiamondBuzz
Fancy Colour Diamond prices soar 205% since 2005 amid growing luxury demand, Says NDC
Prices for fancy colour diamonds have surged by an impressive 205% since 2005, according to a new report by the Natural Diamond Council (NDC), in collaboration with Choron Group and the Fancy Color Research Foundation (FCRF).

These exceptionally rare gems—known for their vivid hues of pink, blue, yellow, green, and red—now rank among the most sought-after and resilient assets in the natural diamond market.
Representing just 0.01% of all natural diamonds mined, fancy colour diamonds have captured growing interest from collectors, luxury jewellery houses, and investors. Data from the FCRF shows that pink diamonds have skyrocketed in value by nearly 394% over the past two decades, while blue diamonds have risen by over 240%, and yellow diamonds by almost 50%. Overall, fancy colour diamonds have posted a compound annual growth rate (CAGR) of 5.7%.
Once considered a niche category, these vibrant stones now feature prominently in high-profile auctions and luxury jewellery collections. Recent standout sales include the 10.03-carat Mediterranean Blue diamond, which fetched $21.4 million at Sotheby’s Geneva—more than $2.1 million per carat—and the historic 10.38-carat Marie-Thérèse Pink, sold at Christie’s New York for nearly $14 million.
Auction houses are increasingly showcasing a broader selection of fancy colour diamonds, driven by both aesthetic allure and their perceived long-term investment value, especially in today’s uncertain economic climate.
Supply remains extremely limited, with fancy colour diamonds mined in only a few regions globally—such as Canada, Botswana, South Africa, Sierra Leone, and the now-closed Argyle mine in Australia—adding to their exclusivity.
As luxury consumers place greater emphasis on rarity, provenance, and artistry, fancy colour diamonds are expected to maintain their prominence. With upcoming events like Paris Haute Couture Week, these extraordinary gems are poised to continue leading trends in high jewellery, elite auctions, and alternative investments.
DiamondBuzz
ALROSA’s Severalmaz ramps up output as Karpinsky-2 diamond pipe enters development
Russian diamond giant ALROSA has begun full-scale development of the Karpinsky-2 kimberlite pipe at the M.V. Lomonosov diamond field in the Arkhangelsk region, marking a major step forward for its local subsidiary, Severalmaz. Karpinsky-2 becomes the third active pipe at the site, alongside the existing Arkhangelsk and Karpinsky-1 operations.

Karpinsky-2 holds more than 40 million tonnes of diamond-bearing ore and was first evaluated in 2018 through pilot mining operations, which confirmed its commercial viability. Preparatory work for full development began earlier this year, and the project officially moved into the design phase during a recent visit by ALROSA CEO Pavel Marinychev.
Marinychev, who personally launched the design stage, also assessed Severalmaz’s performance for 2025 during his visit. In the first five months of the year, the company surpassed its ore extraction targets and improved operational efficiency, resulting in a 9.4% increase in ore processing. These gains translated into the production of more than 1.2 million carats of rough diamonds.
The CEO also reviewed progress on a new water recycling system at the Lomonosov processing plant and emphasized the importance of completing a gym facility for workers at the shift village by year-end, highlighting the company’s focus on both sustainability and employee well-being.
“I am sure that the work of the Severalmaz team will drive the enterprise’s continued growth. We remain committed to providing safe working conditions and contributing to the development of the Arkhangelsk region,” Marinychev stated.
ALROSA, which produces about 30% of the world’s diamonds and 90% of Russia’s output, reported production of 33 million carats in 2024. The company’s proven reserves exceed 1 billion carats, solidifying its position as the global leader in diamond mining.
-
National News5 days ago
Malabar Gold & Diamonds Inaugurates Landmark Integrated Manufacturing Site in Hyderabad, Cementing Its Position as a Global Manufacturing Leader
-
National News2 months ago
Emmadi Silver Jewellery Launches First Karnataka Store with Grand Opening in Bengaluru’s Malleshwaram
-
BrandBuzz3 months ago
Mia by Tanishq Unveils ‘Fiora’ Collection This Akshaya Tritiya: A Celebration of Nature’s Blossoms and New Beginnings
-
GlamBuzz2 months ago
Gokulam Signature Jewels Debuts in Hyderabad with Glamorous Launch at KPHB