International News
JCK jewellery trend forecast: Spring Highlights by Randi Molofsky
Randi Molofsky, JCK’s jewelry director and founder of For Future Reference, outlines five emerging jewelry trends shaping the industry in 2024:
- Gold Alternatives & Modularity
Soaring gold prices are prompting designers to explore two-tone metals and non-gold materials like beads, leather, and cords. There’s a shift toward modular jewelry—especially pendants sold separately—allowing consumers to mix and match with their preferred chains. - The Rise of Red
Red gemstones, including rubies, carnelian, and malaya garnet, are gaining popularity—both in contemporary and vintage jewelry. Inspired in part by interior design’s “pop of red” trend, these vibrant stones are making bold statements in designer pieces. - Symbolism & Texture
Cosmic motifs, especially zodiac-themed designs, are everywhere. Additionally, rope and woven textures are trending, with pieces that mimic handwoven or textile-inspired aesthetics—adding artisanal appeal. - Gem-Focused Cocktail Rings
Oversized rings featuring standout gemstones are in vogue, with minimal emphasis on the setting. Pastel shades, bicolor tourmalines, and lighter-hued stones are favored for both their beauty and cost-effectiveness. - Brooches Make a Comeback
Once red carpet staples, brooches are finding new life in daily wear. Stylists and consumers alike are embracing brooches worn creatively—on hair, belts, or accessories—making them versatile statement pieces.
International News
Consortium Led By Former De Beers CEO Gareth Penny Selected As The Preferred Bidder To Acquire De Beers
Botswana is expected to play a pivotal role in the transaction. The country, together with Namibia, Angola and other shareholders, already owns a 15% stake in De Beers
A consortium headed by former De Beers CEO Gareth Penny has been selected as the preferred bidder to acquire De Beers, according to Botswana’s Minister for State President, Defence and Security, Moeti Mohwasa.
Speaking on the development, Mohwasa said Anglo American conducted a competitive sale process involving three shortlisted bidders before identifying the Global Diamond Consortium as its preferred choice.
Anglo American announced plans to divest De Beers in May 2024 as part of a broader restructuring strategy, driven by prolonged weakness in the diamond market and other business priorities.
The sale process has attracted significant interest from industry leaders and investors. Among those previously linked to the bidding were former De Beers CEO Bruce Cleaver, Australian mining executive Michael O’Keeffe, Indian billionaire Anil Agarwal, and Indian diamond companies KGK Group and Kapu Gems.
Botswana is expected to play a pivotal role in the transaction. The country, together with Namibia, Angola and other shareholders, already owns a 15% stake in De Beers and retains important rights under the shareholder agreement. Mohwasa emphasized that Botswana has the flexibility to either join the preferred bidder as a strategic partner or exercise its pre-emptive rights independently or with another investor.
Industry observers believe the eventual owner will seek to preserve De Beers’ vertically integrated business model, spanning diamond mining, trading and global natural diamond marketing, while positioning the company to benefit from a potential recovery in natural diamond demand and prices.
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