International News
Must -see collections at JCK Las Vegas 2025
One reason JCK Las Vegas remains such an important hub for the international fine jewelry trade is because the show offers a truly diverse range of products, from loose diamonds and gems to tech equipment and supplies. These collections highlighted below offer a taste of JCK’s variety:Haute Couture Brooch Collection by Smiling Rocks, Smiling Rocks guitar brooch and The Periklista Collection by Kouzoupis.
Haute Couture Floral Guitar brooch in 14k yellow gold with 0.98 ct. t.w. lab-grown diamonds and enamel,; Smiling Rocks. Haute Couture Hummingbird brooch in 14k white gold with 4.6 cts. t.w. multicolored lab-grown diamonds. Kouzoupis, a Turkish exhibitor in the Design Collective, is introducing the Periklista collection, which is named for the ancient Greek enamel technique that lends the pieces both their color and style. In Kouzoupis’ version, the ancient technique is made modern by the addition of bright colors and motifs, such as snakes, that capture the 2025 zeitgeist.
Like the European cloisonne method, the Periklista technique involves creating small partitions made of thin metal wires or strips on a metal surface, usually made of gold, and filling them with enamel, stones, or glass. Pioneered during the Mycenaean period (16th–12th century B.C.), Periklista enamel jewels were found in the royal tombs at Mycenae. Refined in subsequent centuries by Greek goldsmiths, the technique later influenced Roman and Byzantine art.
International News
De Beers Suspends Production At Venetia Mine Amid Global Diamond Market Slowdown
The Decision Comes As The Natural Diamond Industry Continues To Face Significant Headwinds, Including Declining Consumer Demand, Competition From LGDs
Global diamond producer De Beers has announced a temporary two-year suspension of production at its flagship Venetia Mine in South Africa, citing prolonged weakness in global diamond demand and the need to optimize operations.
The Venetia Mine, which contributes more than 40% of South Africa’s diamond production and supports a workforce of over 4,000 employees, will undergo infrastructure upgrades during the suspension period. The company said the pause will enable it to enhance operational efficiency and expand production capacity, positioning the mine for a stronger restart when market conditions improve.
The decision comes as the natural diamond industry continues to face significant headwinds, including declining consumer demand, particularly in China, and intensifying competition from lower-priced lab-grown diamonds. These market dynamics have weighed heavily on diamond prices and profitability across the sector.
De Beers stated that the temporary closure forms part of a broader strategy to reduce costs, streamline operations, and strengthen long-term competitiveness in a challenging business environment.
The announcement also highlights broader concerns for South Africa’s mining industry, a key contributor to the country’s economy and employment. Industry observers note that mining unions have previously expressed concerns over potential job losses as companies adjust to changing market conditions.
Despite the current market challenges, De Beers reaffirmed its long-term commitment to the natural diamond industry, emphasizing that the infrastructure investments at Venetia are intended to ensure the mine is well-positioned to resume production efficiently when global demand recovers.
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International News19 hours agoDe Beers Suspends Production At Venetia Mine Amid Global Diamond Market Slowdown
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