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VD Global forays into sports memorabilia with AthleteGEM

VD Global will provide diamonds to AthleteGEM in a new joint venture that aims to “reignite” the industry using investment-driven sports memorabilia. AthleteGEM is the brainchild of VD’s CEO of luxury, Bhavya Vaghasia, and Danny White, the CEO of White Rocks, which helps private jewelry clients negotiate their purchases.

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The company will create memorabilia containing a polished diamond laser inscribed with an athlete’s signature, personal message and an exclusive edition number, formed into a wearable collectible. AthleteGEM™ collaborates with, Athletes, NIL Collectives, and Universities to craft natural diamond collectibles, empowering student-athletes to monetize their Name, Image, and Likeness (NIL).

The purchaser will also receive a story card detailing the athlete’s journey and the significance of the diamond, as well as a digital time capsule featuring a personal message from the chosen athlete. In the first cohort, the venture has signed 100 athletes across diverse sports, including its most well-known of the set, Hugues Fabrice Zango from Burkina Faso, who holds the world indoor record in the triple jump. AthleteGEM will issue 21 diamond collectibles for each athlete. Within that group, diamonds will be available in various carat sizes to fit different budgets, White explained. 

Next month, AthleteGEM intends to release a second round of diamond mementos, featuring a new set of athletes. In phase two of the project, each purchaser will receive both a rough, uncut diamond, which symbolizes the athlete’s raw journey, as well as a polished diamond, representing refined brilliance and success, White noted. Buyers will be able to work together with their chosen athlete and designers to customize their diamonds into bespoke pendants, rings or bracelets.

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DiamondBuzz

US diamond demand is steady especially large diamonds 2 cts and higher

The diamond market is seeing mixed activity across the globe, driven by holiday shopping in the US and traditional shutdowns in India.

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Key Market Activity

  • United States (US): Demand is steady as the holiday season approaches. Shoppers are especially keen on large diamonds (2 carats and up), with long, slim fancy shapes being the most popular.
  • International Trading: Global trading centers are quiet due to recent Jewish holidays.
  • India: The market is slow due to two main reasons:
    • New US taxes (tariffs) are slowing down exports.
    • Factories are ramping up production before the major Diwali holiday break.
  • Trade Numbers (September): India’s raw diamond imports went up by 19% (to $\$924$ million), and its finished diamond exports rose by 6% (to $\$1.4$ billion).
  • Luxury Sales: LVMH, a major luxury group, saw its stock rise after reporting that watch and jewelry sales were up 2% in the third quarter.

Diamond Shape Trends (Fancies)

Long, non-round diamond shapes—known as “fancies”—are selling better than traditional round diamonds in 2-carat and larger sizes.

  • Most Popular Shapes: Oval, Marquise, and Emerald cuts are in high demand.
  • High Premiums for Long Shapes: Long Cushions are easy to sell and cost 20% to 25% more than square Cushion cuts.
  • Shape Value: Marquise cuts are the most expensive of the fancy shapes. In the US, Ovals cost 5% to 10% more than Pear shapes.
  • Quality is Key: Diamonds that are cut very well are hard to find and sell for higher prices (premiums). Shapes with poor proportions are difficult to sell.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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