DiamondBuzz
WDC President urges KP to ‘cross the line’ on modernized definition of conflict diamonds
Feriel Zerouki, President of the World Diamond Council (WDC), opened the 2025 Kimberley Process (KP) Plenary with a decisive call for participants to support a modernized definition of “conflict diamonds,” marking a pivotal moment for the international certification scheme.
Zerouki highlighted three years of hard work, drafting and negotiation led by the WDC and honoured the leadership of African Diamond Producers Association (ADPA) and Civil Society Coalition. “It is clear that Africa wants progress,” she said.
The 2025 Kimberley Process Plenary is being held in Dubai, United Arab Emirates, from 17 to 22 November, hosted under the chairmanship of the United Arab Emirates, which holds the KP Chair for the 2025 cycle.
The Plenary brings together representatives from 86 participating governments, the World Diamond Council, the Civil Society Coalition, the African Diamond Producers Association, and a wide range of observer organizations and technical experts.
Over the course of the week, delegates will review the work of KP working groups, negotiate the proposed expansion of the conflict-diamond definition, and address governance, monitoring and compliance issues that shape the integrity of the global rough-diamond trade.
The WDC President, whose term will end in May 2026, stressed that the expanded definition would extend protection to 1.5 million artisanal diamond miners and allow KP intervention where communities are vulnerable.
DiamondBuzz
Sotheby’s Withdraws Rare 10-Carat Pink Diamond from Geneva High Jewelry Auction
The $20 million ‘Glowing Rose’ was expected to lead the sale but was removed after discussions with the consignor.
Sotheby’s has withdrawn a rare 10.08-carat fancy-vivid-pink diamond from its High Jewelry auction in Geneva, where it was estimated to fetch around $20 million. The Glowing Rose—a cushion brilliant-cut pink diamond set in a ring—was slated to be the star lot of the November 12 sale but never reached the auction block. The company did not disclose the reason for the withdrawal.
“The Glowing Rose is an absolutely beautiful pink diamond… however, following discussions with the consignor, the lot was withdrawn prior to the sale,” a Sotheby’s spokesperson told. The stone is notable as only the third cushion-cut vivid-pink diamond to appear at auction in the past decade and was showcased in Singapore and Taipei last month in a presentation mount by British jeweler Boodles.
Despite the withdrawal, the High Jewelry sale achieved CHF 29.8 million ($37 million), led by a 4.50-carat fancy-vivid-blue, internally flawless diamond that sold for CHF 4.8 million ($6 million). The event ran parallel to Sotheby’s Royal & Noble Jewels auction in Geneva.
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