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China
De Beers leads charm offensive in China

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“How luxury navigates the war in Ukraine”

France

How luxury navigates the war in Ukraine

Since Russia invaded Ukraine in February 2022, economic sanctions have been mounting up against the Kremlin. While the luxury sector was one of the first to be affected, with brands forced to shutter their shops in Russia in the weeks following the outbreak of war, some companies are seeking ways around the sanctions. And the diamonds and other gemstones used in luxury jewellery are, at least for the time being, exempt. [...]

With the price of natural diamonds in free fall since the summer and luxury consumption sluggish in Europe and the United States, market leader De Beers is focusing on China to mitigate losses. [...]

Published on 23/11/2023 at 06:00 GMT Reading time 2 minutes

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Read this article in our running story

“How luxury navigates the war in Ukraine”

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How luxury navigates the war in Ukraine

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United Kingdom
Banks already at work on De Beers sale

Several banks have already begun to work on the transaction, which promises to be one of the largest and most complex of the year for the luxury sector.

Subscribers only Houses 20.06.2024

France, United Kingdom
De Beers goes head-to-head with Cartier in Paris

Before spinning off its De Beers subsidiary, Anglo American is trying to increase the diamond producer's value by developing its jewellery branch's network. The group has signed a costly lease for a shop on the Rue de la Paix, just opposite a Cartier outlet.

Free access Houses 13.06.2024

Spotlight | Africa, Europe
Luxury sector frets over De Beers sale

Caught off-guard by Anglo American's announcement that it is considering selling De Beers, the luxury giants that are the diamond producer's top customers are closely monitoring the transaction.

Subscribers only Houses 23.05.2024

Mining giant Anglo American announced on 14 May that it was putting diamond producer De Beers up for sale.

France, Switzerland
The diamond-trading Benmussa clan's record French tax adjustment

The highest court in France has made final a tax adjustment of over €30m that the Benmussas, a family of stone and gem merchants, had been trying to shake for more than a decade.

Subscribers only Families 14.12.2023

United States
Questions mount over synthetic diamond certifications

The ratings that certification bodies ascribe to diamonds to determine their quality, and thus inform their value, are under fire. Critics say certain defects in synthetic diamonds, such as premature ageing, are not sufficiently taken into account, nor is the stones' environmental impact.

Subscribers only Entourage 30.11.2023

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China
De Beers leads charm offensive in China

How luxury navigates the war in Ukraine

This article may be accessed by subscribers

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How luxury navigates the war in Ukraine

Set up email notifications for these topics

United Kingdom
Banks already at work on De Beers sale

France, United Kingdom
De Beers goes head-to-head with Cartier in Paris

Spotlight | Africa, Europe
Luxury sector frets over De Beers sale

France, Switzerland
The diamond-trading Benmussa clan's record French tax adjustment

United States
Questions mount over synthetic diamond certifications

United States
De Beers continues crusade against synthetic diamonds in NYC

Russia
Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

Document | Russia, United States
De Beers and Russian diamonds: Following up on our revelations

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

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About Glitz.paris

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About Glitz.paris

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Indigo Publications' websites

The geopolitics of fake goods

Jewellery sector's quest for clarity

The battle of the Bulgari heiresses

China De Beers leads charm offensive in China

How luxury navigates the war in Ukraine

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

How luxury navigates the war in Ukraine

Set up email notifications for these topics

United Kingdom Banks already at work on De Beers sale

France, United Kingdom De Beers goes head-to-head with Cartier in Paris

Spotlight | Africa, Europe Luxury sector frets over De Beers sale

France, Switzerland The diamond-trading Benmussa clan's record French tax adjustment

United States Questions mount over synthetic diamond certifications

United States De Beers continues crusade against synthetic diamonds in NYC

Russia Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

Document | Russia, United States De Beers and Russian diamonds: Following up on our revelations

Russia, United States De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

China
De Beers leads charm offensive in China

United Kingdom
Banks already at work on De Beers sale

France, United Kingdom
De Beers goes head-to-head with Cartier in Paris

Spotlight | Africa, Europe
Luxury sector frets over De Beers sale

France, Switzerland
The diamond-trading Benmussa clan's record French tax adjustment

United States
Questions mount over synthetic diamond certifications

United States
De Beers continues crusade against synthetic diamonds in NYC

Russia
Luxury jewellers seek alternative solutions now that Russian diamonds are off limits

Document | Russia, United States
De Beers and Russian diamonds: Following up on our revelations

Russia, United States
De Beers sold Russian diamonds in US despite sanctions after Ukraine invasion