The trade is facing its #MeToo moment after stories of degrading behavior emerge. In her blog and trade journal Barbara Palumbo, who has spent 30 years in the jewelry and watch industry, wrote about the prevalence of sexual harassment in the industry — “Women deal with this literally every single day in our industry”.
The London Diamond Bourse (LDB) has announced the appointment of Katherine Chappell as its Special Advisor for Ethical Issues to its Council of Management. Chappell has more than twenty years experience in the gemstone industry, is a longstanding member of London Diamond Bourse, a specialist in fair trade principles and a proponent of ethical sourcing and distribution. She is also a member of Women in Mining.
The London Diamond Bourse (LDB) has announced that it is now a member of the Responsible Jewellery Council (RJC). This makes LDB the first diamond bourse in the world to join the standards and certification organization. The LDB said its council of management unanimously voted to apply to join the RJC and will now undertake an independent audit to achieve full RJC certification, LDB said in a statement.
London's Hatton Garden jewelers are planning a potential move away from the famous quarter to establish a new centre in suburban London, writes the Evening Standard. "Industry leaders are discussing the creation of a 'new Hatton Garden' as jewelers face being forced out of their historic Farringdon home by rising rents." ES's Tom Powell says that Victoria McKay, COO of the London Diamond Bourse, told ES the district’s businesses agreed they must begin looking at potential new homes in cheaper locations. Ms.
The London Diamond Bourse (LDB) will hold an extraordinary general meeting (EGM) to discuss the issue of leases in the historic Hatton Garden diamond area that are set to skyrocket. Leases will rise due to the opening soon of a station in nearby Farringdon of the Crossrail system which will vastly improve access and train times to the area.
The London Diamond Bourse (LDB) has launched a new membership category to enables workshop owners to maintain premises in the city’s famous diamond district since rocketing rents are forcing them out. The LDB is offering mounters, setters and polishers space in the bourse to meet customers and let them use the exchange’s postal address. Rents in London’s Hatton Garden have reportedly doubled to $93 (GBP 70) per square foot in the last three years, according to a Reuters report cited by Rapaport.
The London Diamond Bourse (LDB) has announced that former president Harry Levy has been appointed at the chairman of the organisation, while former vice president Menachem Prager has succeeded him as president, reports Professional Jeweller. Having been president since 2011, Harry Levy did not stand for election this year. Prager has been a member of the London Diamond Bourse for 36 years, and has served on the World Federation of Diamond Bourse’s International arbitration panel. He has also been an LDB council member for dozens of years, and was formally vice-president.
A court in London has handed down sentences to the remaining men involved in the approximate $20 million Hatton Garden burglary carried out last April. Three men had previously been convicted of involvement in the heist, while four more pleaded guilty last September to conspiracy to commit burglary. Three of them were sentenced to seven years in jail, while the fourth will be sentenced later as he was unwell and unable to attend court.
Professional Jeweller reports that the London Diamond Bourse (LDB) has launched its first online diamond stock platform, created to enhance membership benefits and improve the searchability of diamond dealers’ stock. The online platform, run from the LDB’s website, allows members to quickly and easily search for stones from fellow members.
Professional Jeweller reports that the London Diamond Bourse (LDB) has partnered with De Beers' International Institute of Diamond Grading & Research (IIDGR) to launch a diamond grading and melee screening lab service in the UK. The agreement between LDB and IIDGR commences a new service that will enable members to submit to the IIDGR lab melee for full testing as well as diamonds over .14ct for grading. Victoria McKay, chief operating officer of LDB explains: “Guidance will be recommended to all LDB members to test melee using the mathematically based De Beers, ‘Best Practice