The International Colored Gemstone Association (ICA) has named Brandee Dallow as its new Chief Executive Officer, with her appointment set to take effect on July 6, 2026. As the global body representing nearly 700 members across 47 countries, the ICA enters a new leadership phase at a time when the coloured gemstone industry is navigating complex issues surrounding ethical sourcing, sustainability, and market stability.
Dallow assumes the role amid growing industry discussions over responsible supply chains and the continued trade in gemstones originating from regions affected by international sanctions. One issue attracting particular attention is the ongoing demand for untreated Burmese rubies, which remain highly sought after despite geopolitical restrictions.
Veteran gemstone trader Erez Bezalel, owner of Antwerp-based Euro Precious Stones BV and a professional with more than four decades of experience spanning mining, manufacturing, and global trading, believes the industry’s ethical challenges will be among the key issues facing the new CEO.
According to Bezalel, untreated rubies from Myanmar continue to command strong demand in international markets, raising questions about how the association may balance commercial realities with its commitment to responsible sourcing and sustainability initiatives.
The discussion also extends to whether the coloured gemstone sector could adopt a certification framework similar to the Kimberley Process used in the diamond industry. Bezalel, however, considers such an approach impractical, pointing out that coloured gemstones encompass more than a hundred different gem varieties, each with distinct supply chains, mining practices, and trading structures. Implementing a universal certification system, he argues, would be significantly more complex and expensive than the framework developed specifically for diamonds.
Beyond ethical sourcing, market dynamics have also emerged as a concern. Reflecting on recent international trade exhibitions in Hong Kong and Bangkok, Bezalel observed an increase in aggressively priced Sri Lankan gemstones being offered by Chinese traders and jewellery businesses. He noted that some material was available at discounts reaching as much as 40%, creating substantial pricing disparities within the marketplace.
While acknowledging that competitive pricing is a natural feature of a free-market economy, Bezalel suggested that the ICA could play a more active advisory role in helping members manage surplus inventories. He believes coordinated guidance on inventory liquidation could reduce excessive price pressure and contribute to healthier market conditions without interfering with open competition.
As Brandee Dallow prepares to lead the ICA, the association faces an increasingly diverse agenda that extends beyond industry promotion. From strengthening ethical trade practices and sustainability standards to addressing pricing pressures and supply chain complexities, the new leadership will play an important role in shaping the future direction of the global coloured gemstone sector.
Disclaimer: This information has been collected through secondary research and TJM Media Pvt Ltd. is not responsible for any errors in the same.
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