Botswana, De Beers suitor near deal on ownership stakes – report

Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.

Yesterday

Petra Diamonds subsidiary ordered to wind up over unpaid tax

Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.

Yesterday

LVMH’s watches & jewellery division revenue rose 8% in the first nine months of 2026

The Watches & Jewellery division of the French conglomerate LVMH, home to over 75 world-renowned luxury brands, recorded an 8% organic revenue growth during the first nine months of 2026 thanks to strong jewellery demand, despite a challenging economic...

Yesterday

Russian companies to increase investment in PGM exploration by 17% in 2026

In 2026, Russian companies will increase their investment in the exploration of platinum group metals (PGM) by 17%, with the total reaching nearly 2 billion rubles ($23 million), the Russian Ministry of Natural Resources and Environment...

Yesterday

Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices

Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...

14 october 2026

Diamond Wars; And The Winner Is Not Natural!

22 november 2019

(forbes.com) - It’s getting harder by the day to believe that synthetic diamonds are not damaging the market for natural gems despite evidence that the diamond leader, De Beers, might have kicked a very expensive own goal. The latest clue pointing to trouble in the market for natural (or mined) diamonds came recently in a Forbes story which reported a plan to sell laboratory-grown diamonds in Bloomingdale’s and Reeds Jewelers. While there is not much new about synthetic diamonds what is significant about the Bloomingdale’s and Reeds plan is that it is being promoted by De Beers via its lab-grown diamond business Lightbox. Until now Lightbox diamonds, and the man-made material can be called diamonds, have only been available via its website or pop-up promotions.