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

WDC to champion the need for positive change at Plenary Meeting in New Delhi, which will be a watershed moment in the Kimberley Process

11 november 2019
(worlddiamondcouncil.org) - These are whirlwind days for those involved in the buildup to the Kimberley Process (KP) Plenary Meeting in New Delhi, India, which will open on November 18 and conclude November 22. With a range of critical issues as yet unsettled, participants are sharing and promoting last-minute positions, during bilateral meetings in different parts of the world and at a number of strategically scheduled conferences, attended by many of the key players. The final minutes are on the clock for the KP’s three-year review and reform cycle, which began in 2016 and will end at the Plenary Meeting under the chairmanship of India. Some tough discussions will still be had, as difficult decisions need to be made – none more so than whether the scope of the Kimberley Process Certification Scheme will be strengthened. At the heart of the debate is the definition of what constitutes a “conflict diamond.”