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

The Lab-Grown Diamond Patent Battle Is Heating Up

10 february 2020
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Image credit: The High Court of the Republic of Singapore

(jckonline.com) - To grow diamonds, you need a lot of heat and pressure. And now, we’re seeing that on the legal front as well. On Friday, the High Court of Singapore ruled that diamond grower IIa Technologies had infringed on a patent (SG 872) held by De Beers’ industrial diamond division, Element Six. The patent relates to the production of diamonds using the chemical vapor deposition method. In her 199-page ruling, which followed a trial and four years of litigation, Justice Valerie Thean ordered IIa—whose diamonds are sold by sister company Pure Grown Diamonds—to cease producing any items that infringe on Element Six’s CVD growing patent.