Image credit: Tú Anh (Pixabay)
(edahngolan.com) - Since we are living in such extraordinary times, I’ll start this report with an unusual opening – the conclusion. Within a period of about a month, humanity reached an unusual and ironic decision. For the first time, nearly everyone in the world has decided to stay at home, quarantined. This is ironic because we decided to isolate ourselves from each other because we are a community, out of care for each other. We are currently alone because we are social creatures. Quite incredible. If the Chinese timeline is a reasonable model, it will be a couple of months until the next new normal is created. There is no doubt at all that business must resume, or there will be no economy. Despite this grim description, diamond and jewelry sales are expected to rebound once the crisis is over. History has proven this time and again, as outlined here. Why will these sales rebound? Because of love. Because love is a human need. Scroll to the end of the report for the mushy outlook.
News
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
