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

Lightbox Delays New Production Plant to 1Q 2021

29 may 2020

expert_29052020_lightbox.png
Image credit: Lightbox

(diamonds.net) - Lightbox, De Beers’s lab-grown diamond jewelry brand, has delayed commissioning its new facility in Portland, Oregon, by a few months due to the COVID-19 pandemic. “The building itself and plant infrastructure [are] already complete, and we are now in a phase of installing and commissioning the deposition equipment,” Lightbox CEO Steve Coe said in an email to Rapaport News. “To ensure a safe working environment, we have had to slow down this commissioning process as we work in accordance with state and local guidelines…and believe these new working practices will delay the full ramp-up of the plant by no more than a few months.”