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.

Today

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.

Today

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...

Today

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...

Today

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...

Yesterday

JCK Virtual 2020: De Beers Probes the Mood of the COVID-19 Consumer

26 august 2020

(jckonline.com) - Consumers are looking for messages that provide “security” and “positivity” during these troubling times, De Beers chief executive officer Bruce Cleaver said in Monday’s opening keynote for the JCK Virtual 2020 Luxury show, “Time to Connect: Evolving Consumer Perceptions and the Unique Role of Diamonds in the New Normal.” He based his observation on “robust” consumer research, conducted by his company, which surveyed 2,800 U.S. men and women aged 20 to 65, with household incomes of at least $75,000, as well as a similar number in China and India. “COVID-19 has fundamentally changed our relationship with the notion of normality,” he said, noting that formerly routine things such as buying a carton of milk are now considered a health risk. “Things are difficult for people right now. They see themselves as being in a moment of change and unpredictability, and this has impacted consumer confidence.” However, he noted that people are adjusting to their new routine.