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

Three Keys to a Thriving Jewelry Industry

23 september 2020

By Scott Murphy, President and CEO of Jewelers Mutual Group

(idexonline.com) - I wish we had a crystal ball to tell us exactly how the jewelry industry will bounce back from the hand we all have been dealt. Unfortunately, we do not - but even if we did, it would not change the undying focus we have at Jewelers Mutual Group, which is to do whatever we can to help raise the tide of the jewelry industry. These are not just words but are the lens through which we challenge ourselves to see through, think though, and focus our resources through. Regardless of what "shape" the recovery takes, it is important to be realistic and embrace the uncertainty as opportunity. It is an opportunity to connect with customers in ways we have not done before. It is an opportunity to provide enhanced products and services to your customers. It is an opportunity to partner with others with like mindsets in order to pool resources and solutions together to make it easier for customers to realize the synergistic benefits that can be brought to them with new technologies . . . and when we accept that we are often stronger together as an industry than we are going it alone. This current uncertainty can be embraced and I hope makes us all willing to try new things and work with others in ways we have not done before. I also hope it will encourage all of us to embrace much needed digital technology in how we interact with each other and our customers.