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

In Search of a Plan at the World Diamond Congress

19 october 2020

(diamonds.net) - The Zoom meetings that constituted September’s World Diamond Congress lacked the event’s trademark pizzazz. The biennial conference, which combines the meetings of the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA), usually involves a lot of cumbersome organizational housekeeping. But it also provides an opportunity to network and showcase the industry’s achievements. For the leadership, it’s a chance to outline the challenges facing the trade and — we assume — strategize for the future as well. Covid-19 forced the 2020 congress to take place in a virtual format on September 15 to September 16. It also brought a sense of urgency to the discussions, with heightened expectations that the leadership would emerge with a clear plan to navigate this most difficult of crises. All things considered, the three webinars that were open to the public as part of the congress program were disappointing. They didn’t impart the sense of occasion that others have been able to achieve on Zoom. And the keynote presentations — on the Get Diamonds trading platform, the World Diamond Council’s System of Warranties, and the Natural Diamond Council’s new advertising campaign — were given out of context.