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

South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore

South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.

Yesterday

Forever and For Good: How diamond mines impact local communities

27 january 2021

(thenewsminute.com) - Natural diamonds have become more than just precious heirlooms - they’re symbols of a deep and abiding positive relationship between diamond mines and their local communities. What is a diamond worth? The answer, when you ask somebody who owns a natural diamond, will usually be emotional rather than monetary. Natural diamonds carry a feeling of resilience and authenticity. They’re cherished heirlooms, passed down from beloved ancestors. They’re preferred for their immense worth and emotional value. And beyond the glamour and luxury lies the positive impact diamond mines have on communities around them. For example, the members of the Natural Diamond Council (NDC), an alliance of natural diamond companies, took the pledge to align with the UN’s sustainable development goals - which aim to improve health and education, preserve the environment, and tackle climate change. And that’s only the start.