News
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
New Book Reports Favorable Forecast for Luxury
18 january 2021
(diamonds.net) - What’s in store for the luxury sector over the next decade? Industry analyst, marketer and author Erwan Rambourg offers his predictions.
Convenient death of inconvenient environmentalist
15 january 2021
On January 11, as a result of a tragic accident Kurt Willy Oddekalv, the world renowned ecologist and activist, died. He was the founder and head of the Norwegian Environmental Protection Organisation (Norges Miljøvern Forbund) and the environmental organization Green Warriors of Norway. On Monday evening, Kurt Oddekalv died while walking through ice on Lake Bahusvatnet near Bergen, Norway, local police said dryly in a press release.
Anglo’s Cutifani says De Beers will treat fragile diamond recovery in 2021 with kid gloves
14 january 2021
(miningmx.com) - Anglo American CEO, Mark Cutifani, is anticipating markedly better trading conditions in the diamond market from 2021 which could last for up to three years, but he stressed De Beers had no intention of pushing excess sales of rough diamonds into the market. Speaking on an investor update conference call for the second half of the group’s financial year to end-December, Cutifani commented: “We are being prudent in our forecasts and we are certainly not going to be a contributor to overstocking in the industry”.
Technology vs monopoly. Market overview of lab-grown gem-quality diamonds. Part 3. Downstream*
13 january 2021
(njt.ru) - In the previous articles published on May 11 and July 15, 2020 in the Expert Reports Column, the methods of growing laboratory diamonds were discussed as well as the production companies (upstream), their moving through a diamond pipeline, cutting&polishing and diamond manufacturing (midstream). Today, the most anticipated and most interesting topic in the entire cycle of the publications, perhaps, is the market, product promotion to the end consumer (downstream). The focus is on the changing consumer preferences, product positioning, pricing, marketing and advertising. The experts from the Ultra C company tell what global changes are taking place in the most conservative and traditional diamond market under the influence of the disruptive technology.
AGD DIAMONDS is an organization of high social efficiency
12 january 2021
AGD DIAMONDS was recognized as the winner of the regional stage of the all-Russian competition titled "Russian organization of high social efficiency" in the nominations "For the formation of a healthy lifestyle in the organizations of the production sector" and "For the reduction of occupational injuries and occupational diseases in the organizations of the production sector."
