News
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
Concerned about gem authenticity? You can now trace your jewels back to the mine
29 december 2020
(cnaluxury.channelnewsasia.com) - People have probably never been more conscious about the source of their diamonds than the year Blood Diamond hit theatres in 2006. And while this increased awareness has since made ethics a consideration for many when buying a jewel, we still have a long way to go before every gemstone that ends up under a spotlight and in a glass case is guaranteed to be conflict-free. The good news is that we’re speeding down the right track. American jeweller Tiffany & Co announced last year that it would become the first global player to be fully transparent about the journey of its individually registered diamonds by 2020, and the brand really went and did it.
Why Branded Jewelry Could Be the Next Decade’s Fastest Growing Luxury Subsegment
28 december 2020
A combination of “womenomics” and societal change will bring about a new wave of spending from female consumers in the luxury sector. While women already influence the vast majority of household purchasing decisions and as such will move the needle for all consumer sub-sectors, the natural beneficiaries will be those that are already female-driven such as cosmetics, handbags, and jewelry. Unlike the first two, the latter is still a broadly unbranded space with very few credible global players. However, this is about to change with a decade-long growth journey. In China, local jewelry retailers such as Chow Tai Fook, Luk Fook or Lao Fen Xiang dominate the landscape but imported brands in luxury are poised to outperform.
A New Transparency Law Could Change the Jewelry Business
25 december 2020
(jckonline.com) - De Grisogono’s bankruptcy earlier this year demonstrated that jewelers need to have a better sense of who the companies are that they’re dealing with. Under new legislation, they may no longer have a choice. The National Defense Authorization Act (NDAA)—which seems certain to pass despite President Trump’s veto threat—includes a provision that hasn’t gotten a lot of attention, but could affect how many jewelers conduct their business.
Children head to diamond mines in pandemic-hit Central African Republic
24 december 2020
(in.reuters.com) - Since the coronavirus forced his school to close in March, Papin has been working six days a week at a diamond mine in the Central African Republic (CAR) - hauling sacks of mud and rubble under a hot sun. He is among a dozen children working at the open-pit mine near the southern town of Ngoto, where about 100 miners use shovels and sieves to scour the red earth for diamonds. It is back-breaking work and Papin longs to return to the classroom. “I came here to help my big brother,” Papin, who said he was 16 but appeared younger, told the Thomson Reuters Foundation as the site supervisor looked on, the few remaining trees offering little respite from the glare. “I prefer school. I prefer to think, here the work is too hard,” said Papin, whose name has been changed to protect his identity.
FUSIONNOW 3: Industrial Norilsk
23 december 2020
Exactly one year has passed since a group of foreigners visited Norilsk as part of the unique FusioNNow cultural project, the main goal of which is to acquaint the international participants with the Russian North. The travel bloggers, famous photographers, writers, artists and designers from Portugal, Saudi Arabia, Egypt, Oman, Mexico, Great Britain, Kyrgyzstan, as well as Russia came to Taimyr and shared their stories with their subscribers about travelling across the Arctic and meeting the local people as well as their experiences and knowledge about the local way of life. The Project programme included a tour of Norilsk and the Copper Factory of the Polar Division of Norilsk Nickel Mining and Metallurgical Company. The Copper Factory plays an important role in the life of Norilsk and its people. The guests visiting the Russian North were able to see the operation in the workshop and the work of its employees with their own eyes. Through the camera lens of João Bernardino, an industrial photographer from Portugal, we can immerse ourselves in the indescribable atmosphere of the industrial workshop.
