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
Diamond market now recovering from Covid-19, experts say
22 december 2020
(cabinradio.ca) - The world’s natural diamond market all but shut down at the start of the Covid-19 pandemic. More than eight months later, experts say the market is beginning to recover. In March, the world’s supply chain for natural diamonds came to a screeching halt. The manufacturing hub in India – where almost all of the world’s natural diamonds are cut and polished – closed, along with international diamond showings and many jewellery stores. “The whole diamond pipeline, as it’s called, was just plugged,” said Tom Hoefer, executive director of the NWT and Nunavut Chamber of Mines. “There was certainly a multi-month period where business was essentially halted,” added Paul Zimnisky, a global diamond industry analyst based in New York. That business started to resume in August, Zimnisky said, and has since accelerated. Manufacturing capacity in India is now at around 90 percent of its prior level.
FUSIONNOW 2: How the industry contributes the regional development
21 december 2020
A year ago, the participants of the 2nd round of the unique international creative competition FusioNNow launched by Norilsk Nickel company spent three busy days on the Kola Peninsula.
FUSIONNOW 1: Russian industry from the eyes of foreign travellers
18 december 2020
A year ago, Norilsk Nickel launched a unique cultural project FusioNNow, the main goal of which is to give the international participants a chance to see and experience the Russian North. Travel bloggers, famous photographers, writers, artists and designers from Portugal, Saudi Arabia, Egypt, Oman, Mexico, Great Britain, Kyrgyzstan, as well as Russia exchanged experiences, enjoyed joint cultural and social events in Taimyr and the Murmansk region and destroyed the stereotypes about the cold and inhospitable Russian North. The highlight of the trip to Taimyr was their participation in the ‘Big Argish’ ethnic festival in Norilsk and Dudinka, personal interaction with the people from the Northern indigenous communities, the excursion to the storerooms of the unique museums with ancient relics, and acquaintance with the key projects and venues.
HISTORY CORNER: Diamonds: The world’s greatest gem stone
17 december 2020
(cdapress.com) - Marilyn Monroe sang her song in the movie “Gentlemen Prefer Blondes,” with the performance ranked the 12th best film song of the century by the American Film Institute — but diamonds are ranked No. 1 among the world’s favorite gem stones, followed by rubies, sapphires and emeralds. Idaho — the “Gem State” — has diamonds, as well and lots of other valuable gemstones, with the rare Idaho Star Garnet as the state’s official gemstone. But the world’s most popular gemstone is the diamond. In the first century A.D., Pliny the Roman naturalist said, “The Diamond is the most valuable, not only of precious stones, but of all things in this world.”
What China’s Tightening Grip on Livestreaming Could Mean for Luxury
16 december 2020
(jingdaily.com) - China is cracking down on livestreaming in an effort to ramp up Internet censorship and rein in tech giants. The announcement on November 23 comes after a surge of spending on platforms run by Alibaba and Kuaishou, sparked by the COVID-19 pandemic. Under the new regulations, hosts and gift givers will be required to register their real names and social credit codes. Platforms must submit regular reports to local authorities, noting when celebrities and foreigners livestream and giving a two-week notice before any big, livestreamed e-commerce events. Most drastically, the rules also limit the total spending by any single user and bans teenagers from gifting altogether, curbing a major revenue source for the industry.
