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
Damage-free highly efficient plasma-assisted polishing of a 20-mm square large mosaic single crystal diamond substrate
02 december 2020
(nature.com) - Plasma-assisted polishing (PAP) as a damage-free and highly efficient polishing technique has been widely applied to difficult-to-machine wide-gap semiconductor materials such as 4H-SiC (0001) and GaN (0001). In this study, a 20-mm square large mosaic single crystal diamond (SCD) substrate synthesized by microwave plasma chemical vapor deposition (CVD) was polished by PAP.
Winners & Losers From The New Asia-Pacific Trade Agreement
01 december 2020
(jingdaily.com) - On Sunday, November 15, 2020 fifteen Asia-Pacific countries signed a historic trade agreement, creating the world’s largest free-trade bloc. According to CNBC, The Regional Comprehensive Economic Partnership (RCEP) “marks the first time that East Asian powers China, Japan, and South Korea are in a single trade agreement.”
The participating economies represent over 2 billion people and have a total GDP of more than $26 trillion, which makes RCEP a strong protagonist in the world’s economy. This ambitious deal strengthens regional integration and cements China’s position as a leader in the Southeast Asia region.
Shopping for a Diamond Is About to Change
30 november 2020
(nytimes.com) - Diamond mines are not forever — not even the world’s most productive. After mining more than 865 million carats of rough diamonds since opening in 1983, the Argyle Mine in the remote East Kimberley region of Western Australia brought the last truck of diamond-bearing ore to the surface on Nov. 3. The owner, the Anglo-Australian mining giant Rio Tinto, had announced in 2018 that, by the end of this year, it would no longer be economical to keep digging. Argyle was famed for supplying 90 percent of the world’s pink diamonds, among the rarest and most valuable gems on earth. But it was also noted, if less celebrated, for its vast reserve of inexpensive brownish diamonds, many of them in colors and qualities once shunned by fine jewelers. The low-end product was embraced by the Indian cutting industry in the late 1990s, when manufacturers based in Gujarat began using the gems to make jewelry that could retail for as little as $199. Now, the mine’s long-anticipated closure is prompting an industrywide conversation about the future of natural, or mined, diamond supplies at both the high and low ends of the market, and how competition from the thriving lab-grown diamond sector will reshape consumer demand in years to come.
How Tiffany and LVMH Kissed and Made Up
27 november 2020
(jckonline.com) - When LVMH first approached Tiffany & Co. about a takeover in 2019, it was with an initial price of $120 a share. That was turned down. Eventually, the two sides arrived at a final price of $135 a price. Or, at least Tiffany believed that was the final price. Soon, the two parties were back at the negotiating table, after LVMH developed—or pretended to develop—a case of cold feet. In the second round of negotiations, LVMH’s initial offer was…$120 a share. These and other details were revealed in the proxy statement Tiffany filed on Monday with the Securities and Exchange Commission, asking shareholders to approve the new takeover deal, which came out to $131.50 a share.
Scientists defy nature to make insta-bling at room temperature
26 november 2020
(rmit.edu.au) - An international team has made diamonds in minutes in a laboratory at room temperature – a process that normally takes billions of years, huge amounts of pressure and super-hot temperatures. The team, led by RMIT University and The Australian National University (ANU), working with the University of Sydney and Oak Ridge National Laboratory in the United States, made two types of diamonds: the kind found on an engagement ring and another type of diamond called Lonsdaleite, which is found in nature at the site of meteorite impacts such as Canyon Diablo in the US.
