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
Growing Inbound Travel In China Concerns Western Luxury Brands
04 november 2020
(jingdaily.com) - The Ministry of Culture and Tourism said China recorded 425 million domestic tourist visits over the first half of its eight-day Golden Week festival. Golden Week is usually a chance for China’s citizens to travel around the world, but this year, Chinese citizens had to settle for staycations and internal destinations.
India Rushes to Meet US Holiday Demand
03 november 2020
(diamonds.net) - Indian diamond manufacturers are planning a curtailed Diwali break as they scramble to fulfill US holiday orders amid a shortage of polished. Factories will shut for five to 12 days instead of the usual two to three weeks, aiming to offset months of inactivity due to Covid-19, manufacturing executives said this week. Demand is growing ahead of the Christmas and Chinese New Year seasons, while workers are keen to limit their vacations after receiving reduced pay during the pandemic.
Luxury Faces a New Normal for Its Supply Chains
02 november 2020
(jingdaily.com) - What Happened: The “world factory” system, where a small number of countries produce all the world’s manufacturing, is under renewed scrutiny. A shift in attitudes brought about by the pandemic has exposed flaws in the model, and the US, in particular, has been pushing hard of late to decouple from Chinese manufacturing. That could splinter mass-production into a double supply chain: one for the China market and one for the rest of the world.
Only four of the eighteen suspects are to stand trial for the diamond heist in Brussels
30 october 2020
Only four of the eighteen suspects initially charged with the much-publicized diamond robbery at the Brussels International Airport will stand trial, the Prosecutor General of the Belgian capital announced.
The Importance of Being Tiffany
29 october 2020
(diamonds.net) - There was a moment during the 2019 Academy Awards ceremony that made the jewelry world stop and gasp. Lady Gaga, who would later that evening collect the coveted Oscar for best original song, stepped onto the red carpet in an Alexander McQueen dress, black leather gloves, and a storied yellow-diamond necklace by Tiffany & Co. The necklace’s 128-carat center stone, which company founder Charles Lewis Tiffany first discovered in South Africa over 140 years ago, hadn’t appeared in public since Audrey Hepburn wore it during the Breakfast at Tiffany’s press tour in 1961. Its sudden appearance at the Oscars, adorning one of music’s most prominent personalities, capped the re-emergence of a brand that had spent the previous two years consciously trying to regain its mojo.
