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 batteries with a life of 28 thousand years
09 october 2020
The news that a young American company, NDB had developed a technology for the production of batteries with a mind-boggling life of 28 thousand years was sensational for the world of startups and technologies of the future. To do this, the researchers used radioactive diamonds recovered from nuclear waste. On the face of it, it is alarming but nevertheless poses no danger.
How a Bond Girl Filmed a Diamond Ad During a Pandemic
08 october 2020
(jckonline.com) - The Natural Diamond Council’s new ad may not seem all that unusual. It features Ana de Armas, this year’s Bond girl (No Time to Die, which will be released in November), frolicking on a Portuguese beach with her mom and man. Yet its tagline—“For moments like no other”—also describes the very strange time during which it was filmed. Everyone on the July shoot was repeatedly tested for COVID-19. Camera operators wore masks, and Portugal was picked for its low viral spread.
You Know About Sierra Leone’s Diamond Diggers, But Do You Know About Its Diamond Divers?
07 october 2020
(jenniferheebner.com) - It was 2007 when Laurent Cartier the student was backpacking through Sierra Leone and heard about the diamond divers of the Sewa River. While not specifically interested in diamonds at that time—he was getting his master’s degree in Geological and Earth Sciences from the University of Basel, Switzerland—his curiosity was piqued. He stayed in touch with new friends who knew of the diamond divers of the Sewa River and in April 2019 returned to the country once ravaged by civil war. By this time, Cartier had earned his doctorate in Philosophy and Geosciences and a Fellowship of Gem-A gemology diploma, as well as firmly establishing himself in the international gemology community as a project manager for the Swiss Gemological Institute, or SSEF. Cartier returned to Sierra Leone with a South African photographer named Justin Badenhorst and a goal: to film these artisanal diamond divers and share their story—a human side to the diamond industry.
Jobs reduction a possibility for De Beers as Anglo firm continues staff discussions
06 october 2020
(miningmx.com) - The onset of the Covid-19 pandemic accelerated De Beers’ plans to transform – a process that was “ongoing”, the group said in late September. “As part of its business transformation process, De Beers is looking at all elements of its cost base, and a reduction in employee numbers is a potential outcome. The review and process of consulting with employees is ongoing, so we will continue to engage with our people before making any external statements,” it said in a statement.
De Beers’ Market Share Falls in 2019, Hides a Surprise
05 october 2020
(edahngolan.com) - After a year of pains, and ahead of one of the most complicated years since World War II, De Beers’ market share sank in 2019. Not only De Beers, but ALROSA, Rio Tinto, and Petra all lost market share.
