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
What Next for Lab-Growns?
17 july 2020
(idexonline.com) - We've not heard too much about lab-grown diamonds of late. The industry's news agenda has been dominated by a global pandemic that has turned everyone's world upside down. And few have had the time to look beyond the immediate need to survive. But what are we to make of a low-key announcement that the biggest player in the market is upping the ante? De Beers has revealed as its latest offering as a pair of stud earrings, each with a one-carat solitaire lab-grown diamond for the total price, including setting. of $1,800.
Could Covid-19 Reshape the Memo Market?
16 july 2020
(diamonds.net) - The Covid-19 shutdown and its consequences have caused many diamond wholesalers and jewelry retailers to reevaluate even the most basic business practices. Is there a new normal for memos as well? Memos, both short- and long-term, have been integral to the industry. “Much of the business is based on a consignment program,” says David Rakower, president of New York-based manufacturer Joseph Asher Collection. “In fact, if memos were taken out of the picture, it would drastically change the way we do business.”
Technology vs monopoly. Market review of lab-grown gem quality diamonds. Part 2. Midstream*
15 july 2020
(njt.ru) - Lab-grown diamonds are a high-tech product that quickly captures the jewellery market. The opportunities they provide today are unique. These are diamonds of various hues of yellow, blue, pink, red or a variation of green and brown colours. They provide an opportunity for manufacturers to order sets of stones that are perfectly calibrated in size, shape, colour and optical properties. And, of course, at various the price! The technological advances make luxury stones more affordable. The Ultra C experts unveiled more details about all this and other things in the second part of the Market review of lab-grown gem quality diamonds.
It Might Not Be A Great Idea To Buy Public Joint Stock Company ALROSA (MCX:ALRS) For Its Next Dividend
14 july 2020
(simplywall.st) - Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. ALROSA distributed an unsustainably high 114% of its profit as dividends to shareholders last year. Without more sustainable payment behaviour, the dividend looks precarious. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. ALROSA paid out more free cash flow than it generated – 131%, to be precise – last year, which we think is concerningly high. It’s hard to consistently pay out more cash than you generate without either borrowing or using company cash, so we’d wonder how the company justifies this payout level. As ALROSA’s dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term.
The view from Shanghai: The impact of COVID-19 and the long-term promise of the diamond market in China
13 july 2020
(worlddiamondcouncil.org) - Lin Qiang, President Shanghai Diamond Exchange: The economic crisis that struck in the wake of the COVID-19 pandemic impacted in unprecedented ways on China’s jewelry retail markets and their supply chains. This was self-evident from the data collected at the Shanghai Diamond Exchange (SDE), where we saw polished imports through SDE into China decline by 70 percent during the first four months of 2020. But, with much of the lockdown now lifted, we are seeing businesses springing back. Many have returned to full operation and Chinese consumers are coming back to the shopping malls. We expect to see trade and the market gradually ramp up in the coming months. Already in April we saw a 5.4 percent increase in jewelry market sales when compared with March. Even then, it is likely that the diamond industry will be changed permanently. We will share our thoughts about this in the following paragraphs.
