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.
Yesterday
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.
Yesterday
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...
Yesterday
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...
Yesterday
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...
14 october 2026
Global Diamond Producers Unveil Natural Diamond Council
08 june 2020
(wwd.com) - Previously known as the Diamond Producers Association, the NDC is re-branding to a fully consumer-facing identity.
Christie’s to Offer Largest D Color Diamond Ever Auctioned Online
05 june 2020
(jckonline.com) - In a sign of these socially distanced times, Christie’s Jewels announced in mid-May that it will present the highest valued lot ever offered in one of its online sales—and the largest D color diamond ever to be auctioned online—in its upcoming Jewels Online sale. The virtual auction, scheduled for June 16–30, will be led by a diamond ring featuring an emerald-cut 28.86 ct. D color diamond with VVS1 clarity. The diamond belongs to the rare type IIa category, the classification for the most chemically pure diamonds, which comprises less than 2% of all diamonds. The ring is estimated to sell for between $1 million and $2 million.
Revealed: What trends has notonthehighstreet noticed during the pandemic?
04 june 2020
(professionaljeweller.com) - Leading online marketplace, notonthehighstreet, has highlighted trends it has noticed during the pandemic as it calls on the nation to support small businesses. With more than 60% of its sellers already working from home, notonthehighstreet has proven agile in the changing situation brought by the coronavirus, with new products and curated edits being quickly introduced that talk directly to its customers’ new reality. Latest insight from notonthehighstreet has found that the UK may be self-isolating but it is definitely not self-focusing. The small business marketplace has seen a strong trend towards people wanting to show kindness to each other and connect by sending a thoughtful gift that shows how much they know and miss people they might not be able to see in person for some time.
Rough Tendering in the New Normal: First Element Launches Extended E-service
03 june 2020
(thediamondloupe.com) - The COVID-19 pandemic is causing a paradigm shift, not only in how we live our lives, stay in touch with friends and family or do our shopping, but also in the way we do business. In an industry that has long relied on face-to-face interactions, particularly in the rough trading business, the crisis is accelerating business processes at a rapid pace. The Diamond Loupe spoke with Johan Erikson, CEO of First Element, a tender house operating in Antwerp, on how their processes have changed in the past few months to adapt to “the new normal”.
Last Call for Trade Fairs: Adapt or Perish
02 june 2020
(thediamondloupe.com) - Four years ago, I wrote an article on The Diamond Loupe entitled: “Greetings from Underworld – Baselworld 2016 meets (modest) expectations”, a title that left little to the imagination. At that time, like many others, I was frustrated with having to spend astronomical amounts of money on lodgings (for lack of a better word) on a boat, coffees and sandwiches with price tags that would make one think they were made of gold and diamonds, all the while witnessing first-hand how our Antwerp diamond companies, alongside many others, were stuffed in overpriced, ugly booths in a hall that was basically a shabby basement, ill-signaled, across the street from BaselWorld’s grand and dazzling halls. For those who missed it, the future of BaselWorld currently is highly uncertain after a number of the fair’s most prestigious brands announced they would no longer be part of the show. It looks like many smaller brands and exhibitors are following suit, and the 2021 edition has been officially cancelled. Organizer MCH’s unwillingness to refund down payments for the cancelled 2020 show was the proverbial straw that broke the camel’s back, and that sentiment doesn’t just apply for BaselWorld.
