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
An Opportunity to Strengthen Connections
21 april 2020
(diamonds.net) - A rough diamond changes hands at least five times before it reaches the cutting wheel, an industry veteran explained to my amazement when I first started writing about the market. A polished stone is traded even more often before being set into a piece of jewelry, he continued. The journey a diamond undergoes from mine to finger is truly a global one. It can be unearthed in Lesotho, sold at a tender in Johannesburg, traded in Antwerp, and perhaps laser-cut in Israel before being polished in Surat and graded in Carlsbad, California. Once polished, it is likely to be sorted in Mumbai, subsequently sent to a Hong Kong show for display, and sold to a jewelry wholesaler who sets it in an engagement ring at a factory in China. The ring is exported to a dealer on New York’s 47th Street, where it might shift from office to office before finding a buyer — say, a jeweler in Bloomington, Indiana, who sells it to a couple planning to settle in Toronto, Canada, after their wedding.
The Golan Diamond Market Report – Q1 2020
20 april 2020
(edahngolan.com) - Since we are living in such extraordinary times, I’ll start this report with an unusual opening – the conclusion. Within a period of about a month, humanity reached an unusual and ironic decision. For the first time, nearly everyone in the world has decided to stay at home, quarantined. This is ironic because we decided to isolate ourselves from each other because we are a community, out of care for each other. We are currently alone because we are social creatures. Quite incredible. If the Chinese timeline is a reasonable model, it will be a couple of months until the next new normal is created. There is no doubt at all that business must resume, or there will be no economy. Despite this grim description, diamond and jewelry sales are expected to rebound once the crisis is over. History has proven this time and again, as outlined here. Why will these sales rebound? Because of love. Because love is a human need. Scroll to the end of the report for the mushy outlook.
Could Post-COVID-19 National Pride Push US Brands Out?
17 april 2020
(jingdaily.com) - China might be a “nation shaped in consumerism,” but that doesn’t necessarily mean Western-style consumerism. In fact, the country’s cultural and social changes have led to a new context where global brands are negligible, and domestic players are threatening their supremacy. But make no mistake about it: The rise of local brands is not a phenomenon that happened overnight.
New Website Rates Corporations’ Ethics During Coronavirus Pandemic
16 april 2020
(jckonline.com) - Corporate ethics, accountability, and sustainability have become increasingly important to consumers over the past decade. In the internet age, shoppers are in the driver’s seat—they have a plethora of choices regarding what they buy, where they shop, and when they shop. And as information on retailers has become easier to find, more and more consumers are shopping with brands and retailers who take care of their employees and have a positive impact on their local communities and the world.
The Next Wave of Luxury E-Commerce
15 april 2020
(businessoffashion.com) - Before the crisis turned the world upside down, luxury goods purveyors, including French conglomerates LVMH and Kering, as well as Swiss group Richemont, had won over a generation of consumers obsessed with newness, exclusivity and glamour. Success came from high-touch retail experiences and endless streams of novel products that ranged in price from prohibitively expensive for most to downright affordable for many. But that love affair has also been kindled by the digital age, which has allowed shoppers to engage with their favourite brands whenever and wherever they want.
