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
Diamond Business Loses Luster — WSJ
14 april 2020
(morningstar.com) - The diamond industry faces a reckoning, with mines and processing centers closed due to the coronavirus pandemic and demand threatened by a looming global recession. Market leader De Beers, a unit of Anglo American PLC, has canceled a diamond auction, its third planned for this year, after its second auction ended in early March with sales down 28% from last year's event. Meanwhile, smaller mining companies such as Petra Diamonds Ltd., Dominion Diamond Mines and Mountain Province Diamonds Inc. confront rising risk of financial default after virus concerns led them to close their mines.
Bain & C°: COVID-19 & Luxury - The Bad And the Good News
13 april 2020
(thediamondloupe.com) - In their latest report Bain & C° takes a deeper look into the effects of the COVID-19 pandemic on the luxury segment. The report continues with a number consumer trends that will play a significant role in the future.
No sparkle for diamonds after hopes of 2020 recovery
10 april 2020
(investorschronicle.co.uk) - The diamond industry was optimistic at the start of 2020. After a tough 2019, where diamond prices hit multi-year lows and jewellery demand was lower thanks to the Hong Kong protests and general macroeconomic uncertainty, Anglo American (AAL) subsidiary De Beers had reported a year-on-year increase at its first sale of the year, which they call a sight. Now, mine closures threaten smaller diamond and precious stone miners, while the cut in supply might not be enough to make up for the fall in demand from Covid-19.
Jewelry And Coronavirus: What To Know About Washing And Safety
09 april 2020
(huffpost.com) - Should we be taking off our rings and watches to wash our hands? Will sanitizer hurt jewelry? Can it spread the virus?
Third Strike For Natural Diamonds. Are They Out?
08 april 2020
(forbes.com) - The last thing you’re probably thinking of buying at a time of viral contagion is a diamond, and the last thing the diamond industry needed after two earlier shocks is a buyer’s strike. It’s taking a step too far to say that the diamond industry is on the verge of a crisis, but there’s no doubt that tough times have arrived, and look like getting worse.
