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
Can India’s Sharp Rise in LGD Exports Extend into 2020?
16 march 2020
(edahngolan.com) - Proving that the Indian diamond industry’s interest in lab-grown diamonds (LGD) is fully established, India exported $445.3 million worth of these polished stones in 2019, up 71.8% year over year. By volume, gross polished LGD exports leaped 119% to 4.4 million carats. This large jump in exports is impressive, but considering that LGD is slowly becoming an established category, plus the impact of the coronavirus on global trade, can LGD export growth continue at this rate into 2020?
Jewellery exporters contact mines to directly supply rough diamonds to SMEs
13 march 2020
(business-standard.com) - Faced with an irregular supply of quality diamonds, which is hurting domestic sales and exports, diamond processors, under the aegis of the Gems and Jewellery Export Promotion Council (GJEPC), are in talks with leading global miners to accommodate small and medium enterprises (SMEs) into their sightholders’ list to deal with them in small quantities of rough diamonds.
Deep-Sea Mining: Mineral Riches or Poverty Of Extinction
12 march 2020
(industryleadersmagazine.com) - Climate change, environmental impact and dwindling resources on land have forced countries and international regulatory bodies to promote conservative uses of resources and look for sustainable energy solutions. And pushing the boundaries from beyond the earth surface are companies looking for feasible colonization of space and planets, and to the sea bed for minerals and metals.
Synthetic diamonds not so attractive
11 march 2020
(news.thevoicebw.com) - Demand for De Beers’ Lab-Grown Diamonds (LGD) is still relatively low, almost two years after they were introduced into the market. The Group’s Chief Financial Officer – Midstream, Susanne Swaniker-Tettey told the media recently that the demand for synthetics remains low compared to the demand for natural diamonds.
Lack of Confidence Hurts Diamond Prices
10 march 2020
(edahngolan.com) - Wholesale polished diamond prices declined in February as COVID-19 continued to spread around the world, leading to a near halt in demand in China. The decline follows a small resurrection that was fueled by good consumer demand in December. In addition to the virus spreading, the stock markets tanked in the second half of February, adding consumer economic worries to health concerns. Yet, the issues were not limited to external forces. Polished diamond prices were also impacted by the oversupply of rough diamonds in January. The more than $1 billion worth of goods was more than the diamond midstream could digest, fueling concerns among manufacturers.
