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
This is what it feels like proposing to a man, from the women who've done it
06 march 2020
(glamourmagazine.co.uk) - Ladies, it’s a leap year, the day tradition sets aside for you to propose to your fella. And so I say to you; in the immortal words of Destiny’s Child: “I buy my own diamonds and I buy my own rings.” After all, why are we waiting on the men in our lives to be deciding our marital destiny? More than that... should we really only be ‘allowed’ to do this once every four years? A recent survey, by jeweler Beaverbrooks revealed that 71% of Brits believe the tradition is outdated, and that women should be proposing, well, anytime they goddamn feel like it, while another survey revealed that a whopping 76% of men think more women should propose. In fact, according to Google Trends, ‘men’s engagement rings’ received an average of 14,800 searches per month in 2019. It’s why Beaverbrooks and countless other jewelers like Van Cleef and Arpels, De Beers, Fraser Hart and trusty H.Samuels are now producing ranges of men’s proposal rings. So, how does it actually feel to be the woman popping the question?
Lucara optimistic on direction of diamond market, but waits for further signs of recovery
05 march 2020
(miningmx.com) - Lucara Diamond CEO, Eira Thomas, said she was optimistic on the direction of the diamond market, but stopped short of saying whether improved pricing would make a substantial impact on the firm’s 2020 financial year. “We know the diamond market is going to recover, we just don’t know how quickly,” said Thomas in response to questions following presentation of the firm’s 2019 financial results on February 24. “Last year was a tough year.” Thomas said sales for the firm’s fourth quarter had been “very encouraging” as there were price improvements across all diamond sizes.
2020 a make-or-break year for Botswana – economists
04 march 2020
(southerntimesafrica.com) - Local economists have here started to sound alarm bells that the year 2020 will be a make or break year for Botswana’s economy. According to economists based at a local think tank, Econsult, there is a widespread feeling that the country’s economy ended the year on something of an anti-climactic note, after a long period of excitement leading up to the national elections in October.
De Beers CEO Bruce Cleaver Talks Sales, Sights, and Patent Suits
03 march 2020
(jckonline.com) - De Beers chief executive officer Bruce Cleaver (pictured) talked with JCK Thursday, following the release of his company’s preliminary financial results for 2019. The results were, to no one’s surprise, not very good, with total revenue falling 24% and rough diamond sales falling 26%. But Cleaver feels the market has begun to turn the corner, and here he discusses his sense of the industry, possible changes in the sightholder system, and his reaction to the ruling in his company’s lab-grown patent lawsuit.
De Beers Reveals Overhaul of Sight System
02 march 2020
(diamonds.net) - De Beers plans to split sightholders into three categories and offer each group a more bespoke selection of rough diamonds as part of changes to its sales system. Manufacturers, dealers and retailers will sign specific supply contracts designed for the “broad needs” of each business model, a De Beers spokesperson told Rapaport News Thursday. The arrangement will take effect in January 2021, following the end of the current sightholder contract, which runs until December 2020. Applications start this week, giving companies four weeks to complete the process, a source in the rough market said on condition of anonymity.
