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
De Beers Starts Outlining Plans to Help Its Struggling Buyers
02 march 2020
(bloomberg.com) - After watching diamond sales plunge in 2019 as a crisis engulfed the industry, De Beers is taking action to help its struggling buyers. The middlemen who cut, polish and trade the world’s gems were at the center of a disastrous year for the diamond industry last year, after a glut of both rough and polished stones destroyed profit margins and banks tightened financing. De Beers sells its diamonds to a handpicked group of roughly 80 buyers and many have grown frustrated as the industry soured. In meetings in Botswana this week, De Beers outlined plans to assign its customers into three categories -- dealers, manufacturers and integrated retailers, according to people familiar with the matter. The move will help the diamond miner ensure that each buyer gets the stones most suited to its needs and business type, said the people, who asked not to be identified as the talks were private.
Everything you ever wanted to know about ethical diamonds
28 february 2020
(vogue.in) - Over the course of the past decade, traditional consumer culture has received a conscientious update. From the coffee we sip in the morning to the clothes we add to our closets, questions are being asked about the treatment meted out to the workers creating the products, and the environmental impact of their production practices. A diamond piece stands as one of the more important purchases you’ll make, and it is essential to ensure that the gems that will play a starring role in our happiest memories aren’t created by a cycle of ethical and environmental strife. Here’s everything you need to know about ethical diamonds, and the difference they can make to the lives of marginalised mining communities.
Antwerp’s Rough Diamond Imports Surge in January
27 february 2020
(thediamondloupe.com) - The anticipated increase in rough-diamond trading activity as the calendar flipped to 2020 lived up to expectations in Antwerp, as the volume of rough imports to Antwerp during the month of January surged 43% compared to the first month of 2019. The 8.1 million carats imported was the most since December 2018 and outpaced January 2019 imports by over 2.4 million carats.
Polished Diamond Prices Rise in January
26 february 2020
(edahngolan.com) - Wholesale polished diamond prices rose in January in response to improved demand and lower wholesaler inventories. The rise in wholesale polished diamond prices started in December, as wholesalers witnessed a late rise in demand from US retailers.
What the Diamond Trade Can Learn from Avocados
25 february 2020
(diamonds.net) - Generic marketing has done wonders for the green fruit. What’s holding the diamond industry back from creating similar campaigns?
