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
It was 24 years ago, on February 19, 1996 that explorers discovered the diamond field now named after Vladimir Grib
21 february 2020
Twenty-four years ago, on February 19, 1996, there occurred an event which later turned to be of key significance for the development of AGD DIAMONDS, JSC – explorers found a kimberlite pipe, which later was named after Vladimir Grib, an outstanding geologist, who worked in Arkhangelsk.
Rio Tinto Argyle diamond mine's future may decide fate of Australian industry
20 february 2020
(abc.net.au) - The East Kimberley mine, 3,000 kilometers north of Perth, produces more than 90 per cent of Australia's diamonds and is one of the few known sources of pink diamonds in the world. Although it is not known exactly when Argyle will shut down, Rio Tinto's current estimates only indicate enough economic reserves to support production through to late 2020. But as one door closes, a new chapter begins; with the mothballed Ellendale mine that once produced half the world's fancy yellow diamonds, being given a new lease on life.
Jeweller's Day held by the Moscow Chamber of Commerce and Industry
19 february 2020
The International Jeweller's Day held by the Moscow Chamber of Commerce and Industry (MCCI) was marked by the meeting of members of the Exporters Guild and the presentation of the winners of the Moscow international jewelry design contest ‘Russian Diamond Line’. The meeting was attended by heads of companies approved for the participation in the Russian exhibition pool at the HKTDC Hong Kong International Jewellery Show rescheduled this year to May.
AWDC Announces African Diamond Conference, May 5-6, in South Africa
18 february 2020
(thediamondloupe.com) - The Antwerp World Diamond Centre (AWDC), on the margins of the African Mining Indaba in Cape Town, South Africa, yesterday announced it will be organizing its second African Diamond Conference (ADC) in Durban, South Africa, on May 5 & 6. Together with its partners – South Africa’s Department of Mineral Resources and Energy (DMRE) and the African Diamond Producers Association (ADPA) – the AWDC hopes to build on the momentum created at the first ADC held in Brussels in 2017, continuing the dialogue with African diamond-producing countries about critical issues facing the industry as a whole.
Gen Z Has Made ‘Social Currency’ a Must-Have for Brands
17 february 2020
(jingdaily.com) - Gen-Z consumers and the brands that are highly relevant to them are of utmost importance for two reasons. First, to be relevant to young millennials, companies have to target even younger consumers (age 16-20 years old) since they act as key influencers to consumers that are between the ages of 25-30 years old. Second, most established luxury brand CEOs all have the same problem in that they only appeal to customers over 40 while struggling to connect with young millennial or Gen-Z consumers. And since brand preferences are built when customers are quite young, these brands are risking their futures by not appealing to these younger generations. The hardest thing for most brands to acquire today is “social currency” — in other words, recognition as a relevant, hip, or compatible brand by young customers. To hit this zeitgeist, brands must go much further than just creating young-looking products. The entire brand must be seen as hot to thrive. Even being “somewhat” authentic isn’t enough. In regards to social currency, brands either have it or don’t.
