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
Zim diamonds for Russian fuel
04 february 2020
(theindependent.co.zw) - Russia’s state-owned petroleum and gas company Tatneft is eyeing Zimbabwe’s diamonds in a murky fuel-for-gems deal, which desperate officials in Harare believe will ease the acute shortage of the commodity, the Zimbabwe Independent can report. Established by the Russian Ministry of Energy in 1950, Tatneft is that country’s sixth largest fuel firm. In 2018, it produced 29,5 million tonnes of fuel. Zimbabwe is in the throes of an intractable economic crisis and is experiencing severe fuel shortages compounded by an acute foreign currency shortage.
Zimbabwe miners turning increasingly to off-grid as country’s power crisis deepens
04 february 2020
(miningmx.com) - Zimbabwe’s mining industry was increasingly seeking to take its power off-grid as the country’s power utility, ZESA, failed to provide consistent power supplies, said Fin24. One of the country’s largest miners, RioZim, last week applied to the Zimbabwe Energy Regulatory Authority (ZERA) for licences to build four solar power plants for each of its four mining operations, with a combined output of 214MW, the publication said.
Three Diamond Industry Catalysts to Look For in 2020
03 february 2020
(paulzimnisky.com) - Following a strong first-half of 2018, the following 18-months have been disappointing for the diamond industry. The third significant industry lull in the decade-and-a-half since the dismantling of the De Beers monopoly seemingly indicates that the diamond industry is still yet to find sound, sustainable footing in a new era.
Following Exposé, De Grisogono Files for Bankruptcy
31 january 2020
(jckonline.com) - High-end jeweler de Grisogono has filed for bankruptcy in Switzerland, shortly after reports linked it to shell companies controlled by Isabel dos Santos, the daughter of Angola’s former president, and her husband, Sindika Dokolo. In a statement, the company told JCK that it has been up for sale for “several months now. “Despite important progress, the transaction did not go through,” it said. “Without financial support from the current shareholders and without a new investor, unfortunately, the company cannot continue as a going concern.” If the court approves its filing, all of its 65 Swiss employees will be dismissed, it said.
‘Diamond-age’ of power generation as nuclear batteries developed
31 january 2020
(bristol.ac.uk) - New technology has been developed that uses nuclear waste to generate electricity in a nuclear-powered battery. The short lifespan of conventional batteries means they either cannot be used or have significant drawbacks in situations where it is not feasible to charge or replace them. For example, pacemakers, satellites, high-altitude drones or even spacecraft are low-power electrical devices where long life of the energy source is needed. A team of physicists and chemists from the University of Bristol have grown a man-made diamond that, when placed in a radioactive field, is able to generate a small electrical current. This innovative method for radioactive energy was presented at the Cabot Institute’s sold-out annual lecture - ‘Ideas to change the world’- on Friday, 25 November 2017.
