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
The Golan Diamond Market Report – Q4 2019
30 january 2020
(edahngolan.com) - The year that started out with a general understanding that it would be challenging, and turned out to be even worse than feared, ended with a quiet sigh of relief from those who survived it. The Q4 2019 issue of the Golan Diamond Market Report reviews transaction polished diamond prices, changes in midstream inventory & demand, takes an in-depth dive into the activity of the main diamond centers, with updates on prices and demand in the growing ВЛБ market. All that, plus an exploration into consumer attitudes towards diamond jewelry and engagement rings, checking who is interested in ВЛБ around the world.
More Hopeful: The 2020 Outlook for the Watch and Clock Market
29 january 2020
(economists-pick-research.hktdc.com) - The HKTDC Hong Kong Watch & Clock Fair is the largest timepiece event in the world. The HKTDC conducted face-to-face interviews with 501 buyers and 338 exhibitors at the 2019 Fair (held on 3-7 September 2019) in order to obtain the industry’s view of future market prospects, new product trends and the latest developments in e-tailing. The survey results showed that industry players are more hopeful about sales prospects over the next 12 months. Despite a list of widely shared concerns such as the subdued global economic growth, the slowing Chinese economy and the increasing operating costs, the industry are confident about the potential of smart watches in driving sales and the product development strategy of “going smart – interactable with smart devices” as a trump card in the year ahead.
Why Luxury Jewelry Experts Prefer Natural Diamonds
28 january 2020
(forbes.com) - What is a diamond worth? While you’ll get an emotional answer from someone who proudly wears and treasures their grandmother’s engagement ring, a single mother who sorts diamonds to support her family will offer other opinions. And, whereas a diamond dealer will deliver a market-based assessment, a luxury jewelry designer is likely to have a more poetic view. All of these people, however, will doubtless agree that a diamond’s value transcends mere economic classifications.
Can Chinese Millennials and Gen Zers Warm the Freezing Global Diamond Industry?
27 january 2020
(jingdaily.com) - The mining giant De Beers Group’s 17 percent revenue slump in 2019 is a warning of a freezing global diamond industry. The crisis triggered by floundering rough diamond prices is forcing the former monopoly to focus on polished diamonds. To deal with the pressure from the wholesale market, De Beers will pour resources into improving retail performance, budgeting even higher than last year’s $170 million on marketing. The two targets are China and the U.S.
Why Luxury Brands Should Celebrate the Preowned Boom
24 january 2020
(bcg.com) - Luxury goods manufacturers have much to gain by encouraging and participating in the fast-growing luxury resale market. Although many manufacturers once viewed this market as an unattractive niche, a recent BCG survey reveals that it has found new life through the online channel and now offers a powerful opportunity for luxury brands to boost their image and grow their customer base.
