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
Jeweler De Grisogono Allegedly Funded by Shell Companies Laundering Angolan Government Money
23 january 2020
(jckonline.com) - Swiss fine jewelry brand de Grisogono has allegedly been a part of a complicated, long-running money-laundering scheme that’s redirected Angolan government funds into shell companies owned by one family. According to the International Consortium of Investigative Journalists, which shared more than 700,000 supporting documents it obtained with The New York Times, Isabel dos Santos—Africa’s richest woman and the daughter of Angola’s former president, José Eduardo dos Santos—and her husband, Sindika Dokolo, funded de Grisogono and roughly 400 other companies through a series shell companies based in Luxembourg, Malta, and the Netherlands. These companies fleeced the people of poverty-stricken Angola of more than a billion dollars over several years.
The Greatest Story Ever Sold
22 january 2020
(mgretailer.com) - Throughout history, a few extraordinary advertising campaigns literally changed society. These tales have been told—and sold—to the masses and changed the course of human events.
Geopolitical Instability Impacts Antwerp Diamond Industry in 2019
21 january 2020
(thediamondloupe.com) - 2019 was a challenging year for the global diamond trade. The entire industry, from miners to manufacturers and from diamond traders to jewelry retailers saw their trade figures and profits decline during the past year. Antwerp, as the leading diamond trading hub, was caught in the middle of the industry-wide storm. “Geopolitical instability led to economic turmoil, which negatively impacted consumer confidence,” says Ari Epstein, CEO of the Antwerp World Diamond Centre. According to Bain & Company, the diamond trade is in for a difficult 2020 as well, but should fully recovery in 2021.
The Elite De Beers Diamond Buyers Club May Get Even Smaller
20 january 2020
(bloomberg.com) - De Beers is considering key changes to the way it sells diamonds as frustration mounts among its customers—a supposedly elite group that are now struggling to turn a profit. De Beers has signaled to its handpicked buyers that it may significantly reduce their number, possibly by the most since its monopoly ended at the beginning of the century, according to people familiar with the discussions. It’s also reconsidering the way that diamonds are allocated among the group, said the people, who asked not to be identified because the conversations were private.
Endiama negotiates the return of De Beers to Angola
17 january 2020
(macauhub.com.mo) - Angola’s national diamond company Endiama is negotiating the return to the country of De Beers and the entry of Rio Tinto, two of the largest mining groups in the world, announced the president of Endiama. José Manuel Ganga Júnior acknowledged in an interview with state newspaper Jornal de Angola that it is important for the country to have the involvement of these two mining groups, “to support the national industry, earn money and raise the bar in terms of production.”
