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
UK Secures Deal to Keep Rough Trade Alive
17 january 2020
(diamonds.net) - The UK has secured independent membership of the Kimberley Process (KP), enabling it to continue participating in the international rough-diamond trade after the nation leaves the European Union. Britain’s decision to withdraw from the EU on January 31 requires the country to join the KP in its own right, as it is currently a member through the European bloc. Under a deal agreed in November, the UK will maintain EU membership for KP purposes until the end of 2020, and become an independent KP member from January 2021.
The Natural and Lab-Grown Diamond Sectors Need to Stop Fighting
16 january 2020
At the recent Dubai Diamond Conference panel on lab-grown diamonds, William Shor, managing partner of Caspian VC, one of the companies backing Diamond Foundry, made a startling suggestion. “My colleagues would welcome the opportunity to co-market with [natural] diamond producers,” he said. On one level, Shor’s suggestion makes no sense. His colleague, Diamond Foundry chief executive officer Martin Roscheisen, just wrote a magazine piece that accuses diamond miners of “price collusion.” (He provides no real evidence for this claim.) Doesn’t look like he’s ready for co-marketing. On another level, Shor’s suggestion makes all the sense in the world. Why can’t the two sectors work together? Neither sector is going away. They both have money. They both need customers. A large number of companies currently sell both, including, of course, De Beers.
These Common Pricing Mistakes Destroy Luxury Brands
15 january 2020
(jingdaily.com) - Pricing is one of the most difficult tasks for luxury brands to manage. Even leading brands and seasoned managers fall into the same trap over and over: pricing based on cost and competitors. Because of this, we see a lot of untapped optimization potential in luxury pricing. Many luxury brands are not profitable enough because they make pricing mistakes. But what’s even worse is when their incorrect pricing erodes hard-won luxury positioning with customers. When luxury brands fail and disappear from the market, incorrect pricing is often to blame. It surprises many to learn that many luxury brands are priced too low thanks to bad internal strategies.
Belgium Tightens Access to Diamond Trade
14 january 2020
(diamonds.net) - Belgium has introduced legislation requiring managers of diamond companies to prove their good conduct and knowledge of money-laundering laws. The rules, passed in November by royal decree, are intended to control access to the sector and came after the Financial Action Task Force (FATF) called for improvements. Firms wishing to trade diamonds or continue as an accredited diamond business must submit criminal records or proof of good conduct for the company and each senior officer, the Antwerp World Diamond Centre (AWDC) explained in a note to members last month. At least one director must present a certificate confirming attendance at a recognized anti-money laundering (AML) seminar. Companies must also declare their shareholder structure and the names of their ultimate owners.
Diamonds lose their shine for investors
14 january 2020
(moneyweek.com) - Diamond miners are in dire straits. The $90bn market is being squeezed by demand and supply problems and faces a long-term threat from manufactured gemstones.
