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 Next Diamond Decade
13 january 2020
(diamonds.net) - It wasn’t that long ago that De Beers declared the 2010s “The Diamond Decade.” Growth in China and India was projected to drive demand, while the US would take small steps out of recession. This is what Varda Shine, then-head of De Beers’ supply arm, the Diamond Trading Company (DTC), predicted in a 2010 interview with Rough & Polished. In some sense, she was correct. The last 10 years have seen the Chinese consumer emerge as an influential force in the diamond industry. At times, that has been to the trade’s advantage. During other periods, however, China’s influence on the trade has been more volatile. Shine was also correct in her assessment of the US, which continues to be the mainstay market for the diamond industry. Overall, global diamond jewelry sales grew 16% from an estimated $65.3 billion in 2010 to $76 billion in 2018, according to De Beers. Here, we make 10 predictions of how the market will evolve in the 2020s, though perhaps they’re better read as suggestions for what needs to happen to ensure growth. Either way, we’re optimistic that it will be better than the 2010s, perhaps even an era that’s worthy of the title “The Diamond Decade.”
The Hidden Cost of Gold: Birth Defects and Brain Damage
10 january 2020
(www-nytimes-com.cdn.ampproject.org) - Thousands of children with crippling birth defects. Half a million people poisoned. A toxic chemical found in the food supply. Accusations of a government cover-up and police officers on the take. This is the legacy of Indonesia’s mercury trade, a business intertwined with the lucrative and illegal production of gold. More than a hundred nations have joined a global campaign to reduce the international trade in mercury, an element so toxic there is “no known safe level of exposure,” according to health experts. But that effort has backfired in Indonesia, where illicit backyard manufacturers have sprung up to supply wildcat miners and replace mercury that was previously imported from abroad.
This is How a Confusing Diamond Decade Played Out
09 january 2020
(edahngolan.com) - Because the diamond industry is one of slow-paced, moderate changes, it’s worth examining these over a decade of activity. What’s happened between the time the industry clawed its way out of the Lehman Brothers crises to the current deep slump? Considering the many conflicting changes, it was a confusing diamond decade.
Diamond Sorting and Valuation
31 december 2019
(claritybw.com) - In the same year that Botswana‟s first diamond mine at Orapa was established in 1971, the Government of Botswana formed the Botswana Diamond Valuing Company (BDVC). In 1982, the BDVC sorting building, known as Orapa House, was opened in Gaborone and was the tallest and most sophisticated building in Botswana at the time. After sorting and valuation, diamonds were sold to the De Beers Central Selling (CSO) Organisation in London, which has now been replaced by the Gaborone-based De Beers Global Sight-holder Sales (DBGSS) in 2013. Diamond Trading Company Botswana (DTCB), a 50:50 joint venture partnership between the Botswana Government and De Beers, replaced BDVC in 2006. Today, DTCB currently sorts the diamonds mined by Debswana into around 14,000 categories. The DTCB new Head Quarters, opened in 2008 (Fig. 18), has the capacity for sorting and valuing up to 45 million carats per year and is able to accommodate up to six hundred employees. The sorting process ensures the correct valuation of all production. It also ensures that a consistent supply of rough diamonds can be delivered to the DTCB‟s customers (called sight-holders), who are among the world‟s leading diamantaires.
Diamond Dealers Are a “Vital” Part of Trade, Rapaport Says
30 december 2019
(jckonline.com) - Diamond dealers still have a vital role to play in the diamond business, even if the big players don’t always recognize it, Martin Rapaport said in a speech at the Diamond Dealers Club of New York on Monday (November 11). “Don’t underestimate the power of dealers,” the chairman of Rapaport Corp. told a crowd at the 47th Street bourse. “Without dealers, the industry would be kaput. I don’t think we are appreciated enough by the mining companies. We have more power than we’re given credit for.” He argued that dealers still have a role to play in the business.
