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
Does Going Public Work for Jewelry Companies?
23 december 2019
(jckonline.com) - According to LVMH executives on a conference call in the end of November, its main reason for buying Tiffany & Co. was the belief that being public was holding it back. While the rush to an IPO has become part of American business folklore, in the jewelry industry, we are seeing more companies opt to stay private or become part of a larger company.
Russian miner helps diamond trade
20 december 2019
(economictimes.indiatimes.com) - In a relief to the Indian diamond trade, the world’s second largest diamond miner, Russia’s ALROSA, has granted flexibility to Indian sightholders, or authorised bulk purchasers of rough diamonds, to buy 55 per cent of the contracted volume so that they do not pile up inventory. The move will help the Indian diamond trade reeling under low export volumes, non-availability of bank finance and falling margins.
The Curious Case of Fluorescence
20 december 2019
(diamonds.net) - The diamond industry has a complicated relationship with fluorescence. Historically, both the trade and consumers saw value in a diamond that fluoresced under ultraviolet light. The perception was that it added to the color of the diamond while also providing various niche marketing opportunities. Take the ’80s disco era, when neon was in and a glow-in-the-dark diamond might have been cool. But the positive view of fluorescence has changed over time — at least, from the trade’s perspective. Various periods of oversupply, and one or two scandals related to the subject, led the trade to discount diamonds with varying degrees of fluorescence.
Inside the destructive life of a shopping addict
19 december 2019
(nypost.com) - At the height of her shopping addiction, Lisa, a 56-year-old registered nurse, had blown through her and her husband’s $10K of savings, taken out three clandestine loans and accrued $50K in credit-card debt. Another thing the out-of-control spending cost Lisa? Her marriage. “I did all kinds of things I’m not proud of,” says Lisa, a mother of two from the Houston, Texas-area who asked The Post not to use her last name for privacy reasons. The days between Black Friday and Dec. 25 make for an especially challenging time of year for people like Lisa who are compulsive shoppers. They’re believed to make up about 5 percent of the population, according to 2015 research that ran in the journal Addiction.
Buried treasure: An overview of news from active diamond companies
18 december 2019
(northernminer.com) - An overview of the latest news from active diamond explorers, developers and miners in Canada, and Canadian-listed companies working abroad.
