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
Diamonds are a form of art: DPA exec
10 december 2019
(luxurydaily.com) - The Diamond Producers Association is working to build an emotional story around diamonds by leveraging the stone's history and place in culture. During a keynote at Initiatives in Art and Culture’s Fashion and Design Conference on Nov. 15, an executive from the organization explained how he views diamonds as a type of art, since art is all about light and proportion. Through its marketing campaigns, the DPA has sought to enlighten consumers on diamonds’ 3 billion year timeline and the rarity of finding these stones.
Diamond Industry Financing Is Shrinking. This Is What It Means
09 december 2019
(edahngolan.com) - Diamond industry financing has considerably declined over the last couple of years. Generally, the industry views this as unfavorable; yet, this can be debated. What is not in debate is that right now the diamond industry’s debt level is at its lowest in well over a decade. Currently, diamond industry financing is estimated at around $9 billion. According to our estimates, industry indebtedness averaged $9.7 billion in 2019, with a downward trajectory throughout the year. That includes bank-supplied credit and money supplied by other financial entities such as investment firms and insurance companies. With some fluctuations, the downward trajectory is not unique to this past year. It is a drawn-out process that goes as far back as 2011. Although money and credit supply bounced upwards in 2014, it has since withered. It hasn’t been since 2004, 15 years ago, that industry debt has been so low. This is a healthy sign, as I will show.
Diamond Industry’s Torrid Year Set to Continue for Some Time
06 december 2019
(bloomberg.com) - The crisis afflicting the diamond industry won’t end anytime soon, according to Liberum Capital Markets. There has been little good news this year. An oversupply of rough diamonds, a surfeit of polished stone stocks and falling prices have piled pressure on both the companies that dig them up and the lesser known businesses that cut, polish and trade them. “The diamond market has had a torrid year,” Ben Davis, an analyst at Liberum, said in a report on Monday. “While there is some optimism emerging from expected mine supply cuts and an end to the destocking in the midstream that should help lift rough diamond prices, the next six months are still likely to be difficult for the industry.”
Andrey Zharkov: “I became an entrepreneur to create a global player in the market”
05 december 2019
(robb.report) - Currently - General Manager of Ultra C, the firm engaged in the production of lab-grown diamonds, and in the past - President of ALROSA, Deputy Head of Gokhran of Russia, Chairman of the Board of Directors of Kristall, Commercial Director of Prioksky Plant of Non-Ferrous Metals, Member of the Board of Directors of Novosibirsk Refining Plant, Head of Precious Metals Sales Department at MMC Norilsk Nickel, and Project Manager at RUSAL. Below, some of Andrey Zharkov’s thoughts on the will of chance, the crisis suffered by diamond mining companies and eternal values.
The Problem With Diamonds Is They Keep Getting Cheaper
04 december 2019
(finance.yahoo.com) - Five years ago, the diamond industry’s biggest worry was being forgotten by millennials, who — the theory went — didn’t covet sparkly gems the way their parents had. The concern turned out to be mostly unfounded, but the reality is almost worse. While Americans are buying more diamond jewelry than ever before, most polished diamonds are getting steadily cheaper. The lower prices and a glut of the type of stones that go into a discount-store engagement ring or pair of earrings have pushed the global diamond trade into crisis.
