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
Is There a Resale Market for Lab-Grown Diamonds?
03 december 2019
(jckonline.com) - This last October, at the urging of a commenter, I looked into Kay’s and Jared’s policy for lab-grown diamond upgrades and trade-ins, now that both of those chains are selling them. Suffice it to say, it’s not the same as for naturals. When I talk to jewelers reluctant to sell lab-growns, their number one reservation almost always revolves around value and how they’ll handle trade-ins and buybacks. For some now carrying them, the answer seems clear: They won’t.
Rapaport Sees Opportunity for Dealers Amid Turmoil
02 december 2019
(diamonds.net) - In 2100, the diamond industry will look vastly different from its current makeup, Martin Rapaport assured diamantaires at the recent Antwerp Rough Diamond Days event. Most notably, it will be less influenced by the mining companies as demand dynamics increasingly impact the market, the chairman of the Rapaport Group noted. “Market power is shifting from supply to demand,” Rapaport explained at the November 21 event, which coincided with the Antwerpsche Diamantkring bourse’s 90th anniversary. “In the next 90 years, diamond-mining companies will not have market power. They probably won’t even exist, as diamond mining will be very limited.” When rough supplies are reduced, and eventually eliminated from the open market, recycled diamonds, gems and jewelry will emerge as the primary source of supply, with elderly consumers selling and young ones buying. That will result in a more profitable diamond and jewelry trade, as “unconstrained free-market supply becomes available from motivated sellers,” Rapaport continued.
First batch of Kimberley certified rough diamonds imported to Macau delivered today
29 november 2019
(macaubusiness.com) - The recently established China Diamond & Gem Exchange Center has received yesterday the first batch of rough diamonds certified under the Kimberley Process, a US$284,000 (MOP2.2 million) batch of rough diamonds from Russia weighing over 600 carats and imported by Hong Kong-based conglomerate Chow Tai Fook.
Diamond Manufacturers Must Brace for Automation
28 november 2019
() - Imagine the following: A diamond-mining company operating with self-driving trucks loads its haul of ore to the processing plant, where rough diamonds are separated from waste and arranged in their rough forms into different sizes before being sent for further aggregation. The goods are fed into machines that determine their color and clarity potential while also assessing where the stone fits best amid the many assortment options. The diamonds are then run through the company’s computer-based planning mechanism, which analyzes how to get the optimal polished yield. That process was presented as a real possibility in a panel discussion at the Dubai Diamond Conference in September, which revolved around the theme of “Disruption in Diamonds.”
De Beers Sightholders Embracing Synthetics
27 november 2019
(diamonds.net) - Few in the diamond industry were surprised by the news that Rosy Blue chief Dilip Mehta had launched an independent lab-grown business. It’s been an open secret for months that major manufacturers of natural diamonds have been exploring the sector, Rosy Blue being just one of them. A significant number of De Beers’ approximately 80 sightholders are already trading in synthetics or considering doing so, market consultants told Rapaport News. Many of them are focusing on the engagement-ring market, and are working under separate names from their natural businesses to ensure clear segregation.
