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 in the rough: price fall 'creates buying opportunity' for investors
06 november 2019
(telegraph.co.uk) - A fall in the value of diamonds has opened up an investment opportunity for people looking to shield their wealth from the turbulence of global stock markets. De Beers, the world’s biggest diamond producer, made sales of £240m at its most recent auction, 39pc less than the equivalent sale in 2018. The sluggish sales figures were blamed on a global surplus of stones, which have depressed values in the past 12 months. However, those who have invested for the long-term have earned strong returns from diamonds in the past 15 years.
De Beers said to cut diamond prices by about 5% as industry crisis deepens
05 november 2019
(bnnbloomberg.ca) - De Beers cut diamond prices across the board as the world’s biggest producer struggles to respond to a widening industry crisis, according to people familiar with the situation. The Anglo American Plc unit lowered prices by about five per cent for its November sale, according to the people, who asked not to be identified as the information is private. The price of some cheaper diamonds, which have been hit hard in an oversupplied market, were cut by double digits, the people said.
Betting on the Future of Natural Diamonds
05 november 2019
(stockhouse.com) - Despite narratives circulating that the diamond industry has been perinatally disrupted by falling marriage rates, changing consumer preferences and competition from low-priced man-made diamonds, recent investments in the future of natural diamonds by the industry’s largest players paints a different picture.
Reimagining Marketing in the Diamond Industry
01 november 2019
(thediamondloupe.com) - It is no secret that since De Beers stopped shouldering the promotional burden for the diamond industry more than a decade ago, investment in category marketing has steadily declined. The Diamond Producers Association (DPA) was created a couple of years ago, but by their own admission their efforts alone are not enough, and more funds are needed. Two weeks ago, Shashin Choksi, a second-generation diamond trader from Antwerp and director of Swati Gems, together with his son Siddharth Choksi, who has held a number of internships in the diamond and jewelry industry, penned an opinion piece published by Rapaport to address this very issue. Entitled "An Urgent Call to Invest in Marketing", the father-son duo laid out an ambitious strategy to inject the diamond industry with significantly more marketing funds to be used to the benefit of all in the diamond trade; namely, by imposing a small fee on all diamond exports. "We must collectively work to restore the appeal of our product among consumers," they write. "We must reinvent the way the industry tackles marketing, and to do that we need to increase our budget radically." Their missive sparked considerable discussion and left some questions unanswered. The Diamond Loupe had the good fortune to catch up with them in Antwerp.
All Eyes on Botswana - De Beer Negotiations
31 october 2019
(weekendpost.co.bw) - The Government of Botswana and De Beers Group are meeting to review and renew their vows, as circumstances have changed, the global diamond industry has evolved, and various factors are at play. Key to negotiations which are reported to be ongoing in discrete places at London and in Gaborone is the Sales Agreement. The Botswana-De Beers diamond sales deal was last renewed into a 10 year union in 2010 and it lapses next year September 2020.
