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
New DPA Films Trace ‘The Diamond Journey’
30 october 2019
(jckonline.com) - The Diamond Producers Association (DPA) plans to spend $11 million in the fourth quarter airing versions of its new film, The Diamond Journey. The elaborate new ad was directed by Ian Pons Jewell, a noted commercial and music video director. There are various versions of the film, going from 15 seconds to a full three-minute version that was recently previewed for the trade in New York City.
Antwerp’s Rough Diamond Trade Spikes in September, Prices Still Soft
29 october 2019
(thediamondloupe.com) - The Antwerp diamond industry’s import and export figures for the month of September were mainly in line with what we could call ‘2019 normal’ – prices down, polished trade slow – but the volume of rough goods traded in Antwerp’s hit its highest levels of the year, with the quantity of rough exports more than doubling those in August, according to figures from the Antwerp World Diamond Centre's Diamond Office.
Disruption: Why the Big Luxury Brands Should Be Scared
28 october 2019
(jingdaily.com) - With regards to luxury, bigger used to always be better. The history and heritage of top luxury houses were seen as assets that those brands could capitalize on until the end of time. But while that may have been true a decade or two ago, today, things have changed dramatically. Many of those so-called heritage brands are suffering, whether they’re in jewelry, fine wines, luxury cars, fashion, fine watchmaking, luxury retail, or bespoke shoemaking. A lot of brands — even after a century of growth and unbridled success — have suddenly started to lose ground, leaving management teams puzzled about what happened and what they should do about it. But there are recurring patterns that can be addressed when a heritage brand starts to fail.
“Sand shifting beneath our feet”, warns Anglo’s Cutifani as mining urged to transform
25 october 2019
(miningmx.com) - It fell to the world’s mining industry to become relevant to society in order to remain sustainable, said BusinessLive citing the comments of Mark Cutifani, CEO of Anglo American. In an address to the South African mining community ahead of the Joburg Indaba conference, Cutifani said he hoped the mining sector would be completely transformed in the next 40 years such that it was a trusted economic partner.
NRF: Holiday Retail Sales to Increase 4% This Year
24 october 2019
(nationaljeweler.com) - The National Retail Federation said in early October it expects holiday retail sales to increase between 3.8 percent and 4.2 percent compared with last year. Consumer spending in November and December is expected to total between $727.9 billion and $730.7 billion, excluding sales of automobiles, gas and at restaurants. Online and other non-store sales, which are included in the total, are forecast to increase between 11 and 14 percent to as much as $166.9 billion. This would be a substantial increase from $146.5 billion last year.
