News
De Beers transfers initial BWP 1 billion contribution to Botswana’s Diamonds for Development Fund
De Beers has transferred its initial BWP 1 billion ($73 million) contribution to the Diamonds for Development Fund, marking a major milestone for the initiative designed to support Botswana’s long-term economic diversification.
Today
Valterra Platinum's refined PGM output falls 41%, sales decline 27%
Valterra Platinum's refined platinum group metal (PGM) production decreased by 41% to 576,900 ounces for the third quarter ending 30 September 2026.
Today
Swiss watch exports rise 11.7% in September, driven by sharp U.S. shipments increase
In September, the value of Swiss watch exports grew by 11.7% compared to the same period last year, reaching 2.226 billion Swiss francs ($2.74 billion). This marks the fourth consecutive month of growth.
Today
New $1.8bn copper smelter under construction in Kazakhstan
Construction of the Aktogay copper smelter has begun in the Abai Region of eastern Kazakhstan. The $1.8 billion project is being implemented by the KAZ Minerals group.
Today
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Today
St. Petersburg Initiative Becoming a Reality
07 october 2009
Compared with the countless gatherings where people in the diamond business get together simply to assess the scope of “the catastrophe” - either the one that has just happened or the one to come - something serious and of great potential consequence has finally emerged from recent industry meetings. The creation of the International Diamond Board (IDB) in July 2009, along with its designation as the industry’s advertising arm, is a sign that the whole industry is maturing.
De Beers Advertising - A Knotty Problem for the Diamond Industry
06 october 2009
As further evidence of the chaos in the $30 billion plus U.S. diamond market, De Beers is launching a new advertising campaign emphasizing “feeling good today”, that according to a Robert Bates, a senior editor for JCK. Just what De Beers’ rationale is remains to be seen. Clearly, the direction is a substantial departure from the company’s previous campaigns that targeted relationships to build that emotional connection with the consumer.
Russian Diamond Industry in Light of Kimberley Process
05 october 2009
Despite the multitude of objective critical remarks recently addressed to the Kimberley Process by some of the participant countries, this organization gives a chance to see a consistent pattern for further development of the diamond business. Under this angle the prospects for the Russian diamond industry may be viewed as more upbeat despite the deep economic crisis which affected all the participants of the diamond market.
Bridal revisited
02 october 2009
As a category, wedding jewelry continues to defy the recession, luring retailers as well as designers from the more fashionable side of the business. Retail jewelers have a favorite aphorism, often cited in these financially turbulent times: "People are still getting married." Used to sum up the state of the jewelry business, it deflects a basic truth about the recession's impact on sales: Bridal is for many jewelers the only bright spot in an otherwise lackluster, if not downright dismal, year.
Indian Diamond Traders Find a Friend in China
01 october 2009
It's not yet clear if China can lead the world out of recession, but the Asian giant is certainly helping Indian diamond traders out of the woods. A number of Indian firms are busy setting up diamond processing units and retail outlets across China, as they bet on Asian markets to more than make up for the sharp drop in demand from what were traditionally the largest consumers — the U.S., Europe and Japan.
