De Beers’ 2023 Diamond Output -8% To 31.9 Million Carats
De Beers recorded a 3% decline in rough diamond production to 7.9 million carats, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations, partly offset by higher production...
Revenue and Prices Down at Gem Diamonds
Gem Diamonds saw revenue and average per carat prices down by around a quarter during 2023 amid ongoing "downward pressure" in the rough market.
The UK-based miner operates Letseng, in Lesotho, the highest dollar per...
Diamonds Do Good Welcomes New Board Members & Leadership Team
The Diamonds Do Good board is pleased to introduce its new leadership team, including President Kathy Corey, president-elect Peter Engel, and immediate past president Anna Martin, all set to serve a two-year term. David...
Diamonds Do Good is Making a Difference
Diamonds Do Good, the global non-profit, has announced $365,000 of grants for diamond mining and manufacturing communities.
It's supporting girls' education and entrepreneurship training in Tanzania, where it launched the Diamonds Do Good Bracelet to...
Ultra-Wealthy Buying Lab Growns, says Dubai Jeweler
Even wealthy clients, who can readily afford natural diamonds, are buying lab growns, says the founder of a luxury jewelry brand in Dubai.
Fergus James says he sells high-end lab-grown diamond bracelets to wealthy socialites,...
Rapaport: Diamond Trade Cautious At End Of Year
Diamond trading was quiet in late December as wholesalers took vacation between Christmas and New Year, Rapaport said in a release. The industry was cautious due to sluggish US consumer demand and competition from...
SRK Becomes Member of World Diamond Council
Surat-based diamond manufacturing company Shree Ramkrishna Exports Pvt. Ltd. (SRK) has joined the World Diamond Council (WDC), which represents businesses and organisations engaged in the global diamond value chain.
SRK said it recognises the crucial...
US Closes Loophole on Russian Diamonds
The US is closing the loophole that has, for almost two years, allowed the importation of rough diamonds from Russia as long as they are cut and polished in India or elsewhere.
A new White...
The Science Of Brilliance: Understanding The 4Cs Of Lab Diamond Engagement Rings
Lab diamonds have emerged as a favored choice for engagement rings, appealing to modern preferences for sustainability and affordability. These diamonds, grown in controlled lab environments, match their mined counterparts in beauty and durability....
Alrosa Profits Slip after Halt in Rough Sales
Alrosa has reported a 7 per cent drop in net profit during the first nine months of 2023, down to $975m (RUB 87.9bn).
Russia's state-controlled miner said Q3 revenue was $871m (RUB78.5bn), down 7 per...
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AGTA Bans Non-Natural Gemstones
Lab grown gemstones are to be banned from all trade shows run by the American Gem Trade Association (AGTA).
The Dallas-based notâ€forâ€profit association says exhibitors...
LVMH Jewellery & Watch Sales Fall 5% To €2.58 Billion In Q1
Luxury behemoth LVMH Moët Hennessy Louis Vuitton registered a 5% decline in jewellery and watch sales to €2.589 billion for Q1 2024 compared with...
IGJS Attracts 250 Foreign Buyers
The third edition of International Gem & Jewellery Show (IGJS) in Jaipur, India, attracted 250 buyers from 27 countries, say organizers.
The three-day event, which...
Time for Change: Sotheby’s Underground, Gender-Free Watch Auction
An underground auction of vintage watches, held in a Geneva wine cellar, raised $1.3m, almost double its pre-sale high estimate.
Sotheby's offered 24 avant garde...
De Beers Sells $445m Amid Ongoing Uncertainty
De Beers today (17 April) reported $445m of rough sales (provisional figure) during its third cycle of the year, a very slight increase on...
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