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The new G7 sanctions will be a "lose-lose situation" say African diamond producers. Routing all EU-destined diamonds though a single entry point in Antwerp will create "a logistical nightmare for producer countries," Lefoko Moagi, Botswana's...

Gemfields, the British gemstone miner, reported near-record revenues of $262m for FY2023, despite lowered production of both emeralds and rubies, and the cancellation of an emerald auction. Revenue from Kagem, the Zambian emerald mine fell...

GJEPC recently conducted a highly informative Outreach Program focused on obtaining Authorized Economic Operator (AEO) status towards enhancing international trade operations, strengthening supply chain security, and enhancing global competitiveness. Held on 18th March, 2024,...

GJEPC’s Delhi Regional Office hosted a webinar on 14th March focused on exploring the potential of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) and its impact on the gold industry through the India International...

Diamond companies in India have been warned they must keep "meticulous" records to comply with G7 sanctions on Russian goods. The Gem and Jewellery Export Promotion Council (GJEPC) has told its 7,500 members to make...

Pandora's CEO says consumers don't buy lab growns because they're "sustainable". They buy them because they're cheap. Alexander Lacik told Fortune magazine: "When we talk about product choice, there are only two things that actually...

Diamond prices declined for higher clarities in February following a positive trend in the previous month, Rapaport Group said in a press release. Demand for SI qualities improved. The US and other Group of Seven...

Alrosa reported a 9 per cent increase in rough diamond sales in 2023, to $3.55bn, despite Western attempts to impose sanctions over its invasion of Ukraine. However net profit dropped 15 per cent to $939.3m,...

LVMH is the world's most valuable luxury company, based on market capitalization and revenue. That's according to Insider Monkey, the investing website that has just published its top 25, based on a snapshot of their...

Anglo American is to cut 3,700 jobs in its platinum division after profits plunged. It blames "macroeconomic uncertainty", and a 35 per cent fall in price of platinum group metals (PGM), which are used in...