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De Beers Sells $445m Amid Ongoing Uncertainty

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...
New Rainbow Edition of Billionaire III Watch

New Rainbow Edition of Billionaire III Watch

Luxury watchmaker Jacob & Co has announced three new editions of its famous Billionaire III watch. The bracelet of the Rainbow is fashioned from 580...
Petra Sells Mothballed Mine to Stargems

Petra Sells Mothballed Mine to Stargems

Stargems has acquired Petra's mothballed Koffiefontein mine, in South Africa, for a "nominal cash consideration". The loss-making deposit, which Petra bought from De Beers in...
LVMH Jewellery & Watch Sales Fall 5% To €2.58 Billion In Q1

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...
Petra's Prices Boosted $8.2m Blue

Petra’s Prices Boosted $8.2m Blue

Petra Diamonds sold fewer carats but achieved higher prices earlier this month at its fifth tender of FY 2024, boosted by the sale of...
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