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US to Spend $5.5bn on Valentine's Jewelry

US to Spend $5.5bn on Valentine’s Jewelry

US consumers are set to spend $5.5bn on jewelry as they splash out on a record Valentine's Day, according to the NRF (National Retail...
De Beers Rough Sales Down 30% to $450m

De Beers Rough Sales Down 30% to $450m

De Beers today reported $450m of rough sales during its first cycle of 2023, down over 30 per cent on 2022. That's despite reports that...
Angola's 2022 Diamond Sales up to $1.95bn

Angola’s 2022 Diamond Sales up to $1.95bn

Angola exported 8.75m carats last year, well down on its original forecast of 13.8m. But total revenue was $1.95bn, the Ministry for Mineral Resources, Oil...
LVMH Jewellery & Watch Revenues Soar 18% To €10.58 Billion In 2022

LVMH Jewellery & Watch Revenues Soar 18% To €10.58 Billion In 2022

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, reported jewellery and watch revenue growth of 18% to €10.58 billion in 2022,...
Lab Grown Boost: India Abolishes Diamond Seed Tax

Lab Grown Boost: India Abolishes Diamond Seed Tax

The Indian government today announced an immediate abolition of the five per cent import levy on the graphite seeds used to create lab grown...
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