“Solid” Results at Gem Diamonds, Despite Ukraine War
Gem Diamonds delivered a "solid" set of results in 2022, despite increased costs as a result of Russia's invasion of Ukraine.
The UK-based miner saw revenue fall by just over six per cent to $188.9m...
Surat Manufacturers Extend Summer Vacations
Manufacturers in Surat are reportedly extending their summer vacations as the recession hits and consumers in the US and Europe boycott Russian goods.
Slow demand is forcing many units to lay off staff, reduce working...
ALROSA Reduces Production Guidance for 2020 to 28–31 Mn Cts from 34 Mn Cts...
ALROSA said recently that the Strategic Planning Committee of the Company’s Supervisory Board has “reviewed options to cut spending and optimise production as proposed by the management and recommended that the management be guided...
Petra Holds Back 75,000 carats amid Weak Demand
Petra reported sharp drops in both revenue and prices at its May tender, and said it held back parcels of over 75,000 carats because of weak demand.
The UK-based miner is currently operating only two...
De Beers Forevermark Launches Its New Campaign This festive season.
Unveils three new designs to the Forevermark Avaanti Collection-
Mumbai, October 18, 2022 – De Beers Forevermark, the world’s leading and trusted diamond brand have launched their festive season campaign, as the brand unveiled three...
35-ct Diamond Fetches $2.7m in White Glove Sale
A 35-carat Leviev diamond ring beat its $2.5m high estimate yesterday when it sold for $2.7m at Bonham's New York.
The type IIa emerald-cut, D-color, VVS1-clarity diamond was accented by a round brilliant-cut diamond-set gallery...
De Beers Sells $540m as Demand Shows Signs of Recovery
De Beers yesterday reported $540m of rough sales during Cycle 3, boosted by "encouraging positive trends" in consumer demand, especially in China.
The provisional figure is 8.5 per cent higher than Cycle 2, but 4.5...
Diamond Market Faces Decline Amid Slow Demand in January
The diamond industry experienced a sluggish start to 2024, with subdued holiday sales and declining prices, according to the Rapaport Group. While the US holiday season met the industry’s modest expectations, the overall market...
U.S. to Enforce Stricter Diamond Import Rules, Mandating Mining Country Disclosure
The U.S. Customs and Border Protection (CBP) will roll out tighter import regulations for diamonds in April 2025, reinforcing its efforts to block Russian-mined diamonds from entering the U.S. market. The new mandate, aligned...
Swarovski Reports Return to Profit and Surge in Lab-Grown Diamond Sales
Swarovski has made a strong comeback, returning to profitability after five years of setbacks. The Austrian luxury brand, known for its iconic crystals and jewelry, announced a 6% growth in revenue for 2024 and...
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