Botswana “Confident” over De Beers Deal
Botswana remains "confident" of reaching a new sales agreement with De Beers, despite repeated threats by President Mokgweetsi Masisi to walk away from negotiations.
Government spokesperson William Sentshebeng said last week that talks were "ongoing,...
Signs of Recovery for US Watch and Jewelry Sales
After eight months of consecutive decline, US watch and jewelry sales came within a whisker of positive growth in October.
Year-on-year change for the month was -0.7 per cent, according to the latest Department of...
Petra’s Fourth Tender Sees Strong Sales Growth
Petra Diamonds said its fourth tender cycle of FY 2024 demonstrated robust growth in the market, selling 428,860 carats for $47.8 million, marking a 4.0% increase in like-for-like prices compared to Tender 3 FY...
De Beers Resumes Rough Auctions
De Beers is resuming its rough diamond auctions next week for the first time since last September.
The UK-based miner cancelled the online sales during its 9th and 10th sales cycles as demand slumped globally.
Al...
De Beers Rough Sales Slump to $200m
De Beers rough sales slumped to just $200m during cycle 8, the second lowest figure since it started reporting Sight totals in 2016.
The company responded by cancelling the online rough auctions, which account for...
IDEX Polished Price Index: Biggest Monthly Drop of 2024
The IDEX Polished Price Index fell by 2.00 per cent in June, its biggest and bumpiest drop this year, and its steepest monthly decline since last September (3.07 per cent). It's also almost double...
IGI Partners with Watch & Jewellery Initiative 2030
IGI GLOBAL (July, 2023) – The International Gemological Institute (IGI), the world’s largest independent gemological laboratory, has joined the Watch & Jewellery Initiative 2030 (WJI 2030) as a partner member. Founded in 2021 by...
Plenty of Room for Growth in China, says De Beers
Long-term demand for diamonds will increase in China, says De Beers, despite a slow recovery from Covid lockdowns and a decade of declining marriage numbers.
The bigger picture is that consumers in China currently account...
Noise Expands into the GCC Region with Lime Concepts Partnership
Indian smart accessories brand Noise has officially entered the Gulf Cooperation Council (GCC) region, marking a significant milestone in its global expansion strategy. The brand has teamed up with Lime Concepts to make its...
India’s Gem and Jewelry Industries Seeks Government Help
The Indian government is being urged to adopt a raft of measures to benefit its gem and jewelry industry, which has been badly hit by a global downturn in demand.
The GJEPC (Gem and Jewellery...
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