Trans Atlantic Gem Sales (TAGS) and Angola’s Sodiam sold $12.9 million worth of rough diamonds at their third tender of the year. The event featured 44 diamonds over 10.8 carats, including two stones ...

Lucapa Diamond Company saw strong financial gains in the third quarter of 2024, with revenue from its Lulo mine increasing 86% to $16.9 million. The average price for rough from the Angola site nearly ...

Petra Diamonds’ rough prices fell on a like-for-like basis at its most recent tender amid ongoing softness in the market. The sale, which combined the miner’s delayed September tender with its October ...

De Beers will begin to provide country-of-origin information for all rough diamonds larger than 1.25 carats registered on its Tracr platform that are sourced from its company’s mines. Starting in 2025 ...

Swiss watch exports saw their steepest decline of the year in September as waning demand in China and Hong Kong outweighed modest gains in the US and Japan. Total outbound shipments fell 12% year on ...

De Beers’ GemFair program has purchased its 10,000th diamond since launching in 2018, the company announced last week, hailing it as a milestone in its efforts to promote responsible sourcing in the ...

De Beers and Signet Jewelers have launched a new marketing initiative to get today’s soon-to-be-engaged couples interested in natural diamonds. The campaign, named “Worth the Wait,” is the inaugural ...

The number of active US jewelry companies continued to shrink in the third quarter, but at a slower pace than a year ago, according to the latest data from the Jewelers Board of Trade (JBT). Some 158 ...

Sales at Hong Kong-based jeweler Luk Fook fell in the second fiscal quarter amid soaring gold prices that impacted consumer sentiment, and a continued downturn in diamond demand. Total sales slid 16% ...

Diamond production at Rio Tinto fell in the third quarter as unsafe terrain led the company to close its Diavik mine in Canada temporarily. Output from the mine fell 28% year on year to 542,000 carats ...

US holiday spending is expected to rise modestly compared to the previous year, amid a steady economy and strong job market. Retail sales in November and December will rise between 2.5% and 3.5% year ...

LVMH’s jewelry and watch sales fell in the third quarter as luxury demand in China slowed and Japan saw lower growth due to a strong yen. “Watch and jewelry [goods] are fairly resilient to ...