Revenue at Mountain Province fell in 2024 as a slowdown in demand resulted in weak rough prices. Sales of rough from the Gahcho Kué mine in Canada fell 20% to $195.2 million last year amid a ...

De Beers has chosen Botswana’s first Olympic gold medalist, Letsile Tebogo, as its global ambassador. Tebogo will lead an initiative that honors Botswana’s diamond heritage through a collaboration ...

Retail sales at Hong Kong-based jeweler Chow Tai Fook fell in the third fiscal quarter amid overseas spending and continued high gold prices that dented consumer sentiment. Sales at the company ...

Sales at Michael Hill slipped in the first fiscal half as weakness in the New Zealand market outweighed holiday gains in Australia and Canada. Revenue for the six months that ended December 29 fell 1% ...

Diamond producers are adapting to lower rough demand in the long term as the industry’s approach to inventory has changed, consultant Eyal Axelrod said on a special video episode of the Rapaport ...

The Indian government will allow companies to import a portion of natural polished diamonds under 0.25 carats free of duty under a program that went into effect this week. The Diamond Imprest ...

Industry veteran Dev Shetty has launched a new auction house for high-value gemstones that aims to bridge the gap between owners and buyers. Dubai-based Jemora Gemhouse will feature stones certified ...

Lesotho has launched a manufacturing association with the goal of keeping more diamond value within the country. The Lesotho Diamond Manufacturers Association (LDMA), the first of its kind in the ...

Poor results at the US’s largest diamond retailer reflected a fragmented and changing market rather than a crisis in consumer demand. Signet Jewelers’ disappointing holiday results had a dampening ...

The personal luxury-goods market experienced its first decline in 15 years, slipping 2% to EUR 363 billion ($377.47 billion), according to Bain & Company’s latest luxury study. “Global luxury ...

Petra Diamonds has reduced its rough-pricing forecast for the remainder of the fiscal year for the second time in two months as market weakness persists. The miner now expects rough from its Finsch ...

Two people have died in an armed heist in which robbers stole diamonds from Namdia Desert Diamonds, a sales and marketing company the Namibian government owns. Intruders broke into the Namdia premises ...