- The Antwerp World Diamond Centre (AWDC) has reacted angrily to what it calls a "shocking" newspaper report that suggests Belgium's diamond industry is not committed to combating money laundering. It says the article, published last …
- Hublot has launched its latest collaboration with tattoo artist Maxime Plescia-Buchi – an all-black watch set with 180 black diamonds (2.4 carats approx.). The Spirit of Big Bang Sang Bleu All Black Pavé comes as a limited edition of 200, priced at $51,000…
- Petra saw like-for-like prices drop by 7 per cent at its last tender of 2024, and has cut its pricing assumptions for next year amid "prevailing market weakness". The UK-based miner also announced an unspecified number of job losses and…
- Tiffany & Co paid a record $1.97m for a gold pocket watch it made in 1912, and which was gifted to the captain of a ship that rescued more than 700 passengers and crew from the Titanic. The watch was sold by UK auction house Henry Aldridge …
- Alrosa says production during 2024 slipped by 4.6 per cent as G7 sanctions took effect and the global slowdown persisted. But the state-controlled Russian miner insists it has no plans to reduce future production volumes. Alrosa will have produced 33m…
- Swiss watches exports suffered another drop during November, down by 3.8 per cent as sales fell yet again in China and Hong Kong. The US was the only one of the top 10 markets to post an increase during the month (up 4.7 per cent), according to…
- Lucara has announced a name for its 2,488-carat diamond – the world's second biggest – which was recovered in Botswana in August. It will be known as Motswedi, which means a water spring or the flow of underground water that emerges to the…
- The US-based Diamond Foundry is to receive $85m of European Union cash to fund the building of its new lab grown factory in western Spain. The EU said the grant, agreed earlier but only now formally announced, would have an incentive…
- Bharat Diamond Bourse (BDB) hosted a session on the latest developments and challenges in distinguishing lab growns from natural diamonds, as part of its ongoing Leadership Series. Dr. Wuyi Wang, vice president of research and development at GIA…
- A "toi et moi" ring featuring a 3.61 carat fancy vivid yellow, internally flawless, pear-shaped diamond sold for $254,000 at the Phillips New York Jewels Auction. It beat its low estimate of $240,000 but fell short of its $300,000 high estimate. The platinum…
- Luk Fook reported a 27 per cent slump in its half-year revenue and the closure of 175 of its 3,500-plus retail jewelry stores amid a surge in gold prices and weak consumer demand. Earnings for the six months to 30 September were down to …
- De Beers Group CEO Al Cook highlighted the changing nature of marriage at the Facets 2024 conference in Antwerp. "As marriage ages go up, people increasingly look to recognize that marriage is no longer boy meets girl," he said…
- Paris-based jeweler Marie Lichtenberg is beating the counterfeiters – by creating low-priced versions of her own high-end creations. Last year her company launched "authentic copies" of its Raiz'in lockets – similar in design but using…
- Richemont, the Swiss luxury goods conglomerate, reported a 2 per cent increase in half-yearly revenue from its Cartier, Van Cleef & Arpels and Buccellati jewelry maisons (at actual exchange rates). But sales from its eight watch brands…
- Chow Tai Fook (CTF), the jewelry chain with 7,500 stores across mainland China, posted a 21 per cent plunge in retail sales value (RSV) in the three months to 30 September, as gold prices hit an all-time high. The Hong Kong-based…
- Petra saw like-for-like prices drop by 7 per cent at its last tender of 2024, and has cut its pricing assumptions for next year amid "prevailing market weakness". The UK-based miner also announced an unspecified number of job losses and…
- Alrosa says production during 2024 slipped by 4.6 per cent as G7 sanctions took effect and the global slowdown persisted. But the state-controlled Russian miner insists it has no plans to reduce future production volumes. Alrosa will have produced 33m…
- Lucara has announced a name for its 2,488-carat diamond – the world's second biggest – which was recovered in Botswana in August. It will be known as Motswedi, which means a water spring or the flow of underground water that emerges to the…
- Burgundy Diamond Mines reported an increase in prices but a dip in revenue from its Ekati mine, in Canada, during Q4. Sales held in October and December raised $47m and $46m respectively (total $93m) the Australia-based company said today…
- Botswana is braced for its worst economic downturn since the Covid crisis, amid the ongoing slump in demand for diamonds. Finance Minister Ndaba Gaolathe this week warned that it could contract by 1.7 per cent this year as a direct result …
- A 19.22 carat diamond, recovered from a shallow mine by a part-time digger in India's Panna district, sold at auction for $111,000 (Rs 93,79,360). It was one of 29 diamonds sold by the Panna Diamond Office, as part of a deal in which farmers…
- Competition and friendship in the diamond industry can and should go hand in hand, says Karen Rentmeesters, new CEO at Antwerp World Diamond Centre (AWDC). "In Flemish we call it 'comlegas'," she tells IDEX Online in an exclusive…
- Lucara is predicting an increase in revenue next year, after it lowered its 2024 guidance. The Canadian miner is forecasting 2025 revenue of $195m to $225m, from the sale of 400,000 to 420,000 carats. Last month it lowered its full-year revenue …
- India is renewing calls for its own G7 diamond verification center, in addition to Antwerp and, as of next year, Botswana. There has been near-universal opposition within the industry to Antwerp as the sole verification point. All rough diamond….
- De Beers has reportedly lowered rough prices at its current sight in Gaborone, by as much as 15 per cent in some cases. It generally uses price cuts only as a last resort, and prefers to offer sight holders the right to refuse or sell back part of their allocation…