Petra Reduces Price Forecast Again Amid Market Weakness

Miner now expects rough from Finsch deposit to generate between $70 and $80 per carat, rather than the $80 to $90 it forecast in December.

FCRF Appoints Roy Safit as CEO 

New chief succeeds Miri Chen in the role.

Retailers Restock at Vicenzaoro January Amid Strong Gold Prices

Italian show sees robust attendance from leading companies, including Macy’s and Ben Bridge. 

Signet, Synthetics, and a Complex Holiday Season 

Poor results at the US’s largest diamond retailer reflected a fragmented and changing market rather than a crisis in consumer demand.

RapNet Launches Gemstone Trading Network in Collaboration with AGTA

Platform will officially launch at the AGTA Gem Fair in Tucson on February 3.

Luk Fook Sales Decline Slows Amid Move to Minimize Diamond Offerings 

Third-quarter revenue down 6% year on year, an improvement from first half.

Belgian Diamond Sector Seeks Government Support 

AWDC asks for help in procuring bank accounts, work visas and other assistance for international players.

Armed Robbers Kill Security Officer, Steal Diamonds at Namdia

Two suspects are still on the run, while one is in custody and another is dead.

Jameel Mohammed Wins Tiffany Jewelry Design Award 

Prize is $50,000 and one-year paid fellowship at retailer.

Jewelry Set to Shine at First Sotheby’s Auction in Saudi Arabia  

More than 100 items, including handbags, artwork, sports memorabilia and watches, will go under the hammer on February 8.

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