Lucapa Enjoys Revenue Boost as Diamond Prices Rise

Third-quarter sales for Lulo mine up 86% at $16.9 million.

Petra Notes Continued Price Weakness for Rough Diamonds 

Like-for-like values down 9% at first two tenders of fiscal year.

TAGS and Sodiam Generate $13 Million at Luanda Tender

Sale exceeds expectations, with 95% of goods sold

De Beers to Disclose Country of Origin for 1.25ct.-Plus Diamonds

Company makes positive step toward increasing transparency.

Swiss Watch Exports Drop Sharply in September

Shipments fell significantly in China and Hong Kong, while US and Japan saw modest growth.

De Beers and Signet to Launch Category-Marketing Campaign   

Initiative focuses on the connection between natural diamonds and personal milestones.

De Beers’ GemFair Marks 10,000th Diamond Purchase

Program supporting artisanal miners has seen 68% sales growth so far this year.

Surging Gold Prices Dent Luk Fook Revenue

29% rise in metal’s value hurt second-quarter sales, as did failing diamond demand.

Shuttering of US Jewelry Companies Slows

Only 158 businesses closed in third quarter, compared to 171 in 2023.

Mining Challenges Impact Rio Tinto Output

July shutdown of Diavik deposit due to unstable ground dented company's rough production.

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