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Diamond Industry Under Pressure Amid Slow Sales |
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1-carat RAPI down 3.6% in June.
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Alrosa to Spend $274M to Develop New Gold Deposit |
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Diamond miner’s Almazy Anabara segment acquired Polyus-owned site.
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Continued Market Weakness Hits Petra’s Rough Prices |
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Like for like down 3.8% in seventh tender compared to previous sale.
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Petra Expects 22% Rise in Output over Next Five Years |
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Production to total more than 3.4 million carats by fiscal 2029 amid mine expansions.
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Waning Consumer Sentiment Hits Hong Kong Luxury Sales |
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May spending was weak compared to previous year, when border had just reopened.
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Hong Kong Recovery Boosts Luk Fook Revenue, Profit |
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Sales up 28% year on year as gold demand soars.
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TSL Losses Deepen on Stagnant Diamond Demand |
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Hong Kong jeweler reports deficit of $47.9 million for full year.
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Signet-Owned Rental Service Revamps as Secondhand Jewelry Platform |
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Rocksbox nixes subscription model to make its product more accessible and increase customer base.
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Gem Diamonds Retrieves 123ct. Rough from Letšeng |
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Type II white diamond is eighth find over 100 carats since beginning of year.
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Bride Calls Off Wedding over Fake Diamond, and This Week’s Other News |
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Members of the editorial team pick their favorite pieces from the internet.
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