Weaker Product Mix Dents Petra’s Rough Prices 

Miner will cease reporting individual tender results due to fluctuations in diamond prices and demand.

Debswana Pauses Production at Some Mines Amid Weak Market 

Company reduces output guidance for the year by 16% to 15 million carats.

Reports: Indian Billionaire, Former CEOs Among Buyers Eyeing De Beers 

Ex-chiefs Gareth Penny and Bruce Cleaver looking to snap up miner, according to Reuters and Bloomberg.

Helzberg Diamonds Hit with Class Action for ‘Fake’ Discounting 

Plaintiff argues that consumers would not have purchased items if they’d known that markdowns had no time limit.

GIA Migrates Lab-Grown Terminology Away from That of Natural 

New description will no longer use color and clarity nomenclature.

‘Buy Now’ Mentality Buoys Jewelry Sales at Macy’s 

Customers purchased big-ticket items in first quarter ahead of possible tariff-related price changes, suggests CEO.

Diamonds in the Clear as Federal Trade Court Deems Majority of US Tariffs ‘Unlawful’ 

Three-judge panel said President Trump exceeded authority in issuing reciprocal levies.

35ct. Sapphire Ring Rakes In Nearly $10M at Christie’s 

Piece was top item at May 27 Hong Kong Magnificent Jewels sale.

US Tariff Fears Send Swiss Watch Exports Soaring 

Country’s shipments up 149% in April.

De Beers to Cut over 1,000 Jobs at Debswana Unit 

Botswana Mine Workers Union condemns President Duma Boko’s public announcement of layoffs.

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