Valentine’s Day Jewelry Spending to Hit New High – NRF 

Consumers will shell out $6.5 billion on the category ahead of February 14.

Strong Average Price Lifts Gem Diamonds Full-Year Revenue  

Sales up 10% to $152.8 million in 2024.

Fancy-Color Price Index Declines in 2024 

Yellows fared worst, down 5.6%, while pinks performed the best, recording a 0.8% decrease.

Jewelry Sales Slip at LVMH Even as Overall Revenue Rebounds 

Full-year figure for category down 3%.

Ekati Rough Sales Fall as Buyers Shy Away from Lower-Quality Goods 

Revenue at Burgundy Diamond Mines down 39% to $101 million in fourth quarter.

Indian Diamond Supplier VD Global Forays into Sports Memorabilia 

Partnership with AthleteGEM is an effort to “reignite” desire for natural stones.

Weak Rough Prices Dent Mountain Province Sales 

Figure down 19% year on year to $72 per carat.

High Gold Prices, Outbound Tourism Weigh on Chow Tai Fook Sales 

Overall revenue down 14% year on year in fiscal third quarter.

Petra Offloads Williamson Mine Amid ‘Liquidity Challenges’ 

Company had previously sold just under 50% of deposit.

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.

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