TAGS and Sodiam Sell $6.5M in Large Stones at Luanda Tender 

Goods came from three Angolan mines, including first-timer Sangamina.

McKinsey Sees Huge Future Impact on Market from Lab-Grown

Falling prices could take synthetics out of competition with natural, but could also turn sentiment against all diamonds.

Gokhran Bails Out Alrosa with Purchase of Diamond Parcel 

Miner will deliver the batch, which includes gem-quality rough in various colors and sizes, by end of year.

Luk Fook Shutters 175 Shops as Slow Demand Persists 

High gold prices weaken consumer sentiment and lead to revenue decrease of 27%.

Lucapa Looks to Form Partnerships to Help Fund $16M Merlin Project 

Two-phase operation set to yield up to 314,000 carats and revenue of $159.8 million.

Promo Picks: Readers Weigh In on Holiday Campaigns

Two prominent companies tied for first place while one received no votes at all.

Macy’s Delays Results Amid Investigation into Employee ‘Hiding’ $154M 

Individual intentionally made erroneous accounting entries for delivery expenses, company says.

Gemfields Emerald Auction ‘Disappoints’ Amid Competition, Slow Demand 

Higher-quality goods performed very well, while the miner held back other items.

Phillips Shines Spotlight on 43ct. Yellow Diamond 

Ring will lead auction house’s December 13 sale in New York, where it is expected to bring in up to $850,000.

Luk Fook Warns First-Half Profit Down by 50%

High gold prices increased costs and impacted sales.

Featured