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Rough
TAGS and Sodiam Sell $6.5M in Large Stones at Luanda Tender
Goods came from three Angolan mines, including first-timer Sangamina.
November 28, 2024
Leah Meirovich
Synthetics
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.
November 27, 2024
Leah Meirovich
Mining
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.
November 27, 2024
Leah Meirovich
Retail
Luk Fook Shutters 175 Shops as Slow Demand Persists
High gold prices weaken consumer sentiment and lead to revenue decrease of 27%.
November 26, 2024
Leah Meirovich
Mining
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.
November 26, 2024
Leah Meirovich
Marketing
Promo Picks: Readers Weigh In on Holiday Campaigns
Two prominent companies tied for first place while one received no votes at all.
November 26, 2024
Leah Meirovich
Retail
Macy’s Delays Results Amid Investigation into Employee ‘Hiding’ $154M
Individual intentionally made erroneous accounting entries for delivery expenses, company says.
November 26, 2024
Leah Meirovich
Mining
Gemfields Emerald Auction ‘Disappoints’ Amid Competition, Slow Demand
Higher-quality goods performed very well, while the miner held back other items.
November 25, 2024
Leah Meirovich
Auction
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.
November 25, 2024
Leah Meirovich
Retail
Luk Fook Warns First-Half Profit Down by 50%
High gold prices increased costs and impacted sales.
November 25, 2024
Leah Meirovich
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Featured
Russia Largest Rough Producer by Value in 2025 for Third Year
Country overtook Botswana in 2023.
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