Hong Kong Recovery Boosts Luk Fook Revenue, Profit June 30, 2024 Sales up 28% year on year as gold demand soars. Retail
Dev Shetty Steps Down as Fura Gems CEO June 30, 2024 Board of directors will oversee all decisions until position is filled. Gemstones
Petra Expects 22% Rise in Output over Next Five Years June 30, 2024 Production to total more than 3.4 million carats by fiscal 2029 amid mine expansions. Mining
A Massive Synthetics Wedding, and This Week’s Other News June 27, 2024 Members of the editorial team pick their favorite pieces from the internet. Industry
20 Suspects Ransack Jewelry Store During Robbery June 26, 2024 California police have so far arrested five connected to heist. Industry
De Beers Sales Slide as Market Weakness Persists June 26, 2024 Revenue from fifth sight down 18% from last cycle and 31% year on year. Rough
Christie’s Rakes in $11M at Paris Auction June 26, 2024 14-carat Colombian emerald is top seller, more than doubling high estimate. Auction
Luk Fook Expects Boost in Full-Year Profit June 25, 2024 Earnings anticipated to increase between 30% to 40% compared to prior period. Retail
Lucapa Finds Buyer for Mothae Deposit June 25, 2024 Lesotho-based Lephema Executive Transport, which has provided long-term mining services for the site, will purchase 70% stake. Mining
EU Adds Key Exemptions to Russian Diamond Sanctions June 24, 2024 Bloc extends “sunrise period” by six months, introduces “grandfathering” clause. Legal