The global diamond industry is experiencing its deepest crisis in history. The sharp decline in demand and polished-diamond prices, which began in late 2022 and intensified throughout 2023 and 2024, ...

The Emirati city’s central location and favorable business conditions have helped push it to prominence as a trading center. Amid the frantic schedule of Dubai Diamond Week in November, executives of ...

The runaway success of Chemena Kamali’s debut as fashion house Chloe’s creative director last year coincided with a revival of boho-chic clothing and jewelry. Chloe’s lacy lingerie dresses, chiffon ...

Botswana President Duma Boko announced that the country was close to finalizing a new agreement with De Beers, with only a few minor issues left to resolve. Speaking to Reuters at the World Economic ...

Prices of fancy-color diamonds fell 2.2% in 2024, as a downturn in luxury and socioeconomic uncertainties slowed demand, according to the Fancy Color Research Foundation (FCRF). Yellow fancy-colored ...

Botswana has reached a diamond extraction and sales agreement with De Beers, marking a crucial step toward securing the future of its gem-driven economy. The parties secured the conditions of the deal ...

The Rapaport Group is moving proactively into the luxury jewelry sector and is establishing an exclusive Rapaport Luxury Group that will promote the sale of high-quality diamonds and jewelry to select ...

Gem Diamonds’ revenue grew in 2024 as the miner recovered a greater proportion of large stones, which led to a rise in the average price. Sales from the company’s Letšeng mine in Lesotho increased 10% ...

Sales of jewelry and watches at LVMH fell in 2024 as the downturn in luxury persisted, though demand strengthened in the latter part of the year. Revenue from the segment slipped 3% to EUR 10.58 ...

Diamond prices have gone up and down through the decades. Recent years have seen increasing turmoil and fluctuation in prices due to the impact of synthetics, the Covid-19 pandemic, a slowdown in ...

The news at last week’s De Beers sight was what soccer fans might call “off the pitch.” The sale itself was uneventful. The miner left rough prices unchanged at the first cycle of the year after ...

Renowned for its iconic “A Diamond Is Forever” campaign, De Beers has been a cornerstone of the diamond industry for decades. The South African-British corporation, a subsidiary of Anglo American, is ...