Chow Tai Fook (CTF), the jewelry chain with 7,500 stores across mainland China, posted a 21 per cent plunge in retail sales value (RSV) in the three months to 30 September, as gold prices hit an all-time high. The Hong Kong-based company warned that interim profits for the half year to September could fall by … Read more
Gem Diamonds shows a 212.91 carat stone recovered in September.
Petra reported a revenue slump for Q1 2025 after deferring the sale of almost all its South African goods because of persistent weak demand.
De Beers’ diamond production fell by 25 per cent during the quarter ending 30 September, and could fall even further.
De Beers says it will, for the first time, disclose the country of its diamonds’ origins – Botswana, Namibia, South Africa, or Canada.
UK miner Vast Resources appears to have finally secured the release of a parcel
Lucapa Diamond and Petra Diamonds provided a glimmer of hope for the precious gemstones market on Tuesday by posting stronger revenues and production figures, signalling a potential recovery in the depressed diamond market.
LVMH saw revenue from its watch and jewelry division slip by 5 per cent during the first nine months of 2024 to $8.2bn. Across all its 75 maisons the French luxury conglomerate reported a 2 per cent dip for the same period, to $66.1bn. LVMH said it had shown “good resilience” and that it remained … Read more
Russia’s Finance Ministry is considering new purchases of rough diamonds from Alrosa for the State Precious Metals and Gemstones Repository (Gokhran) in 2025, Deputy Finance Minister Alexei Moiseyev told reporters on the sidelines of the Moscow Financial Forum. “We are considering this possibility,” Moiseyev said in response to possibly resuming purchases. “In order to allow … Read more
The Indian government is facing calls to adopt US guidelines to distinguish lab growns from natural diamonds. The 10,000-member GJEPC (Gems and Jewellery Export Promotion Council) says there is widespread confusion in the way diamonds are marketed and advertised. It says India should adopt the US Federal Trade Commission (FTC) guidelines, which say there must … Read more