Newsroom

De Beers Sale: Ex-CEO's Consortium is Frontrunner

July 20, 26 by John Jeffay

Anglo American has selected a preferred bidder for De Beers, its loss-making diamond division. The Global Diamond Consortium, led by former De Beers CEO Gareth Penny, has emerged as the frontrunner, ahead of two other shortlisted bidders that have... Read More...

Watches of Switzerland Profits Leap 76%

July 20, 26 by John Jeffay

Watches of Switzerland (WoS) saw a leap in statutory pre‑tax annual profits of 76%, up to £133 million (USD 170 million) amid growing speculation of a possible buyout by private equity funds and strategic bidders. The UK-based company... Read More...

21% Surge in Richemont Jewelry Sales

July 20, 26 by John Jeffay

Richemont's jewelry sales surged by 21% (at actual exchange rates, 24% at constant) in the three months to 30 June, as demand for high-end items remained strong. The Swiss luxury conglomerate said its four jewelry maisons - Buccellati, Cartier, Van Cleef ... Read More...

Natural Diamond Advocate Launches Lab Grown Collections

July 20, 26 by John Jeffay

Stephanie Gottlieb, a long-time advocate of natural diamonds, has launched her first collections of lab grown jewelry. But she maintains there's still a huge divide between natural diamonds (forever) and lab growns (for right now). Gottlieb, who opened... Read More...

Lucara Recovers its 10th Diamond over 1,000cts

July 19, 26 by John Jeffay

Lucara has recovered a 1,305.4 carat diamond from its Karowe mine, in Botswana - its 10th stone over 1,000 carats since full-scale open‑pit mining started in 2012. The diamond was unbroken, thanks to the Mega Diamond Recovery (MDR) X-ray ... Read More...

Idex July 2026 Price Report

July 14, 26 by Erez Jacob Rivlin

Pre-holiday trading showed stable to slightly higher demand in the U.S. and Europe. The Chinese market is showing initial signs of recovery, although consumer demand remains focused on non-set gold jewelry. Read More...

De Beers to Pause Production at Venetia Mine for Two Years

July 12, 26 by Erez Jacob Rivlin

The move is part of Origins, the cost-reduction and business reorganization strategy that De Beers launched in 2024. In a press release issued today, the company said the strategy aims "to reduce costs, divest non-core assets and prioritize investment in activities that create the most value." Read More...

Idex Research: 1-Carat Diamonds Lost 3.5 Times More Value Than 5-Carat Stones Over Five Years

July 08, 26 by Erez Jacob Rivlin

Looking at the market over a five-year period removes the distortions created by the COVID-19 buying boom. During this period, 1-carat diamonds lost 47.5% of their value, compared with a decline of just 13.6% for 5-carat diamonds. The 1-carat price index includes round diamonds weighing 1.00 to 1.49 carats, in the D-K color range and IF to I1 clarities. The 5-carat category includes round diamonds weighing 5.00 to 5.99 carats, in the D-J color range and IF to SI2 clarities. Read More...

Idex Research: Rise in Chow Tai Fook's Gem-Set Jewelry Sales

July 08, 26 by Erez Jacob Rivlin

Idex research indicates a consistent increase in the share of gem-set jewelry sales at Chow Tai Fook since FY2024. Gold jewelry remained by far the largest product category in Chow Tai Fook's portfolio, accounting for 80.8% of the Group's retail sales value in Mainland China during the second quarter of FY2026. Read More...

Jewelers of America Announces Impact Initiative Recipients

July 08, 26 by Erez Jacob Rivlin

Jewelers of America (JA), the national trade association representing businesses across the U.S. fine jewelry marketplace, has announced the recipients of its Jewelers of America Impact Initiative. Read More...

Jewelers Mutual Group Acquires Canada's CJB Insurance Services

July 08, 26 by Erez Jacob Rivlin

41st World Diamond Congress to Open Next Week in Singapore

July 07, 26 by Erez Jacob Rivlin

Small Diamond Miners Turn to Gold

July 06, 26 by Erez Jacob Rivlin

ICA's New CEO Faces Insdustry Challenges

June 29, 26 by Erez Jacob Rivlin

Milestone Tender Opens Market to DRC Miners

June 18, 26 by John Jeffay

Record Profits for Chow Tai Fook

June 18, 26 by John Jeffay

Employee "Stole and Pawned $150,000 of Jewelry"

June 18, 26 by John Jeffay

De Beers Sale could be "Weeks Away" says CEO

June 17, 26 by John Jeffay

Memo by Erez Jacob Rivlin

July 06

De Beers' historic sale is around the corner, and the entire industry is holding its breath. Will the new owners manage to become the new "Oppenheimers" and restore glory to natural diamonds?  Read More...