Watch and jewelry sales increased again during October as consumers embraced holiday season with a new enthusiasm. Sales were up 8.8 per cent on the same month in 2023, one of the biggest increases in over two years. The US Department of Commerce... Read More..

De Beers has reportedly lowered rough prices at its current sight in Gaborone, by as much as 15 per cent in some cases. It generally uses price cuts only as a last resort, and prefers to offer sight holders the right to refuse or sell back part of their allocation... Read More..

Antwerp and Angola have signed a memorandum of understanding (MoU) aimed at strengthening their diamond ties. Antwerp is hoping to win a bigger share of Angola's diamond exports, which are currently dominated by Dubai... Read More..

Trans Atlantic Gem Sales (TAGS) sold nine specials for over $6.5m in a tender for Sodiam, Angola's state-owned diamond trading company. It found buyers for all the +10.8cts good offered, all at above mines' reserve prices. The goods... Read More..

The IDEX Polished Price Index increased for the first time this year, as the industry showed early signs of a long-awaited recovery. The Index rose by 0.62 per cent in November, following on from a relatively modest drop of 0.81 per cent the.... Read More..

Prices appear, finally, to be turning a corner, largely in response to a squeeze on supplies. An increase in demand as we enter the holiday season is having some effect, but the primary reason is the relative scarcity of rough. De Beers is reckoned to have sold no... Read More..