The Fancy Color Research Foundation's Fancy Color Diamond Index slipped 0.1% in the second quarter, marking a second consecutive quarter of minimal movement and underscoring the stability of the fancy-color diamond market. Pink diamonds rose 0.1%, while yellow and blue diamonds declined 0.3% and 0.4%, respectively, with the overall index down just 0.5% from a year earlier, FCRF reported.

 

Michael Hill reported sales rose 2% year on year to AUD 654.7 million for the year ended June 28, driven by growth across all regions. Same-store sales increased 5% in Australia, 7% in Canada and 3.6% in New Zealand, while earnings before interest and tax (EBIT) is expected to reach AUD 22 million to AUD 24 million, up from AUD 15.3 million a year earlier.

 

Anglo American is still considering multiple bidders for De Beers, CEO Duncan Wanblad told reporters, rejecting claims that the company had selected a preferred consortium. Wanblad also ruled out a public listing, saying capital markets currently lack the capacity for such a deal, while adding there has been "some real traction" toward a trade sale. Anglo expects to provide an update in the second half of 2026.

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Trans Atlantic Gem Sales (TAGS) said demand for larger rough diamonds remained strong across its June and July tenders, with its sale of Angola specials generating $21.7 million from a 95% sell-through rate and prices exceeding expectations. The company's latest Dubai tender achieved more than 80% sell-through, generating $15.2 million, while Zimbabwe's Original tender sold out completely, although lower-quality goods continued to face pricing pressure.

 

Global gold jewelry demand fell 17% year on year to 278 metric tons in the second quarter, one of the weakest second-quarter performances on record, as high prices continued to curb affordability, the World Gold Council said. Despite lower volumes, the value of jewelry demand rose 22% to $86 billion in the first half as consumers shifted to lighter-weight products and lower-carat designs

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De Beers reported an underlying loss of $188 million in the first half, according to Anglo American's interim results, marking its fourth consecutive half-year deficit, although the loss narrowed 23% from a year earlier. Revenue fell 19% to $1.58 billion as rough diamond sales declined 23% to $1.31 billion, while other revenue increased 9% to $270 million. Anglo American said the sale of De Beers is progressing and that it expects to provide an update in the second half of the year.

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Petra Diamonds reported revenue of $206 million for the fiscal year ending June, in line with the previous year on a like-for-like basis, excluding the Williamson mine sold in fiscal 2025. Sales volume fell 3% to 2.3 million carats, while the average price increased 3% to $90 per carat, as the company continued its business rescue process for the Finsch mine.

 

Rio Tinto reported diamond revenue fell 27% year on year to $118 million in the first half of 2026 following the closure of its Diavik mine in Canada. Earnings before interest, taxes, depreciation and amortization (EBITDA) loss widened to $72 million from $55 million a year earlier.

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LVMH reported jewelry and watch revenue grew 3% year on year to EUR 5.23 billion ($5.94 billion) in the first half, making it the group's best-performing division. Recurring operating profit for the segment rose 9% to EUR 762 million ($866 million), with Tiffany & Co. delivering "excellent" results and Bulgari also posting strong growth. Group revenue fell 3% to EUR 38.64 billion ($43.93 billion), while net profit was unchanged at EUR 5.7 billion ($6.48 billion).​​