
Small Mines, with Big Diamonds
The diamond industry saw some significant developments come to fruition in the first quarter. These are my top five...
New CEO J.K. Symancyk unveiled a new strategy for the company that marks a sharp change in direction and stark difference in approach to his predecessor.
News In Brief
LVMH (EPA: MC) appointed Jean-Christophe Babin as CEO LVMH Watches, effective April 1...
Anglo American has begun talks with banks about listing De Beers in a public offering, while continuing to seek a buyer, Bloomberg reported...
S&P Global Ratings revised its economic outlook for Botswana as weak diamond demand and depressed prices will continue to suppress Botswana’s financial position...
Swarowksi’s jewelry sales grew 9% in 2024 as its lab-grown diamond segment more than doubled during the year...
Chow Sang Sang reported revenue fell 15% to HKD 21.18 billion ($2.72 billion) in 2024, while profit declined 21% to HKD 793.6 million ($102.1 million)...
Mountain Province Diamonds reported a net loss of $80.8 million in 2024, from a loss of $43.7 million the previous year...
Alrosa has placed two of its mining operations on care and maintenance, a move the Russian miner expects will cut costs by RUB 9 billion ($106 million)...
India’s polished exports fell 20% year on year to $1.36 billion in February...
Signet Jewelers unveiled a new strategy to brand the businesses in its portfolio, modernize its presentation, create stronger distinction between natural and lab-grown diamonds, and cut costs...
Signet Jewelers reported sales fell 6.5% to $6.7 billion in the fiscal year ending February 1. Net income dropped more than seven-fold to $61.2 million...