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Diamond Minute

Small Mines, with Big Diamonds

The diamond industry saw some significant developments come to fruition in the first quarter. These are my top five...

Avi Krawitz

AVI KRAWITZ

Creator,

Consultant,

Publisher

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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...

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The Diamond Press is a leading platform for in-depth analysis, engaging storytelling and debate about the global diamond market from industry specialist Avi Krawitz.

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