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Diamond Minute

Small Mines, with Big Diamonds

President Donald Trump's sweeping tariffs on imports to the United States has already had a profound impact on the diamond trade. But, what will be the short- and- long-term implications of the move?

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

Rough diamond sales at De Beers fell 44% year on year to $520 million in the first quarter, Anglo American reported...

 

Jewelry stood out as a growth segment as Kering Group saw sales decline 14% to EUR 3.88 billion ($4.42 billion)...

The Government of Northwest Territories in Canada will provide targeted relief and support for diamond miners in the region amid growing financial pressure and industry-wide uncertainty...

 

International Gemological Institute (IGI) reported revenue rose 10% year on year to INR 3.05 billion ($35.7 million) and profit grew 12% to INR 1.41 billion ($16.5 million) in the first quarter…

 

Bulgari expanded its jewelry-manufacturing facility in Valenza, Italy, from 14,000 to 33,000 square meters…

GCAL by Sarine appointed Avi Levy as its chief growth officer responsible for expanding the group’s retail and brand relationships, and scaling operations…

 

Luk Fook Holdings reported retail sales fell 2% year on year in the fiscal fourth quarter ending March 31…

 

The Diamond Club of West Coast elected Kalpesh Jhaveri to his second term as president…

Christie’s will offer The Golconda Blue at its Magnificent Jewels sale in Geneva on May 14, with many expecting the stone to exceed its $50 million pre-sale valuation…

 

Watches and jewelry sales at LVMH grew 1% year on year to EUR 2.48 billion during the first quarter of 2025…

 

The average spend on a piece of bridal jewelry was $5,493, according to a 2025 survey by The Plumb Club, a 2% increase from its previous study in 2023...

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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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