Taylor Swift’s vintage ring shines new light on diamond industry
Some in the battered diamond industry believe an unlikely figure, pop star Taylor Swift, may have done more to revive interest in natural diamonds than…
Alrosa
De Beers’ diamond sales plunge on slow Asian demand, restricted supply
Tough economic conditions in China and India cut rough diamond sales by De Beers by 80% from a year ago as the company continued to…
Diamond trade watchdog mulls fate of Russian gems
The Kimberley Process (KP), an international scheme that certifies rough diamond exports, is expected to decide this week whether Russian diamonds should be declared conflict…
De Beers names Equinor’s Cook as new CEO
De Beers, the world’s top diamond producer by value, has appointed oil and energy industry executive Al Cook as its new chief executive to replace Bruce Cleaver, who…
Alrosa nixes dividend as economic sanctions bite
The board of Russian diamond major Alrosa (MCX: ALRS) has suggested shareholders vote to receive no dividend for 2021 during the upcoming general meeting. Alrosa…
World’s top diamond miner Alrosa hit by US sanctions
Alrosa (MCX: ALRS), the world’s top diamond producer by output, has been hit by fresh sanctions imposed by the U.S. Department of the Treasury’s Office of Foreign…
De Beers latest sale shows demand remains strong
De Beers, the world’s top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period…
Alrosa suspends Natural Diamond Council membership
The affected by sanctions Russian diamond miner said it was doing “everything” needed to mitigate the impacts of the conflict on its clients and partners.
Strong diamond demand boosts Lucara revenue, Petra sales
Petra Diamonds (LSE: PDL) and Lucara Diamond (TSX: LUC) added evidence today that the global market has returned to pre-pandemic levels after posting a sharp…
De Beers boosts production to meet recovering demand
De Beers, the world’s top diamond producer by value, saw production jump in the last quarter of 2021 by 15% to 7.7 million carats, as…
Lucara says diamond market the “healthiest” in years
Canada’s Lucara Diamond (TSX: LUC) says the global market for roughs and diamond jewellery has reached a healthy balance thanks to supply improvements and fundamentals. The Vancouver-based…
Alrosa says global diamond sector “fully recovered” from pandemic hit
Alrosa, the world’s top diamond miner by output, says the industry has “fully recovered” from the Covid-19 pandemic as a structural production decline paired with…