Mining operations have restarted at the Lulo mine in Angola following the peaceful resolution of a blockade by local community leaders. Lucapa Diamond Company, which holds a 40% interest in the mine, ...

Anglo American, De Beers’ parent company, has reduced the miner’s book value by $2.88 billion amid weak diamond demand. Meanwhile, De Beers’ rough-price index, which reflects like-for-like values, ...

Rio Tinto’s diamond business incurred a loss in 2024 as the global market slowdown hit the mining conglomerate. Revenue fell 37% to $279 million for the 12 months, leading to an underlying loss of ...

The US subsidiary of Brink’s has agreed to pay $42 million over three years as part of agreements with two government entities to resolve money-laundering investigations. The DOJ agreement settles ...

Zambia has repealed the 15% export duty on all previous gemstones and metals it reintroduced without warning only last month, amid uproar from the industry. The levy, which had not been in effect ...

De Beers and the Botswana government have concluded their negotiations over a new sales agreement for rough diamonds after more than five years of discussions. They haven’t signed yet: Bogolo ...

After nearly five years at the helm of De Beers’ jewelry business, Céline Assimon will leave the company at the end of the month. Assimon left Swiss luxury jeweler De Grisogono to join the miner as ...

Importers will not need to submit proof of a diamond’s country of mining when registering shipments to the US but should keep the right documentation for inspection, according to guidance the Jewelers ...

Kirit Bhansali will become chair of the Gem & Jewellery Export Promotion Council (GJEPC), where he intends to advance his vision of transformative growth for India’s diamond industry. Bhansali — who ...

“You’re going to have a very hard time marketing purely through tradition,” were the first words I heard when I spoke to Dave Marcotte about what the natural-diamond industry needs to do to appeal to ...

Revenue at Indian diamond manufacturer Asian Star dipped slightly in the third fiscal quarter as a decline in diamond sales outweighed strong purchases of gold jewelry. Revenue on a consolidated basis ...

Revenue at Petra Diamonds fell in the first fiscal half amid a sluggish market and a weak comparison with the same period a year ago, when the miner sold extra goods it had deferred. Sales dropped 30% ...