Alrosa’s profit and revenue fell in 2024 as sanctions on Russian diamonds and weak market demand for rough hit its bottom line. The company reported profit of RUB 19.25 billion ($215.3 million) for ...

Hong Kong’s retail sales fell in January amid a slowdown in demand for luxury goods in the municipality and a change in the timing of the Lunar New Year. Revenue from jewelry, watches, clocks and ...

Michael Hill CEO Daniel Bracken died suddenly on Wednesday at the age of 57 after an adverse reaction to medical treatment for an underlying condition. Bracken joined the Australia-based jeweler in ...

February 26, 2025, Las Vegas… RapNet, the world’s largest online marketplace for diamonds, gems and jewelry, has partnered with Del Gatto Finance Fund, the largest non-bank lender to the global ...

Rio Tinto’s Argyle Pink Diamonds brand is partnering with the West Australian Ballet to grant scholarships to gifted dancers. The Rio Tinto brand will launch the Rare Gem collaboration together with ...

The Responsible Jewellery Council (RJC) has created a new standard for lab-grown diamonds and gemstones that outlines ethical practices for those in the industry. The Laboratory Grown Material ...

The European Union has postponed the mandatory traceability mechanism for enforcing Russian-diamond sanctions to January 1, 2026. “Addressing governance issues associated with the traceability system ...

Sarine Technologies’ sales fell last year amid a persistent oversupply in the midstream and weak demand, which dampened diamond-manufacturing activities. Revenue fell 9% to $39.2 million for 2024, the ...

Upscale retailers had a strong holiday season amid growth in top earners’ spending, though they remain hesitant about investing in diamond inventory. The Centurion Jewelry Show in Phoenix, Arizona, is ...

Gemfields held a mini auction to sell emeralds from its Kagem mine in Zambia that had not found buyers at a previous sale due to direct competition with another producer that was offering similar ...

De Beers Group has introduced its DiamondProof device at select retail stores, enabling fast verification of natural diamonds. DiamondProof distinguishes natural diamonds from lab-grown ones and ...

Lucara Diamond Corp.’s revenue rebounded in 2024 amid the sale of two massive rough stones from its Karowe mine in Botswana, which together went for $54 million. Revenue for the year rose 18% to ...