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 ...

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 ...

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 ...

Swiss watch exports grew in January as a recovery in demand in the US and Japan outweighed a persistent lull in Hong Kong and China. Shipments of timepieces rose 4.1% to CHF 1.99 billion ($2.22 ...

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 ...

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, ...

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 ...

De Beers Jewellers has changed its name to De Beers London, as part of a rebrand that emphasizes its place in the high-end luxury market. The move also establishes a link to the company’s home city of ...

Revenue at Michael Hill fell 0.7% year on year in the first fiscal half as higher-value holiday gifts offset weak overall demand. Sales came to AUD 360.2 million ($229.1 million) for the six months ...

Zambia has repealed the 15% export duty on all previous gemstones and metals it reintroduced without warning only last month, amid uproar from the industry.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 ...

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 ...