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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

Zambia has repealed the 15% export duty on all previous gemstones and metals it reintroduced without warning only last month, amid uproar from the industry.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