Gemfields recorded a loss in 2024 amid a weak demand for gemstones, borrowing money to keep the business afloat. The miner expects to report a loss of $100.8 million for the year, compared with a loss ...

Christie’s will spotlight a 23.24-carat blue diamond with royal Indian provenance at its upcoming Geneva auction, where it is set to fetch up to $50 million. The pear-shaped Golconda Blue is the ...

Experts have predicted that the Golconda Blue could smash its high estimate to sell for as much as $100 million at Christie’s in Geneva, making it the most expensive diamond ever sold at auction. The ...

Sir Michael Hill will take a leave of absence from the jewelry company he created and runs to undergo treatment for cancer. Andrea Slingsby, who spent three years with the Australia-based jeweler from ...

The Israel Diamond Exchange (IDE) has suspended its membership in the World Federation of Diamond Bourses (WFDB), citing the global trade group’s “recent actions,” including its response to the US ...

Diamond Club West Coast (DCWC) has chosen its new executives, reelecting Kalpesh Jhaveri as president. The leadership team also comprises Mervyn Hahn and Sina Partownavid as co vice presidents, Sean ...

Production at Rio Tinto’s Diavik mine in Canada rose in the first quarter as the site returned to normal levels after temporarily halting production a year ago. Output grew 27% year on year to 942,000 ...

Signet Jewelers has told its suppliers it will not accept any financial obligation from tariffs to products for which it has current outstanding orders, or for future shipments that have already been ...

President Donald Trump has put a three-month hold on most of his recently announced reciprocal tariffs, lowering the rate to 10% for nearly all countries. At the same time, he has hiked the taxes on ...

The US’s bombshell announcement of import duties on the entire world has created panic in the diamond market. The last time the industry experienced anything like this was in March 2020, when Covid-19 ...

First-quarter sales at LVMH slipped amid a downturn in luxury as the market saw economic and political challenges, with jewelry the only category to record an increase. Revenue for the watch and ...

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