Antwerp-based diamond supplier Choron Group has agreed to acquire AMC Group, a De Beers sightholder, in a rare case of consolidation in the diamond trade. Choron will integrate AMC’s manufacturing ...

Lucapa Diamond Company is set to take on a majority stake in the Lulo mine at the beginning of 2025, providing it with increased exploration capability. The company is currently in talks with the ...

Tiffany & Co. has forgiven about 50% of a loan it gave Canadian diamond miner Diamcor, as lower demand for its rough impacted the company’s ability to repay. The Canadian mining company will pay ...

Gemfields plans to curtail many of its business operations and cut jobs as it struggles with the market downturn and other issues affecting its bottom line. The company will suspend all mining at its ...

In the coming year, Chow Tai Fook plans to introduce collections made purely from recycled precious metals, making it the first Chinese jewelry brand to do so, according to the company. The move comes ...

The US Department of State has granted nonprofit group Pact new funding to expand its work in the artisanal and small-scale gold mining (ASGM) sector in Africa. Pact will use the money to reduce ...

Petra Diamonds has reduced its rough-pricing forecast for the remainder of the fiscal year as it grapples with continued weakness across most of its size categories. The miner now expects prices for ...

The New York Magnificent Jewels sales at Sotheby’s and Christie’s featured some eye-catching diamonds and gemstones that fetched millions of dollars. We look at the top-grossing lots from those ...

Manufacturing Jewelers & Suppliers of America (MJSA) has elected Edward DeCristofaro as its new board chair. DeCristofaro, who is president of jewelry manufacturer LDC, first held the position between ...

Alrosa’s output for the full year dropped 4.6% from 2023 as it cut back amid sanctions, waning demand and depressed rough prices. The Russian miner produced 33 million carats for the year, down from ...

The European Union has given the green light for a grant of EUR 81 million ($84 million) to support Diamond Foundry’s establishment of a facility in Spain that will produce rough for industrial ...

Swiss watch exports experienced a further decline in November as economic challenges persisted across key markets. Shipments of watches fell 3.8% to CHF 2.41 billion ($2.68 billion) for the month, the ...