Lucara Sells World's Second-Largest Diamond
August 11, 26
Lucara has sold the world's second-largest diamond, the 2,488-carat Motswedi, for an undisclosed price. The sale was included in the Canadian miner's second-quarter results, which reported total revenue of $41.0 million for the three months ended June 30... Read More...
Export Optimism as IIJS Pulls in 50,000 Visitors
August 10, 26The IIJS Bharat-Premiere 2026 wrapped up in Mumbai on Sunday (9 August), against what was described as the "most favorable trade backdrop" the Indian gem and jewelry sector has ever seen. The world's second biggest B2B show (after JCK) drew more than... Read More...
Finsch to Close as Small Stone Prices Collapse
August 10, 26Petra Diamonds is to close its Finsch mine, in South Africa, blaming a collapse in demand for smaller rough. The decision follows the failure of a business-rescue process to find a viable way to restart mining. Creditors approved a plan on 7 August for the ... Read More...
Russia to Create "Europe's Largest Diamond Cutting Cluster"
August 10, 26ussia is to create what it describes as the largest cluster of diamond-cutting facilities in Europe, in a move aimed at retaining more value from its stones. The cluster will combine Alrosa's Kristall cutting plant in Smolensk with facilities in the Republic ... Read More...
Non-Bridal Sales Boost Brilliant Earth's Sales
August 09, 26Brilliant Earth's second-quarter sales rose 5.7% year on year to $115.1 million, as the U.S. jeweler benefited from higher average order values and continued growth in non-bridal fine jewelry. The result exceeded the company's guidance range, despite a 2.1% ... Read More...
Memo by John Jeffay
August 06Pop star announces engagement to an NFL quarterback on social media, shares a picture of her ring online and sparks a frenzy of speculation about the size, cut and price of the diamond. Sounds familiar? No, it's not Taylor Swift. This time it's... Read More...