Richemont and Signet "Could Buy Stake in De Beers"
October 15, 26
Richemont and Signet Jewelers are reported to be in talks about joining the Global Diamond Consortium (GDC), the preferred bidder for De Beers. Bloomberg News said today, October 15, that both groups were in talks with the consortium led by former ... Read More...
De Beers Auctions Return to Israel After Nine-Year Gap
October 15, 26De Beers Group Auctions has returned to the Israel Diamond Exchange (IDE) after a nine-year gap, allowing Israeli diamantaires to inspect the company's rough diamonds locally before bidding through its online sales platform. The diamonds were due to ... Read More...
LVMH Watch and Jewelry Sales Rise 6% as Bulgari, Tiffany Drive Growth
October 15, 26LVMH's Watches & Jewelry division recorded 6% organic sales growth in the third quarter of 2026, as strong demand for jewelry helped offset a slowdown in growth across the luxury group. Revenue from the division, which includes Tiffany & Co., Bulgari... Read More...
Botswana Closer than Ever to De Beers Deal
October 14, 26Botswana is reported to be closer thane ever to an agreement over the future ownership of De Beers, potentially clearing a major obstacle to the sale of the diamond miner by Anglo American. Bloomberg reported Tuesday (13 October), citing people ... Read More...
US Begins Limited Third Wave of Tariff Refunds
October 13, 26The US has begun a third phase of tariff refunds for diamond and jewelry importers, but it is limited to companies that sued the government over President Donald Trump's emergency tariffs and secured court orders for refunds. US Customs and... Read More...
Memo by John Jeffay
October 15Why would anyone invest millions of dollars reopening a diamond mine when other mines are closing, suspending operations or cutting production, when prices are weakening, when demand is under pressure, and when the outlook for the industry is, to say the... Read More...