How lab-grown diamonds could solve ethical and price problems to be next crown jewel Retail Petra Diamonds share price took a three per cent tumble on Friday morning, following news that the number of rough diamonds it sold slumped by 33 per cent. Adjusted profit before tax also fell by a whopping 95 per cent $8.3m (£6.7m), driven by a drive decline in total diamond production. The FTSE 250 company [...]
Will the mined diamonds industry collapse due to lab-grown gems? Some say it ‘already has’ Diamonds Around 90 per cent of people choosing an engagement ring at London Diamonds in the last two years have chosen lab grown
How Petra Diamonds plan to use tech to battle rise of lab-grown alternatives commodities Blockchain technology could help diamond sellers confirm the emissions footprint and the quality of working conditions at their mines.
Slumping profits, massive writedowns and a crumbling valuation – what’s happening with Anglo American? February 26, 2024 Anglo American is struggling from falling diamond and platium prices as well as instability in South Africa.
After a decade of vintage reissues watch brands are taking risks April 19, 2024 Everyone’s been taking a trip down memory lane with vintage reissues – until the last couple of years, that is
De Beers sales dip adds to Anglo American woes January 31, 2024 Sales at South African-British diamond merchant De Beers have fallen, the firm reported today, adding to the woes of its owner Anglo American.
De Beers records highest diamond sales since April as 2020 looks brighter January 29, 2020 De Beers, the diamond mining arm of Anglo American, recorded its highest sales of the gems since April last year in signs that the global market is beginning to recover from a nightmare 2019. The firm, which was taken over by Anglo in 2011, sold $545m (£418.7m) in rough diamonds in its first cycle of [...]
Gem Diamonds sees revenue jump 41 per cent amid hopes of upturn February 13, 2020 Gem Diamonds saw its revenue increase 41 per cent today after a hike in the price of the precious stones had producers optimistic of a better 2020 for the troubled market. The miner, which has operations in Lesotho, said revenue hit $51.3m (£39.5m), up from $36.3m in the previous quarter. A 21 per cent rise [...]
De Beers ends difficult 2019 with sales rise December 18, 2019 Anglo American-owned diamond specialists De Beers said that the value of rough diamond sales rose to $425m (£324.5m) in the tenth cycle of 2019. The sales marked a $25m improvement on cycle nine in November, which in turn had the highest levels since June. Read more: De Beers diamond sales improve despite market challenges However, [...]
Petra Diamonds revenue falls but glimmers of hope remain January 27, 2020 Precious stone miner Petra Diamonds said that its revenue fell six per cent in the first half of the financial year due to slowing demand in Asian markets. The firm sold 1.7m carats for $193.9m (£148.5m) in the period, compared to $207.1m in the same period in 2019. Anti-government protests in Hong Kong, as well [...]