Lab-grown diamonds are an inflection point for luxury Opinion Lab-grown diamonds are chemically, physically, and optically identical to mined stones and they’re going to disrupt an entire industry, says Nathalie Morrison I spent much of my career in rooms where value was measured in basis points, not brilliance. As the youngest senior client partner at Coutts at 26, I advised clients on wealth management, [...]
Gem Diamonds reports revenue jump despite plummeting demand for mined stones Commodities Mining company Gem Diamonds has reported a strong start to its financial year after uncovering eight diamonds over 100 carats in the first six months of 2024. The London-listed firm, which mines in the Maluti Mountains of Lesotho, said the high-carat finds had helped its revenue soar to $77.9m (£60.8m) compared to $71.6m (£55.9m) in [...]
Diamond glut sees London-listed miner Anglo American cut gem production Business London-listed miner Anglo American said it decreased diamond production through the first quarter by almost one quarter.
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.