Manufacturers

Peggy Grosz leaves Assael

Peggy Grosz, senior vice president and creative director of Assael Inc, has left the company following its recent sale to a group of industry individuals. She announced she will be pursuing new design and product development challenges following a short hiatus. Grosz joined Assael in 2017, reviving the 78-year-old legacy…

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AG Group announces in-house assay office

Allied Gold and Brown and Newirth owner AG Group has announced that it has opened an in-house assay office at its group headquarters. The move follows a historic agreement with the Sheffield Assay Office, marking the first-ever fine jewellery manufacturing Sheffield sub-office. The partnership has received full approval from the…

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De Beers production drops 25% in Q3

De Beers Group has recorded a 25% decrease in production to 5.6 million carats in the third quarter. The company attributed the drop to prolonged periods of lower demand, higher than normal levels of inventory in the midstream and a continued focus on managing working capital. In Botswana, production decreased…

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Gem Diamonds revenues rise to $42.7m in Q3

Gem Diamonds has seen its revenues surge to $42.7m (£32.8m) in Q3 2024 compared with $34.8m (£26.78m) in Q2 2024, as it sold 25,617 carat diamonds. It also revealed that the average price per carat also improved, rising to $1,603 (£1,233.5) from $1,424 (£1,095.7) in the prior three months. The…

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Petra Diamonds revenues drop 76% despite rise in production

Petra Diamonds has reported a 76% drop in revenues to $23m (£17.74m) in Q1 FY2025 from $113m (£87.16m) the prior quarter despite a 7% increase in diamond production to 679,625 carats from 636,743 carats in the prior period. The group stated that business was impacted by the deferral of the…

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Connoisseurs launches three new diamond care essentials

Connoisseurs has announced the launch of its new Diamond Care Essentials line. The new collection includes three new products designed to “protect and enhance the brilliance of diamond jewellery”. The first product is the Diamond Dazzle Cloth, an Ultra Soft Micro Suede Cloth for removing oils/lotions and fingerprints and comes…

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De Beers to provide country of origin data for its diamonds

De Beers Group has announced that it will provide data on country of origin for all De Beers-sourced rough diamonds above 1.25 carats that are newly registered on the Tracr platform, the digital platform for tracing natural diamonds from source at scale. From the start of 2025, this will be…

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De Beers’ GemFair purchases its 10,000th diamond

De Beers Group has announced that GemFair, its programme focused on developing a responsible sourcing model for the artisanal and small-scale diamond mining sector, has reached the key milestone of purchasing its 10,000th diamond since launching in 2018. GemFair aims to support the formalisation of the artisanal sector by raising…

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Diamond prices decline in September

Diamond prices dropped in September as the market continued to suffer from an oversupply, according to Rapaport’s RapNet Diamond Index. As a result, Indian manufacturers reduced rough-buying and polished production to rebalance supply and demand. This adjustment also led to a decline in polished inventories, but will take a few…

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De Beers prepares for next phase of G7 diamond import requirements

De Beers Group has confirmed that it is fully prepared to meet the requirements that now extend to diamonds of 0.5 carats and above, following the expansion of G7 import restrictions on Russian diamonds on 1 September 2024. De Beers’ proprietary Best Practice Principles and Pipeline Integrity standards have long…

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