Manufacturers
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Feb- 2025 -4 February
De Beers and Botswana secure rough diamond sales agreement
The Government of the Republic of Botswana (GRB) and De Beers Group have agreed a deal establishing a new sales agreement for Debswana’s rough diamond production. Alongside this, the deal has extended Debswana’s mining licences in the country beyond 2029. This development is in alignment with the heads of terms…
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Jan- 2025 -14 January
HS Walsh and Sons awarded Royal Warrant
HS Walsh and Sons, a supplier of horological tools and equipment, has been awarded a Royal Warrant. The business was first granted a Royal Warrant from Queen Elizabeth II in 2016 which was renewed in 2021. With the ascendance of King Charles III the company sought to obtain his appointment…
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Dec- 2024 -23 December
Petra Diamonds revenues drop 7% despite 17% rise in volumes
Petra Diamonds has reported a 7% drop in tender three FY 2025 sales to $71m (£56.6m) despite selling 700,803 carats, up 17% compared with the combined 600,161 carats sold in tenders one and two. The group stated that its sales were affected by a continued weak market across most size…
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Oct- 2024 -31 October
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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29 October
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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28 October
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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25 October
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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24 October
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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24 October
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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22 October
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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