Manufacturers
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Feb- 2024 -8 February
De Beers production declines 3% in Q4 but guidance remains unchanged
De Beersโ rough diamond production has decreased by 3% to 7.9 million carats in Q4 2023, primarily due to the planned reduction in South Africa as Venetia transitions to underground operations, partly offset by higher production from Botswana. Despite this, the group stated that production guidance for 2024 is unchanged…
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8 February
Royal Mint submits coins for Trial of Pyx
The Royal Mint has submitted 7,960 coins for testing at the UKโs oldest judicial ceremony, the Trial of the Pyx. The 700-year-old ceremony aims to protect consumers by upholding the quality of the nationโs coinage through rigorous testing. The process ensures that the coins produced by The Royal Mint meet…
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2 February
De Beers reports first rough diamond sales of $370m
The De Beers Group has reported that its rough diamond sales for its first sales cycle amounted to $370m (ยฃ292.8m) as at 30 January 2024. The figures mark an increase on the $137m (ยฃ108.4m) sold in the final sales cycle of 2023, even though it is down from $454m (ยฃ359.3m)…
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1 February
Heritage Crafts and The Royal Mint launch new bursaries
The Royal Mint and Heritage Crafts have announced four new bursaries for precious metal workers to preserve and champion traditional British craftsmanship skills. The four successful applicants of the 2024 bursary scheme will benefit from up to ยฃ4,000 in funding each, as well as one-to-one support from the staff at…
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Jan- 2024 -30 January
Han Goldwyn set to close after 40 years
Long-established family-run jewellery manufacturer Han Goldwyn will close this March, upon the retirement of owner and director Brian Craddock and his wife, fellow director, Margaret. The company, located in the heart of Birminghamโs Jewellery Quarter, began trading in 1980 and manufactured a large and varied range of jewellery in 9ct…
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17 January
De Beers reduces diamond prices by 10% to improve demand
De Beers has reportedly cut its diamond prices by 10% to increase demand and revive gem sales, Bloomberg has reported. The hefty price reductions come as competition from lab-grown diamonds increased. The industry nearly came to a halt last year as the two largest miners virtually stopped producing in an…
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3 January
Russian diamond producer Alrosa added to EU sanction list
The worldโs biggest diamond producer Alrosa and its CEO Pavel Alekseevich Marinychev have been added to the European Unionโs sanction list. In a post on social media platform X, Josep Borrell, foreign policy chief, said: โIn line with the diamond ban we have introduced with the 12th package of sanctions,…
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Dec- 2023 -14 December
Hallmarking drops 3.5% in November
Hallmarking dropped by 3.5% in November, from last monthโs 896,622 to 865,515, according to new data from the Birmingham Assay Office. Despite the overall drop the number of gold pieces hallmarked rose 4.9% to 405,935, up from 387,058. This increase was driven mostly by a 10.4% in 375 gold from…
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Nov- 2023 -17 November
Petra Diamonds chair steps down
Petra Diamonds has announced that chairman Peter Hill, CBE, has stepped down from his role following the conclusion of its annual general meeting. Following his departure, the board has appointed Varda Shine, senior independent director, as chair of Petra. Shine will lead a search for a permanent chair and also…
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3 November
Adamas One Corp announces launch of lab-grown colourless diamonds
Lab-grown diamond company Adamas One Corp has announced the initial delivery of colourless diamonds. Adamas Oneโs โextensiveโ internal R&D efforts lead to the creation of D, E and F diamonds, which are considered to be colourless as determined by gem grading labs such as GIA, IGI, and EGL. According to…
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