Canada
Canada plays an important role in the global jewellery trade as both a source of ethically mined materials, including diamonds and gold, and a market for UK jewellers and suppliers seeking international opportunities. With a strong focus on sustainability and responsible sourcing, Canada’s jewellery sector influences global supply chain practices and consumer expectations. Jewellery Focus covers Canada-related developments, from trade agreements and supplier connections to market trends and insights relevant to UK jewellery professionals engaging with this key region.
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Feb- 2025 -11 FebruaryManufacturers
De Beers lowers production guidance amid challenging trading conditions
De Beers Group has lowered its production guidance for 2025 to 20–23 million carats (previously 30-33 million carats), reflecting the challenging rough diamond trading conditions. Although rough diamond sightholder sales for the quarter improved to 4.6-million carats for $543m (£437.1m) in revenue, compared with the 2.8-million carats sold for $230m…
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Oct- 2024 -28 OctoberManufacturers
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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22 OctoberManufacturers
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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Jun- 2024 -5 JuneManufacturers
De Beers welcomes G7 sanctions on Russian diamonds
De Beers has stated that it fully supports the intent of the G7 sanctions on Russian diamonds. For these to be effective, the group said that the sanctions must be “practical, industry-wide and enforceable”. In response to requests from G7 governments, De Beers offers the following perspectives. Timing: Import restrictions…
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3 JuneManufacturers
De Beers unveils ‘Origins’ strategy to enhance and revitalise natural diamonds
De Beers Group has unveiled its new five-year Origins strategy to enhance value across its business from mining through to retail. The business will be streamlined and investments will be focused on high return projects in core upstream assets, midstream technologies, natural diamond retail and synthetic diamond technology solutions. As…
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May- 2024 -9 MayRetailers
Watches of Switzerland acquires Roberto Coin
Watches of Switzerland Group has signed and completed the acquisition of the entire share capital of Roberto Coin Inc. for a total cash consideration of $130m (£104.2m). Roberto Coin S.p.A., founded in the Italian city of Vicenza, designs and manufactures delicately handcrafted jewellery with a unique ruby signature under the…
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Mar- 2024 -11 MarchTrade Organisations
Natural Diamond Council launches new platform
The Natural Diamond Council has announced the launch of a new platform; Real. Rare. Responsible. The platform is aimed to showcase the unique beauty and rarity of natural diamonds, and the ethical responsibility inherent within the global natural diamond industry. The launch comes after NDC’s global ambassador Lily James experienced…
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Feb- 2024 -8 FebruaryManufacturers
De Beers production declines 3% in Q4 but guidance remains unchanged
De Beers’ 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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Oct- 2023 -26 OctoberManufacturers
De Beers production declines 23% in Q3
De Beers Group has recorded a 23% decrease in production to 7.4 million carats in the third quarter. The company attributed the drop to the ongoing transition at Venetia and planned maintenance at its diamond mines in Botswana. The Venetia mine in South Africa saw the biggest decline, as production…
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19 OctoberRetailers
Tiffany and Co. acquires rare 71ct Fancy Vivid Yellow Diamond
Tiffany and Co. has acquired a rough Fancy Vivid Yellow diamond of over 71 total carats, yielding two yellow diamonds of over 15 and 20 carats each. Tiffany and Co. artisans cut each in the highly coveted classic emerald shape. Sourced in Canada, Tiffany and Co’s artisans cut each in…
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