Diamond
Diamonds remain the cornerstone of the global jewellery trade, shaping trends and driving consumer demand across all market segments. For UK jewellers, designers, wholesalers, and manufacturers, staying informed about developments in the diamond sector is critical to navigating supply chain dynamics, pricing fluctuations, and shifting consumer preferences. Jewellery Focus provides comprehensive coverage of the diamond industry, including market analysis, ethical and lab-grown alternatives, regulatory changes, and insights into sourcing and sustainability. From the latest trends in diamond jewellery to updates from major producers and distributors, our reporting equips trade professionals with the knowledge to make informed commercial decisions.
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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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25 OctoberManufacturers
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 OctoberManufacturers
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 OctoberManufacturers
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 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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18 OctoberManufacturers
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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14 OctoberRetailers
Astrea London to open new boutique in Fairmont Windsor Park
Luxury jewellery brand Astrea London is set to open a stand-alone boutique within the entrance lobby of the Fairmont Windsor Park. The boutique will be the first store in the world located within a luxury hotel dedicated to sustainable and lab-grown diamonds. Set to open in mid-October 2024, the boutique…
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11 OctoberNews
SCS and iTraceiT to launch new sustainability and traceability certificate
SCS Global Services, a third-party sustainability certification provider, and iTraceiT, a provider of traceability solutions for the diamond and jewellery sector, are collaborating on development of the first hybrid sustainability and traceability certificate for diamonds and jewellery. It will combine SCS Sustainability Rated Diamonds Certification data with iTraceiT’s traceability technology…
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10 OctoberManufacturers
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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9 OctoberRetailers
Pomellato unveils Mora and Mosaico collections
Pomellato has unveiled two capsule collections, Mora and Mosaico, in celebration of Pomellato’s rich heritage and artisanal mastery. The new collections, which forms a part of the ‘Memorie d’ Archivo’ – Archival Memories, revisits and reinvents two “beloved” collections from 1996 and 1997. At the core of these collections lies…
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