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This article serves as the introductory analysis to the inaugural Diamond Executive Report, ‘The Value of De Beers.’ Access the full report here. To grasp the implications of Anglo American’s pending divestment from De Beers, it helps to understand the move in the context of its broader strategy. In May 2024, the mining group announced […]
Botswana is seeking support from the United Arab Emirates (UAE) and Oman to acquire a strategic stake in De Beers from Anglo American. Botswana President Duma Boko said the country was searching for an investment partner as Anglo American moved forward with the sale of its 85% stake in the diamond producer, news outlet Bloomberg reported last […]
Lab also rolling out new comments clarifying impact of fluorescence. The Gemological Institute of America (GIA) plans to introduce cut grades for marquise-, oval- and pear-shaped diamonds next year, marking a long-awaited development for the market. The diamond industry has been requesting the change for several years, since cut quality can vary greatly, and the GIA currently […]
The Russian government has announced new rules requiring lab growns to be labelled as “synthetic” so that consumers don’t mistake them for natural stones. It does not list “lab grown” or any variant with “lab” or “laboratory” as being acceptable terms. Only the qualifiers “synthetic” or “synth” can be used. In doing so, Russia goes […]
At the 2023 JCK Las Vegas show, De Beers introduced the fine jewelry industry to Tracr. Founded in 2018, the blockchain platform uses high-speed photography to create a digital twin of a rough diamond, enabling a new standard of traceability. The mining giant promoted the technology as the backbone of its consumer-facing Origin suite of services, […]
India’s Gem & Jewellery Export Promotion Council (GJEPC) has become the first industry body to join the Natural Diamond Council (NDC). It signals a strategic shift toward tighter global coordination in the natural diamond industry by the country that boasts a near-monopoly on cutting and polishing. GJEPC announced its intention to join the NDC in […]
The renewal of Dali Diamond Co’s status as a De Beers sightholder highlights the importance of stability, expertise and the ability to create value at every stage of the natural diamond journey. When De Beers announced its decision to reduce the number of its sightholders by approximately 30% for the new contract cycle, the move […]
Diamond analyst Avi Krawitz, founder of The Diamond Press, has launched a new quarterly report and an exclusive members’ group to facilitate industry conversation. The Diamond Executive Report, a paid product, offers financial analysis, industry reporting and proprietary datasets, Krawitz said in a statement Wednesday. The inaugural edition, titled “The Value of De Beers,” examines […]
NDC said in an open letter that Pandora’s statements about the carbon footprint of lab grown versus natural diamonds are inaccurate. A lab-grown diamond necklace by Pandora. The Natural Diamond Council has taken issue with Pandora’s recent claims about the carbon footprint of lab-grown diamonds versus natural. London—The Natural Diamond Council published a letter Thursday addressed to […]
The Kimberley Process (KP) intersessional meeting was held in Mumbai from May 11 to 14 around themes uniting the industry, such as compliance with international standards and consumer confidence. However, certain more sensitive issues aimed at broadening the definition of “conflict diamonds” have yet to gain the desired traction. The meeting was chaired by India’s […]
India’s diamond sector has reached a notable milestone, with lab-grown stones exceeding naturals in export volume, as reported by industry analyst Edahn Golan. In both March and April 2026, shipments of lab-grown diamonds (LGD) from India surpassed those of natural diamonds, marking what Golan describes as “a major shift, arguably a tectonic one, but not a doomsday scenario” for […]
Botswana is reaching a critical turning point for its economy, which has long been fundamentally dependent on the diamond market, a market now facing an unprecedented crisis. What was once a major strength is increasingly becoming a structural vulnerability. The country is therefore exploring the different ways it may eventually reduce this dependence. A weakened […]