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The contrast between the performance of the retail jewelry sector and diamond mining revealed in the recent round of earnings is striking. At retail, Watches of Switzerland said its Roberto Coin business delivered an excellent US holiday season. Swatch Group noted that Harry Winston had a record month in December, while Birks Group reported comparable-store […]
Belgian diamond companies Diarough and Pluczenik have joined former De Beers CEO Gareth Penny’s bid for the miner as the deadline nears for making an offer, Rapaport News has learned. The two Antwerp-based manufacturing and trading businesses would provide a financial investment in return for a stake in De Beers, sources with knowledge of the matter told Rapaport […]
Angola’s declaration of its 2025 diamond production and exports highlights just how much the rough market has changed. Today, five groups shape the diamond market: De Beers, Alrosa, Angola, Okavango Diamond Company and the tender houses. That marks a clear shift from its historic structure. De Beers (in)famously controlled supply for about a century, largely […]
Alrosa CEO Pavel Marinychev met with members of the Smolensk regional leadership to discuss expanding the country’s diamond-cutting industry, as well as launching a training program. The meeting with Smolensk region Governor Vasily Anokhin and Deputy Chairman of the region government Pyotr Ilyukhun took place at natural-diamond cutting factory Kristall, which belongs to the Alrosa […]
News in Brief: The Rapaport View: The market had been anticipating a De Beers write-down since Anglo flagged two weeks ago that it was considering this. However, the scale is at the higher end of expectations. Anglo gave two main reasons for the decision: A “prolonged shifting of customer preference between natural diamonds and lab-grown diamonds” as […]
Guidelines require producers to offer reasonable prices and assortments. South Africa’s diamond regulator has introduced new guidelines requiring rough producers to offer their goods to local buyers on more attractive terms. Miners in the country already have to make 10% of their run-of-mine rough available for the State Diamond Trader (SDT) to purchase. After that, […]
Mayank Jain, CEO of DiaDNA, was interviewed by Joshua Freedman for the Rapaport Diamond Podcast about the new traceability technology his company has brought to market. This major innovation, addressing a key concern for the industry, could significantly enhance transparency regarding the origin of diamonds. Analyzing the Diamond’s Atomic Structure DiaDNA has developed a fully […]
The diamond market is increasingly shaped by a pronounced divide between natural diamonds and lab‑grown diamonds, with the latter proving particularly appealing to Generation Z. During a discussion between Avi Krawitz and Matt Gabel, diamond expert and representative of the family-owned firm MJ Gabel, several key aspects of this shift were examined. The exchange explored […]
Extraordinary colored diamonds, old‑cut stones with imperfect charm, iconic signatures, and gems originating from depleted mines: the diamond market is evolving toward ever greater selectiveness and singularity. Between price regulation and the rise of online sales, today’s collectors prioritize rarity, quality, and a search for meaning. Balancing emotion and strategy, Violaine d’Astorg, Head of the […]
Diamond analyst Paul Zimnisky examines how provenance, traceability and transparency are quietly reinforcing the natural diamond industry’s case for rarity, value and relevance. While the natural diamond industry has languished in a multi-year slump, the trade has quietly been making steady progress with potentially pivotal transparency initiatives. The concept of universally providing consumers with provenance data (and […]
Angola generated approximately $1.8 billion in rough-diamond sales in 2025, despite challenging trading conditions. During the year, the country exported 17.2 million carats, up 69% versus 2024, Sodiam, Angola’s state-owned diamond-marketing and sales division, said Monday. Sales volume increased 70% to 17.7 million carats, while sales value rose 21% compared to the previous year. More […]
Record-Breaking Diamonds, the latest in NDC’s Diamond Reports series, explains how advances in technology are fuelling an unprecedented run of spectacular diamond discoveries. To date, only four diamonds (two gem-quality, one near-gem and one carbonado diamond) exceeding 2,000 carats have ever been discovered – and two of those have emerged in the last two years. […]