The R&M “Lettre”

Luxury conglomerate Kering posted strong results for the first half of its fiscal year, seeing double-digit growth in overall revenue and from its jewelry brands.

The current malaise in the diamond industry is serious, but it will pass, De Beers Group chief executive officer Bruce Cleaver (pictured) tells JCKfollowing the recent release of the company’s financial results.

Press release – ALROSA Group, the world’s largest diamond miner, announces diamond sales results for July and seven months of 2019.

The Fancy Color Research Foundation (FCRF) reported that for the second quarter of the year the Fancy Color Diamond Index (FCDI) indicated a decrease of 0.1 percent in overall prices of fancy color diamonds.

Diamond exporters will be allowed to ship goods out of India for trade shows or consignment without paying goods and services (GST) tax, the government has announced. 

De Beers Group just got a little help from the Canadian government in its quest to come up with a way to make diamond mining carbon neutral. 

This week, Russian diamond miner Alrosa announced that it had signed a joint venture agreement to explore for diamonds in the Chimanimani area of Zimbabwe.

De Beers has lowered its production forecast for this year, noting that weakness in the diamond trade negatively affected its performance in the second quarter. 

LVMH reported double-digit revenue growth in its first-half results, boosted in part by a strong performance from its watches and jewelry division.

Swatch Group reported a dip in sales in its half-year results Wednesday but said its crackdown on gray market sales should lead to an uptick in the second half of the year.

Lucara Diamond Corp. announced that the winning submission for the naming of the 1,758 carat diamond.

Luxury conglomerate Richemont reported strong sales growth in its first-quarter results, but a slowdown in watch sales somewhat dulled its shine.