Lucapa Diamond Company is set to invest AUD 25 million ($16 million) in a production plan for its Merlin mine in Australia, which is expected to yield up to 314,000 carats over the next five years.

Hong Kong-based jeweler Luk Fook closed 175 stores in China and Hong Kong in the fiscal first half as rising gold prices hit revenue and earnings. Weak demand for diamond jewelry also hurt sales, with ...

The global diamond industry once again finds itself at a crossroads, and while the need to curb conflict diamonds and ensure ethical sourcing remains paramount, the European Union’s proposal for a ...

Donald Trump’s return as US president presents a range of possible scenarios for consumer demand and the diamond trade. This TLDR version of a longer article looks at some of the reasons to be hopeful ...

India’s cuts to polished production have impacted inventories in different ways. Diamond manufacturers in India have — to the best of their ability — focused their efforts on goods that are in demand ...

Macy’s has delayed its final earnings release while it completes an investigation into falsified delivery expenses linked to an employee who hid between $132 million and $154 million. The retailer ...

A ring with a 43.15-carat yellow diamond is set to lead an upcoming jewelry sale at Phillips, where it is expected to fetch up to $850,000. The piece features an Old European brilliant-cut, ...

The latest episode of Rapaport’s GEMTalks focused on the how the jewelry industry can and should talk to consumers about natural and lab-grown diamonds. Dr. Ulrika D’Haenens-Johansson, senior manager ...

Bonhams will offer a Tiffany & Co. emerald and diamond ring at its upcoming New York Jewels auction, giving it a price tag of up to $550,000. The ring contains an emerald-cut, 9.27-carat Colombian ...

Hong Kong jeweler Luk Fook expects profit to be down by 50% year on year in its first fiscal half. The drop is the result of a “significant” increase in losses from gold hedging, while sales of the ...

Will positive end-of-year jewelry retail sales pull the diamond trade out of its current predicament? Expectations were rising as the holiday period kicked off in November. US consumers were upbeat in ...

De Beers has launched a new marketing campaign, “Forever Present,” to boost demand for natural diamonds during the US holiday gifting season. The campaign, which reintroduces the iconic “A Diamond is ...