Antwerp-based diamond supplier Choron Group has agreed to acquire AMC Group, a De Beers sightholder, in a rare case of consolidation in the diamond trade. Choron will integrate AMC’s manufacturing ...

Tiffany & Co. has forgiven about 50% of a loan it gave Canadian diamond miner Diamcor, as lower demand for its rough impacted the company’s ability to repay. The Canadian mining company will pay ...

Lucapa Diamond Company is set to take on a majority stake in the Lulo mine at the beginning of 2025, providing it with increased exploration capability. The company is currently in talks with the ...

In the coming year, Chow Tai Fook will introduce collections made purely from recycled precious metals, making it the first Chinese jewelry brand to do so, it said. The move comes amid a move by the ...

The New York Magnificent Jewels sales at Sotheby’s and Christie’s featured some eye-catching diamonds and gemstones that fetched millions of dollars. We look at the top-grossing lots from those ...

The US Department of State has granted nonprofit group Pact new funding to expand its work in the artisanal and small-scale gold mining (ASGM) sector in Africa. Pact will use the money to reduce ...

Gemfields plans to curtail many of its business operations and cut jobs as it struggles with the market downturn and other issues affecting its bottom line. The company will suspend all mining at its ...

De Beers has stripped around 10 sightholders of their rough-diamond allocations for 2025 and is planning to offer fewer goods overall, market insiders told Rapaport News on Sunday. Those companies ...

Alrosa’s output for the full year dropped 4.6% from 2023 as it cut back amid sanctions, waning demand and depressed rough prices. The Russian miner produced 33 million carats for the year, down from ...

Petra Diamonds has reduced its rough-pricing forecast for the remainder of the fiscal year as it grapples with continued weakness across most of its size categories. The miner now expects prices for ...

There is a perfect storm brewing around estate jewelry right now, which is why we’ve dedicated the final Rapaport Magazine issue of 2024 to this exciting segment of the industry. As you will read in ...

The European Union has given the green light for a grant of EUR 81 million ($84 million) to support Diamond Foundry’s establishment of a facility in Spain that will produce rough for industrial ...