RAPAPORT PRESS RELEASE, July 1, 2025, Las Vegas… The diamond market remained cautious in June as the industry awaited decisions on prospective US tariffs. The Las Vegas shows saw resilience in the ...

Hong Kong jeweler Tse Sui Luen (TSL) recorded a loss for the full fiscal year amid waning appetite for diamond jewelry in China and an increase in shoppers from the municipality purchasing goods while ...

Gemfields will inaugurate a second ruby-processing plant at its Montepuez site in September, expecting to triple the mine’s overall ore capacity. The company’s new facility in Mozambique will increase ...

Russia retained its position as the top country in terms of rough-diamond production value in 2024, after surpassing Botswana for the first time a year earlier. The federation maintained output from ...

The Gemological Institute of America (GIA) has appointed Pritesh Patel as its president and CEO, to succeed longtime chief Susan Jacques, who is retiring. Patel joined the institute in 2015 as chief ...

Gokhran could purchase up to $985 million of Alrosa’s rough diamonds over the next three years, according to reports. Alexei Moiseyev, Russia’s deputy finance minister, told reporters that the federal ...

US retail sales fell in May compared to the previous month as consumers slowed down on stocking up ahead of tariffs. Revenue slid 0.9% month on month — adjusted for seasonal variation — to $715.4 ...

The Luanda Accord Luanda, 18 June 2025 We, the undersigned representatives of diamond-producing governments and industry stakeholders, convened in Luanda on 18 June 2025 with a shared commitment to ...

Jewelers of America (JA) has promoted Amanda Gizzi to senior vice president of corporate affairs. Gizzi most recently served as the organization’s director of public relations and events, JA said ...

Rio Tinto has unearthed a purple diamond weighing 0.45 carats at its Diavik mine, an unusual find at a site that generally produces white stones. A trace element like hydrogen or a twist in the ...

Israel has expressed opposition to Qatar’s candidacy for Kimberley Process (KP) chair, threatening the diamond certification scheme’s ability to find a new leader. Qatar is currently the only country ...

Hong Kong jeweler Luk Fook is expecting its profits for fiscal 2025 to be down 40%. While the company has yet to finalize the results for the 12-month period, which ended March 31, it has attributed ...