Industry News
A quiet, focused feed of high‑signal updates from exhibitions and trade desks worldwide.
2026-05-12
Mountain Province Diamonds recovered a record 2.0M carats in Q1 2026 but realised only $47 per carat, recording a C$65.1M net loss and selling US$1M of receivables to stay liquid.
2026-05-07
Lucara Diamond posted Q1 2026 sales of $21.8 million, down from $30.3 million a year earlier, while Karowe Underground capex reached $472.4 million of a $779.2 million total budget.
2026-05-07
Rapaport's weekly market read shows April RAPI mixed, large 2ct+ goods firm, and US retail solid heading into a seasonally quieter window.
2026-05-06
Pandora introduced per-stone CO2e disclosure for its lab-grown diamond collection on May 6, labelling carbon as the '5th C' alongside cut, colour, clarity and carat.
2026-05-04
Arctic Canadian Diamond Company, owner of Canada's Ekati mine, filed for CCAA insolvency protection on May 1, citing tariffs, weak demand and synthetics pressure.
2026-04-16
LVMH watch and jewelry sales fell 2% to $2.9B in Q1 2026 due to currency headwinds, while Kering's jewelry revenue rose 14% to $317M — a split that reflects brand-level execution differences within the same macro environment.
2026-04-16
Anglo American's De Beers divestment entered its final bid round with three competing consortia — led by former De Beers CEOs and a diamond trader — and Botswana joining as a stakeholder.
2026-04-16
The April 16 Rapaport Market Comment reports continued RAPI weakness in sub-1ct categories (-1.1% to -3.5% for March), with 2ct+ fancy shapes maintaining premium over rounds as buyers remain cautious and order-driven.
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