Manufacturers
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May- 2025 -8 May
De Beers to close lab-grown diamond brand
De Beers Group has announced its intention to close its lab-grown diamond jewellery brand, Lightbox, marking its commitment to natural diamonds. As part of the closure process, De Beers Group is discussing the sale of certain assets, including inventory, with potential buyers. The business was launched with transparent linear pricing…
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1 May
Wolf to make Luxury by JCK debut
Wolf has announced that it will exhibit at Luxury by JCK, in the Venetian hotel in Las Vegas in June, its first appearance at the event. Wolf will present the new edition of the ‘Ballet’ musical jewellery box collection, Sleeping Beauty. It features two interchangeable hand-painted ballet dancers with different…
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1 May
De Beers Auctions resumes operations after Botswana relocation
De Beers Group has announced that its Auctions business has resumed operations following the successful relocation of the business’s headquarters from Singapore to Gaborone, Botswana. The completion of this relocation unites De Beers Group’s global diamond trading activities in Gaborone, enhancing “operational efficiency and supporting Botswana’s position as a major…
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Apr- 2025 -28 April
De Beers rough diamond production falls 11% in Q1
The De Beers Group has reported its rough diamond production in Q1 2025 decreased by 11% to 6.1 million carats, reflecting the continued production response to the prolonged period of lower demand. In Botswana, production decreased by 8% to 4.6 million carats, as a result of the planned actions to…
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23 April
Jewelex and Ultrahuman unveils world’s first luxury smart ring
Diamond and jewellery manufacturer Jewelex has partnered with Ultrahuman, a wearable technology health tracking platform, to launch the Ultrahuman Rare ring, the world’s first luxury smart ring. Rare launched with the Desert Collection, which includes three designs: Desert Rose, Dune, and Desert Snow. Dune and Desert Rose are made from…
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Mar- 2025 -20 March
Government to review British Hallmarking Council
The UK government has announced that it will commence a review into the British Hallmarking Council (BHC) which will look at the role, remit and governance of the BHC, including options to merge, abolish or reform it. The BHC is an executive, non-departmental public body sponsored by the Department for…
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20 March
Andre Michael launches crushed gem jewellery range
Hatton Garden-based supplier Andre Michael has launched the “Crushed Collection”, comprising rings and pendants featuring crushed natural coloured gemstones and diamonds. The “white-label” jewellery, set in 18- or 9-carat white or yellow gold, is offered to UK and Irish retailers alongside access to an extensive package of images which they…
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Feb- 2025 -25 February
Republic of Botswana and De Beers Group confirm diamond partnership
The Government of the Republic of Botswana and De Beers Group have announced that the two partners have now signed the formal new agreements for the 50:50 Debswana mining joint venture. The parties have agreed a 10-year Sales Agreement, which may be extended by a further five years, and a…
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24 February
De Beers launches DiamondProof in stores
De Beers has announced the launch of its diamond verification device, DiamondProof, in select retail stores. The device, which can distinguish natural diamonds from non-natural diamonds, will also be available in a number of independent retail outlets. The first DiamondProof prototype instrument was unveiled at the JCK show in Las…
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21 February
De Beers revenues plummet 23% in FY24
De Beers has reported a 23% reduction in total revenues to $3.3bn (£2.61bn) year-on-year, primarily due to a 25% reduction in rough diamond sales to $2.7 billion (£2.13bn). The consequential impact of lower sales volumes, a lower average price index and higher unit costs resulted in an underlying EBITDA of…
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