Jonathan Waecker will join Michael Hill as CEO, succeeding interim chief Andrew Lowe. Waecker brings senior leadership experience to his new role, the company said Monday. He has international ...

Revenue from the retail division of Warren Buffett’s Berkshire Hathaway conglomerate rose in the second quarter, even as overall demand waned. The unit — which includes jewelry chains Borsheims, ...

De Beers is carrying out substantial layoffs in its trading department as the diamond giant continues to respond to the market downturn, sources have told Rapaport News.

Rough-diamond shipments into some of the most important trading centers surged in July, raising several questions about the state of the market. India’s rough imports rose 26% year on year by value to ...

US retail sales rose in July as consumers took advantage of special summer deals ahead of the higher tariff rates. Revenue increased 0.5% — adjusted for seasonal variation — from the previous month to ...

Pandora will close approximately 100 underperforming stores in China to “optimize the store network,” even as overall revenue for the second quarter rose. The Danish jeweler had previously targeted ...

Industry veteran Dev Shetty has purchased Lucapa Diamond Company and all of its assets through his Dubai-based conglomerate Gaston International DMCC. Gaston is part of Shetty’s Jemora Group, which ...

De Beers has found its first new kimberlite deposit in more than 30 years while exploring an Angola site that’s part of its joint venture with state-owned diamond miner Endiama. During the exploration ...

Mountain Province’s loss grew even steeper in the second quarter as prices for its rough slid in the weakened market, and the mining of lower-grade ore meant it had fewer carats on offer. The company, ...

The US will increase tariffs on Indian goods to 50% starting later this month, President Donald Trump said Wednesday — a move that has sent the diamond industry into crisis. The duty will double the ...

Indian diamond manufacturer Asian Star saw its sales decline in the first fiscal quarter, as demand for the product weakened. Revenue on a consolidated basis — which includes subsidiaries in the US, ...

Bonas Group will offer $90 million in rough diamonds from various countries in four simultaneous tenders in Antwerp. The sales, which will take place during the first week of September, will consist ...