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- $3.3m Loss as Brilliant Earth Customers Spend Lesson 12 May 2025 at 12:00 pm
Brilliant Earth, the US-based "ethical jeweler", reported a $3.3m net loss for the first quarter of 2025, as customers opted for less pricey goods. The total number of orders rose by over 12 per cent (40,525 to 45,535) but the average value fell by more than ...
- De Beers CEO: No Benefit to US Tariff on Diamondson 12 May 2025 at 9:00 am
De Beers CEO Al Cook says he's confident the US will exempt diamonds from reciprocal tariffs. He told the Financial Times (FT) they were of "no benefit", given that there are no US diamond mining jobs to protect, and that they would function as nothing ...
- The Future is Mined: Lightbox to Closeon 8 May 2025 at 3:14 pm
De Beers is to close Lightbox, its lab grown venture, seven years after its launch rocked the diamond world. The move, announced today (8 May) signals the company's return to its roots - mined diamonds. It also marks De Beers' recognition that lab growns...
- Auction House Pulls Fake Pink Diamond from Saleon 7 May 2025 at 1:00 pm
A leading auction house was shocked to discover a pink diamond it planned to sell was actually a fake. The gem was sent to the Institute of Diamonds - the De Beers diamond grading and verification division - ahead of the sale. It was examined there...
- Landmark Trade Deal will Double India Gem Exports to UKon 7 May 2025 at 6:00 am
A landmark trade deal between India and the UK will abolish tariffs on 99 per cent of imports from India, and provide a significant boost to India's gem and jewelry trade. Exports of gems and jewelry are expected to more than double in the next two years...