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Pressing Matters: India Opens Up Rough Trade...

Winning the Next Gen of Jewelry Buyers

Luxury Jewelry Is Booming. So Why Are Diamond Mines Closing?

India Just Changed the Global Diamond Trade

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Titan Raises the Bar for India’s Jewelry Market

News In Brief

US Demand Drives Swiss Watch Exports Higher...

Russia Postpones Rough Diamond Export Duty...

British Academy of Jewellery Closes Education Courses...

Qatar Diamond Exchange Expands Asian Ties...

Yoram Dvash Named ODC Chairman...

Jewelers Mutual Names New CEO...

Chow Sang Sang Profit Set to Double...

Alrosa Advances Russian Diamond-Cutting Cluster...

Steven Lerche Elected Plumb Club President...

Tse Sui Luen Faces $382K Loss in Diamond Theft Case...

Full story here

Spotlight

India Just Changed the Global Diamond Trade

India made one of the most consequential moves for the global diamond industry this week, passing legislation that provides a 15-year income tax exemption for eligible foreign companies selling rough diamonds through the country’s Special Notified Zones. The change is clearly good for India. It could also prove game changing for the global diamond trade. But it did not happen in a vacuum. To understand why the legislation matters, it is necessary to look at why India has

Titan Raises the Bar for India’s Jewelry Market

Titan Company is strengthening its position as a bellwether for India’s jewelry market, with its latest results pointing to broad-based consumer demand even as spending becomes more discerning and gold prices remain elevated. The Tata Group-owned company reported a 29% year-on-year increase in group revenue to INR 215 billion ($2.3 billion) for the fiscal first quarter ending June 30. Net profit jumped 63% to INR 18 billion ($186 million). Titan is India’s largest branded

Winning the Next Generation of Jewelry Buyers

Solitaire International: Changing consumer values could give jewelry an advantage over other luxury categories as younger buyers increasingly prioritize identity, emotional connection and self-expression over traditional markers of status. Research from McKinsey, Deloitte and De Beers suggest those shifts are already influencing jewelry purchasing, with gifting and self-purchase gaining importance and authenticity emerging as a stronger luxury attribute. But those qualities

De Beers Should Trust Its Name

On the eve of Anglo American's divestment from De Beers, a discussion has re-emerged over the company’s brand equity. How much of De Beers’ value lies in its name or intellectual property, such as A Diamond Is Forever? Is De Beers a brand, and how can its new owners best leverage that identity? It is not a new debate, but a lingering one that inevitably shines a light on the company’s retail business, now known as De Beers London. The latest discussion was sparked during

De Beers Sends a Message to the Market

De Beers has announced a two-year pause in operations at the Venetia mine in South Africa, its latest effort to cut costs and streamline the business amid continued weakness in the diamond market. The decision comes as Anglo American moves closer to selling its 85% stake in De Beers, raising questions about whether the suspension is connected to the sale or simply reflects the company’s need to adjust to market conditions. Both can be true. The move sends a strong message

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Pressing Matters

India Opens Rough Trade

India has passed a law providing a full income tax exemption for foreign companies trading rough diamonds through the country’s special notified zones. As we discussed in last week’s memo, when the law was proposed, the move at last brings India into the diamond trading conversation. Think of it as India’s version of beneficiation, adding value to its dominant diamond manufacturing sector. Frankly, it’s somewhat of a mystery that India has maintained such a draconian tax re

India Targets Rough Trading

I’m not sure if you’ve noticed, but the diamond trading centers seem to be getting more assertive in claiming their positions in the market. Over the past year, Antwerp has regained some of its lost stature through effective lobbying that helped secure exemptions from US tariffs for European-sourced diamonds. The UAE has maintained its momentum, recording record diamond trading levels in 2025, while Qatar established a diamond bourse that was welcomed last month as the newe

Luxury Jewelry Outperforms, De Beers Cuts Losses, Gold Demand Slows

July was a busy month for the diamond and jewelry industry from a news perspective, even if trading activity eased, as it typically does during the northern hemisphere summer period. Beneath the seasonal slowdown, however, were several consequential developments, many of them emerging from the earnings season that began in July and continues through August. See the full July 2026 News Roundup Looking at the past week, the luxury groups once again stood out, with their jew

US Tariffs, Synthetic Diamond Rules, China Signals...

Undoubtedly, the biggest story of the week was the reinstatement of US tariffs on imports from key trading partners following the expiration of the temporary 10% global tariff regime. The new structure is more nuanced. Some countries gained exemption from import duties, others face a 10% tariff, while imports from most countries are now subject to a 12.5% rate. (See the Jeweler’s Vigilance Committee Member’s Alert and its Tariff Tracker). For the diamond industry, Botswan

De Beers Sale Nears, Ekati Closes

It’s been a quietly significant week in the diamond industry, with some rather astonishing announcements across the mining, trading and retail sectors. And we had a fantastically large diamond recovery to get the juices flowing. Starting with mining, we saw operations cease at two legendary diamond mines. A court filing revealed that Burgundy Diamond Mines is closing the Ekati mine in Canada after attempts to sell it failed. Annual production at Ekati peaked at around 7.4

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