The Government of Botswana has emerged as a front-runner to take a controlling stake in De Beers after President Duma Boko confirmed plans to buy a significant portion of Anglo American 85% shareholding now up for sale. But is it really in Botswana’s best interest to double down on diamonds at this time? And would a state-owned De Beers be the best outcome for the industry? In my latest Diamond Minute, I break down what’s at stake — for De Beers, for Botswana, and for the global diamond trade. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/the_diamond_press/ • www.linkedin.com/in/avi.krawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

Who’s still making money in diamond mining? Among the publicly listed names which have reported — De Beers Group, Mountain Province Diamonds Inc., Burgundy Diamond Mines, Lucara Diamond, and Alrosa Company Limited — most posted heavy losses in the first half of 2025. Only two managed to stay profitable, with one surprising leader. I break down the earnings, what they reveal about the state of the sector, and the only remaining path to recovery in today’s Diamond Minute. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/the_diamond_press/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

The Catoca mine has sustained Angola’s diamond sector for 30 years, producing 148 million carats and fueling the country’s economy, communities, and role in the global market. Now, with output declining and new projects driving Angola’s next growth phase, Catoca marked its legacy this week with a special anniversary expo in Luanda. Here's my short analysis of the expo and the mine's impact in this edition of the Diamond Minute. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/avi.krawitz/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

Titan Company Limited has emerged as one of the fastest growing jewelers in the world, as it impressively builds on its already high revenue base. In fact, the company’s jewelry sales through its brands: ZOYA - A TATA Product, Tanishq, Mia by Tanishq, and CaratLane - A TATA Product, now rival those of Richemont, LVMH, Chow Tai Fook Jewellery Group and Signet Jewelers. And its recent acquisition of Damas Jewellery will further its position as a diamond and jewelry force, which will no longer fly under the radar in industry conversations. In the latest Diamond Minute, I break down: - How Titan measures up to the biggest global players - The numbers behind its remarkable growth streak - What its strategy tells us about India’s jewelry market and the natural-diamond narrative Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/avi.krawitz/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

Lucara Diamond is facing fresh pressure despite solid large-stone production from its Karowe mine in Botswana. Liquidity concerns, a weak revenue outlook, and a loan breach have raised questions, including whether its rough sales strategy is working. All specials (+10.8 carats) are sold to a single buyer under an exclusivity agreement with HB Antwerp — but is this the most advantageous route for Lucara or for the broader large-diamond market? And how is demand for these rare stones holding up in today’s economic environment? Watch the full breakdown in today's Diamond Minute. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/avi.krawitz/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

Is Brilliant Earth turning a corner? The company's 2Q results sent us some mixed signals: - Sales up 3% to $108.9M, the first increase in over a year. - Net loss of $1.1M as costs rose faster than revenue. - Orders up 18%, while the average transaction value fell 13% — the 15th straight quarterly decline. Over the past six years, Brilliant Earth has tripled its order volumes but cut average ticket prices by $1,000, leaving sales stagnant since 2022. The jeweler is forecasting 2.5% to 4% sales growth in 2025, but it seems the value gap remains. I break it all down in this Diamond Minute. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/avi.krawitz/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

President Trump’s announcement yesterday that the US will impose ANOTHER 25% tariff on imports from India, should send shock waves through the global diamond industry. It means that, as of August 27, polished diamonds from India will carry a 50% duty – compared to the ZERO rate the trade enjoyed pre-April 2025. That’s not just a blow to India’s cutting and polishing sector, it puts pressure on the entire diamond supply chain given the high volumes of India-sourced polished that flow through the trading centers. India accounted for 22% of Antwerp’s polished imports so far this year and 31% of Hong Kong’s in 2024. In today's ‘Diamond Minute’ minute, I explain what’s changing, why it matters, and which countries might step in to fill the gap. I also clarify a point from yesterday’s update: routing goods through Dubai or Antwerp won’t change their country of origin for tariff purposes. Only substantial transformation does. Thanks to those who flagged it! I always appreciate the sharp feedback. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/Avi.Krawitz/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.

The new US reciprocal tariffs will potentially reshape the global diamond pipeline — adding cost, complexity, and much uncertainty. - Most producing and trading countries now face 10% to 15% duties. - But India was hit with a 25% rate. (Update: after publication - that was raised to 50% today) - South Africa, Switzerland and China face even more - And there's a 40% penalty for transshipped goods The implications go beyond pricing as this will potentially affect trade flows, manufacturing competitiveness, and how polished diamonds move through key hubs like Dubai, Antwerp, and Ramat Gan. In the latest ‘Diamond Minute’ I unpack the new rules, why they matter, and what questions the industry still needs to answer. Join our community: • Website: www.thediamondpress.com • Email: avi@avikrawitz.com • www.instagram.com/the_diamond_press/ • www.linkedin.com/in/avikrawitz/ WHO AM I? If you're in the diamond and jewelry trade and we haven't met, our introduction is long overdue. I'm a journalist turned entrepreneur and content creator, explaining the diamond market through video, podcast and writing. I share my thoughts about industry developments, and the story of this fascinating world of diamonds.