Anglo American has chosen a consortium led by former De Beers CEO Gareth Penny as the top candidate to buy the diamond company, a Botswana official reportedly announced on Friday. “Anglo American ran ...

Revenue at Hong Kong jeweler Luk Fook rose in the first fiscal quarter as consumers continued to purchase gold as an investment, even amid a strong jump in the price of the yellow metal. Retail sales ...

Australia-based miner Rio Tinto has recovered diamonds from the remaining ore at its Canadian Diavik mine following its closure. Output plunged 97% both compared to the previous quarter and year on ...

De Beers plans to lay off 1,214 workers as it pauses production at its Venetia mine, according to a local union. The National Union of Mineworkers (NUM) has criticized the company and De Beers ...

Rapaport MarketIQ translates verified Rapaport Trade data into clear insight on supply, demand, and global pricing to support strategic pricing, production, and inventory decisions. Price accurately ...

Anglo American chose a consortium led by Gareth Penny, former De Beers CEO, as the top candidate to buy the company, Moeti Mohwasa, Botswana’s minister for state president, defense and security ...

Wholesale market quiet during extended July 4 holiday period and start of summer season. Strong advance orders of round and fancy-shape, D-F, IF-VS diamonds for high-end designers. Positive trend ...

The London Diamond Bourse (LDB) and the Dubai Diamond Exchange (DDE) have signed a memorandum of understanding (MoU) to team up to bolster the international diamond and gemstone trade. The agreement ...

The top end of the watch industry continues to see outsized success. Timepieces with a retail price of over CHF 50,000 (about $64,000) now represent 37% of Swiss watch exports by value, despite ...

The recent launch of Royal Pop, a series of eight pocket watches by Swatch and Audemars Piguet, was deemed a “failure” by many publications due to the “chaos” that erupted in approximately 20 stores ...

The July issue of Rapaport Magazine, out now in print and online, takes a deep dive into the hype surrounding horology, and how luxury timepieces are faring in both the mainstream and secondhand ...

For us, there was absolutely value in offering on-site watch repair for many years, and it served our clients well. However, as our business evolved, we made the decision to move away from on-site ...