Kim Truter will retire as CEO of Burgundy Diamond Mines after two-and-a-half years. Truter joined Burgundy’s board in 2020 and became nonexecutive chairman in late 2021. He was appointed chief of the ...

Shortages of larger De Beers goods are driving premiums of around 5% on the secondary market after a long period in which sightholders were unable to resell for a profit, insiders told Rapaport News.

RAPAPORT PRESS RELEASE, April 1, 2025, Las Vegas… The diamond market showed further signs of recovery in March. The price stabilization trend that began in mid-February expanded to a wider range of ...

A 53.14-carat yellow diamond will go under the hammer at an upcoming Phillips auction in Geneva, where it is expected to fetch up to CHF 3.1 million ($3.5 million). The fancy-vivid-yellow, internally ...

Rio Tinto unearthed a 158.20-carat “exceptional” yellow diamond from its Diavik mine in Canada. The stone is one of the largest gem-quality yellow diamonds ever discovered in the country, the miner ...

Conflict-diamond expert Brad Brooks-Rubin was the guest on the latest episode of the Rapaport Diamond Podcast, in which he discussed the development of sanctions on Russian goods. Brooks-Rubin, a ...

Rapaport will host a webinar on April 3 at 10 a.m. EST to provide information to the industry about the upcoming Rapaport Trade Mission to Sierra Leone, its background, agenda and opportunities. The ...

Hong Kong’s retail sales fell in February amid a slowdown in demand for luxury goods in the municipality, although the decline was more moderate than the previous month. Revenue from jewelry, watches, ...

CEO David Block explains the tech company’s plans to acquire visual-inspection business Kitov.ai — and why its core focus is here to stay. David Block has his work cut out for him as CEO of Sarine ...

Mountain Province’s loss widened in 2024 as weak demand led to a drop in the average price of rough diamonds. The miner, which operates the Gahcho Kué mine in Canada, plunged to a net loss of CAD 80.8 ...

A 10-carat diamond ring was the top seller at a recent jewelry sale at Phillips in Hong Kong, bringing in HKD 4.6 million ($591,330). The emerald-cut, D-color, internally flawless diamond ring sold ...

LVMH has named Bulgari CEO Jean-Christophe Babin as CEO of the group’s watches division, where he will maintain overall responsibility for both brands. Babin, who will start his new role at LVMH ...