Browsing: Diamond

Gemfields announces that it has signed an agreement to sell its entire interest in wholly owned  Fabergé Limited (“Fabergé”), the iconic luxury brand, to SMG Capital LLC (the “Buyer”), for a  total consideration of USD 50 million. Of that sum, USD 45 million is payable to Gemfields by  the Buyer on completion of the sale (which is expected on 28 August 2025). The remaining USD 5 million is payable to Gemfields by the Buyer by way of quarterly royalty payments at a rate of 8%  of Fabergé’s revenue. The sale is not expected to be subject to regulatory or any other approval  processes

Gemfields Group Limited has released its operational and financial update for the six months ending 30 June 2025, reporting total auction revenues of USD 60 million and a net debt position of USD 59.6 million. Key developments include near-completion of Montepuez Ruby Mine’s second processing plant and the resumption of focused mining at the Kagem emerald mine. Significant progress has also been made in the strategic review of Fabergé. The full interim results will be published on 26 September 2025.

HRD Antwerp, Europe’s leading authority in Diamond and Jewellery Grading, Education and Equipment, has officially launched its operations within the Bharat Ratnam Mega Common Facility Centre (CFC) in Mumbai. This collaboration was unveiled during the prestigious IIJS Premiere 2025 and marks a significant leap in advancing India’s jewellery ecosystem with world-class diamond certification services.

At the 41st edition of the India International Jewellery Show (IIJS Premiere), held at the Jio World Convention Centre, Mumbai, De Beers Group unveiled a trio of landmark initiatives that mark a new chapter for the natural diamond industry in India. As the country has become firmly established as the world’s second largest market for diamond jewellery, De Beers Group reaffirmed its commitment to nurturing growth, authenticity and emotional connection in the sector through the launch of its digital platform INDRA, the emotionally resonant “Love, From Bestie” bracelet ritual campaign and the pioneering Institute of Diamonds.

Gemological Science International (GSI) explores how provenance and blockchain technology are revolutionizing trust in the diamond jewelry industry. It highlights the growing consumer demand for transparency in a diamond’s journey from mine to market, supported by immutable blockchain records. Featuring examples like the GSI-certified Origin collection by Ernest Jones, it underscores how traceable diamonds enhance value, ethical credibility, and market differentiation. GSI emphasizes its role in certifying authenticity and fostering an ethical, transparent diamond trade

Ruby is the fiery birthstone for the month of July – and to mark the arrival of this sultry summer month comes a new collaboration featuring gems from Gemfields’ ruby mine in Mozambique. The Arayian Jewellery x Gemfields capsule collection harnesses the allure and talismanic properties of Mozambican rubies in an array of designs, from elegant dangling ‘chandelier’ earrings to diamond- encrusted ruby rings, classic bracelets and rich statement necklaces