The International Gemological Institute (IGI) has announced an initial public offering (IPO) valued at $499 million (Rs 4,225 crore). The IPO will open for subscription from 13 to 17 December, with shares scheduled to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on 20 December. Background on IGI and the IPO ..read more

The Pantone Colour Institute has announced its Colour of the Year for 2025: Pantone 17-1230, also known as “Mocha Mousse.”  The warm, rich brown hue has been described as embodying connections to the natural world, everyday comforts, and a refined sense of luxury.  This selection marks the 26th year of Pantone’s annual Colour of the ..read more

Boodles has reported a pre-tax profit of £18.1m for the latest financial year, despite a 1.3% dip in sales to £104.9m.  The company operates high-profile stores across the UK and Ireland, including locations in London, Manchester, Liverpool, Chester, and Dublin. Financial Performance and Dividends In the accounts filed for Boodle & Dunthorne Ltd, the company ..read more

De Beers has released the dates for its 2025 rough diamond sales, confirming 10 sights across the year. At its final sight of 2024, De Beers reduced rough diamond prices by 10% to 15% as part of efforts to address market imbalances. The company has also adjusted its supply flexibility, reflecting a strategy shift to ..read more

India, the world’s largest hub for diamond polishing, is intensifying its call for a domestic diamond export certification centre following the recent establishment of a certification  facility in Botswana. The global diamond trade has been navigating significant regulatory changes since the G7’s January 2024 ban on Russian-origin diamonds, extending this restriction to diamonds processed in ..read more

The Company of Master Jewellers (CMJ) has unveiled the CMJ Academy, a complimentary online training resource designed to support retail sales teams by providing foundational knowledge in jewellery and watch-related topics. The CMJ Academy features eight interactive modules, each addressing a fundamental area of jewellery retailing. Topics covered include hallmarking, precious metals, jewellery design, diamonds ..read more

The National Association of Jewellers (NAJ) has announced the appointment of Mehdi Saadian as its new Vice Chair.  Saadian, who serves as Director of the Gemological Institute of America (GIA) London campus, is an active member of the Institute of Registered Valuers (IRV) and the Academy of Experts. Saadian has been a member of the ..read more

Angola has replaced Russian diamond miner Alrosa with Maaden International, an Omani investment fund, in its diamond-mining operations.  Alrosa, the Russian state-controlled diamond miner, previously held a 41% stake in the Catoca diamond mine, one of the largest globally. The company has faced sanctions from the United States, United Kingdom, and European Union since 2022 ..read more

De Beers has reduced prices for its rough diamonds by 10% to 15% at its final sight of 2024, according to industry sources.  The adjustment, applicable to most diamond categories, seeks to address weak demand and better reflect open market pricing. Addressing Price Disparities The price cuts aim to narrow the gap between De Beers ..read more

Footfall across UK retail locations fell by 4.5% year-on-year in November 2024, according to data from the British Retail Consortium (BRC) and Sensormatic. The decrease contrasts with a smaller decline of 1.1% recorded in October. Shopping centres saw the steepest drop at 6.1%, compared to 3.7% for high streets and 1.1% for retail parks. All ..read more