More Brides Buying Their Own Engagement Rings
The proportion of engagement rings financed solely by brides rose to 14% in 2017 from 11% in 2015 and 7% in 2013
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De Beers banks on ‘diamonds are for me’
Anglo American unit De Beers said its 2019 marketing budget will exceed last year’s figure of $170 million and will focus on the biggest market the United States, where women lavishing diamonds on themselves has boosted sales. While U.S. demand has held firm, the diamond market has weakened elsewhere and trade tensions and protests in … Read more
Alrosa finds diamond over 230 carats, largest in three years
Alrosa Finds 232 carat rough diamond at yakutia
Petra Diamonds’ revenues decline
Petra Diamonds Limited lost some of their lustre, sliding 5.3% to 7.65p after the diamond miner underwhelmed with a trading update. Revenue in the three months to the end of September – the first quarter of the company’s fiscal year – was down 23% to US$61.6 million from US$80.2 million in the same period of … Read more
