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Also in this newsletter: the EU’s future climate commissioner gears up for grilling on his fossil fuel past
Man-made competition hurts price of natural stones, though fears of bankruptcy mount among lab-grown producers
Critics warn arrangement following populist campaign will be bad for the industry as well as the company
Negotiations had raised uncertainty over strategic value of miner for owner Anglo American
President threatens to abandon diamond producer unless country’s share of rough stones is increased
Oil veteran Al Cook to replace Bruce Cleaver after 7 years in charge
Diamond sales have held up thanks to pent up demand from consumers following the pandemic
A focus on sustainability and a marketing push that highlights youthful values are helping sales recover
Chief says year is ending on more positive note but Covid impact will persist into 2021
Diamonds unit expected to cut jobs in restructuring as parent’s earnings drop 39%
Global industry that relies on sight and touch to attract consumers grinds to a halt
Political heart has ruled the head at CMA; Diamond market and De Beers frozen
World’s second-largest diamond miner cites disruption along the supply chain
Diamond producer, which miner bought eight years ago, suffers from 20 per cent price drop
Trade body commissions independent sustainability standards pilot to counter critics
Weak prices should mean consumers have luxury of time when shopping for rings
Top diamond producer sells $425m of rough stones in this year’s final sale
Local bankers shut off funding to market intermediaries after the Nirav Modi scandal
Positive spin on offloaded assets does not make shares seem more appealing
World’s largest diamond producer says buyer sentiment is improving
LVMH’s $14.5bn bid for Tiffany shows power passing from gem miners to luxury marketers
Duma Boko seeks to boost country’s share of diamond wealth if he wins election
China slowdown and Hong Kong protests disruption dent consumer demand
Shrinking demand and lab-grown competition among multiple challenges facing sector
Industry struggling with economic uncertainty and rise of lab-grown stones
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