DiamondBuzz
De Beers’ Rough Diamond Production Rises 17% Year-On-Year
Despite Weaker Pricing, Rough Sales During The Quarter Lifted Revenue By Nearly 25% Year-On-Year To $648 Million
De Beers’ rough diamond production rose 17% year-on-year in the first quarter of 2026 to 7.1 million carats, driven mainly by stronger output from Canada and South Africa, even as the miner continued to face difficult trading conditions.
Key highlights
- Production at Gahcho Kué in Canada jumped 163%, helped by the planned release of stockpiled ore from a new mining area.
- Venetia in South Africa posted a 53% increase, supported by higher underground ore processing.
- Botswana, which contributes more than two-thirds of De Beers’ diamonds, recorded a 5% rise in output.
- Namibia saw a 12% decline because of scheduled maintenance on two vessels at Debmarine Namibia, along with the decommissioning of two vessels.
Sales and pricing
Despite weaker pricing, rough sales during the quarter lifted revenue by nearly 25% year-on-year to $648 million . However, the average realised price fell 19% to $101 dollars per carat, reflecting softer market conditions.
Outlook
De Beers said trading conditions remain “challenged” because of ongoing industry pressure, geopolitical uncertainty and tariff-related headwinds. The company left its full-year 2026 production guidance unchanged at 21 million to 26 million carats.
DiamondBuzz
Pandora Adds Carbon Footprint Labelling For LGDs
New Level Of Transparency Empowers Consumers To Compare Climate Impact Of Their Diamond Jewellery
For decades, diamonds have been graded by the traditional 4Cs: Cut, Colour, Clarity and Carat. Now Pandora is adding the 5th C, declaring the carbon footprint of every Pandora Lab-Grown Diamond as part of the product information on pandora.net alongside the traditional four grading criteria.
The carbon footprint covers all emissions from the diamond crafting process: from producing the raw materials used to grow the diamond all the way until it is cut and polished, ready to leave the diamond facility.
As an example, a one carat Pandora Lab-Grown Diamond has 12.58 kg of CO2e emissions. This is around 90% lower than a mined diamond of the same size.
By adding carbon footprint to the diamond conversation, Pandora gives customers an extra point of comparison and essential insight into the climate impact of their desired diamond jewellery.
CARBON FOOTPRINT COMPARABLE TO A PAIR OF JEANS
Lab-grown diamonds are chemically, optically, thermally and physically identical to mined diamonds.
Pandora stopped using mined diamonds in 2021 and is now only using lab-grown diamonds made with 100% renewable electricity and set in jewellery crafted from 100% recycled silver and gold.This significantly reduces the carbon footprint of the Pandora Lab-Grown Diamonds collection. For example, a 14k gold Pandora Infinite ring with a 1 carat lab-grown diamond has a comparable carbon footprint to a pair of jeans.
PANDORA TO SHARE FINDINGS
The carbon footprints of Pandora’s lab-grown diamonds have been calculated by external life-cycle assessment experts and published in a study verified by auditing firm EY. The study uses best practice methodology and is available on pandoragroup.com.
Adding a 5th C is a response to increasing consumer expectations to sustainability, and Pandora will share its methodology and findings with other jewellery makers to inspire greater transparency across the sector.
Pandora Lab-Grown Diamonds are currently available in the US, UK, Canada, Australia, New Zealand and Denmark with more countries to be added soon.
-
GlamBuzz3 hours agoKalyan Jewellers Returns To Cannes With A Statement In Couture And High Jewellery
-
GlamBuzz4 hours agoAlia Bhatt’s 5 Show-Stopping Looks From Cannes 2026
-
GlamBuzz3 hours agoPriyanka Chopra Jonas Receives Global Vanguard Honor At Gold Gala 2026
-
National News4 hours agoGold Industry Proposes New Strategy To Cut Imports and Boost Local Economy
JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.