Revenue from the retail division of Warren Buffett’s Berkshire Hathaway conglomerate rose in the second quarter.

De Beers is carrying out substantial layoffs in its trading department as the diamond giant continues to respond to the market downturn.

US retail sales rose in July as consumers took advantage of special summer deals ahead of the higher tariff rates.

Rough-diamond shipments into some of the most important trading centers surged in July, raising questions about the state of the market.

Pandora will close approximately 100 underperforming stores in China to “optimize the store network,” even as overall revenue rose.

Industry veteran Dev Shetty has purchased Lucapa Diamond Company and all of its assets through his Dubai-based conglomerate Gaston International DMCC. Gaston is part of Shetty’s Jemora Group, which ...