(JCK) - The Kimberley Process is now 13 years old, and while we can spend all day talking about its strengths and weaknesses, it does track an overwhelming percentage of the world’s diamonds and has introduced a lot more transparency into the market than existed before. (Remember, pre-Kimberley, diamonds were regularly reported to be from Switzerland, a country with no mines.) It may not have accomplished everything architects envisioned, but it has led to a more transparent industry. Now, it’s 2016, and Signet Jewelers has announced a new plan that will work toward ensuring all the diamonds it sells are sourced from identified and verified sources. Considering Signet is the largest buyer of polished diamonds in the world, with supply coming from all corners of the globe, that also seems like no mean feat.
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India tightens standards for gold
India’s new "Good Delivery Gold" standard system establishes requirements for responsible sourcing and traceability. The Gem and Jewellery Export Promotion Council (GJEPC) has called for the swift adoption and international recognition of these standards...
Today
Orion Minerals secures $40m Glencore financing for Prieska mine development
Orion Minerals has secured $40 million in Tranche A financing from Glencore for its flagship Prieska Copper Zinc Mine in South Africa's Northern Cape, after the funding became unconditional following the execution of final concentrate offtake and intercreditor...
Today
De Beers' Q3 output falls 11%, assumes full ownership of Gahcho Kue
Anglo American has reported an 11% decrease in De Beers’ rough diamond production for the third quarter of 2026, down to 6.8 million carats compared to 7.7 million carats in the same period last year.
Today
Critical Metals gets formal approval for Tanbreez rare earth mine from Greenland authorities
US-based Critical Metals Corp. has announced that its flagship Tanbreez rare earth project has received formal mining plan and closure plan approvals from the government of Greenland, paving the way for a 24-year mine life.
Today
Kyrgyzstan begun construction of a $556 million gold mining complex
The project is being implemented by Chaarat ZAAV, a joint venture between Canada’s Silvercorp Metals (70 %) and the state owned Kyrgyzaltyn (30 %). According to Silvercorp Metals’ calculations, once it reaches its design capacity, the enterprise will...
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