Namdeb seeks State recapitalisation as diamond prices erode revenue

Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.


Today

Nornickel and Reksoft Implement "smart vision" to protect production

Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.

Today

Lundin achieves record quarterly gold output at its flagship Ecuador mine

Vancouver-based Lundin Gold has reported that in the third quarter of 2026, gold production at its Fruta del Norte mine in southeast Ecuador hit a new quarterly record.

Today

Richemont, Signet in talks to join De Beers consortium – report

Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.

16 october 2026

Rio Tinto begins Q4 of 2026 with strong operational performance

The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.

16 october 2026

Rethinking Rarity

25 april 2016

(ehudlaniado.com) - Some say that lab-grown diamonds are identical to natural diamonds. This is correct only with regard to the chemical structure of the stone. Essentially, a diamond is a particular arrangement of carbon atoms. The atoms align in such a way as to refract light very well and create a beautiful crystal. However, the similarity ends there. While the one is created under the controlled and very exact conditions of a laboratory, the other is a wild, unpredictable, uncontrolled and rare occurrence in nature that takes millions of years, not a mere few weeks in a factory. The public must understand that a natural diamond is not controlled or mass produced. Each natural diamond is unique, has its own story, is a special and exceptional formation. That is why I have stated again and again that the select high-end examples of these exceptional natural occurrences are rare creations that will never repeat themselves. I have closely examined countless diamonds over the course of my career. Each one is different. The high-end gems among them will retain their value over time because of the economy of rarity. That is, if their real value will be explained in a transparent and effective educational campaign.