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.


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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.

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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.

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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

Snow leopards

26 april 2016

(polishedprices.com) - I was amused to read over the past few days comments about De Beers increasing prices by what, I think, is believed to be about 2% at their last Sight. I was amused in that there were comments to the effect that some thought that De Beers should have increased prices by more, as in this point of view there is need to dampen the rough market. Generally, it would seem that DTC boxes have been trading at around 5% profit after expenses, which is not a bad profit margin I would have thought. So De Beers is damned whichever way it might turn. I cannot see why De Beers should take the blame if the market in rough is over heating. I don’t know, and frankly cannot be bothered to find out, how many sightholders there are currently, but I presume it is less than 100. If De Beers is selling too cheap in the opinion of some of the less than 100 why are they not increasing their prices to take the heat out of the market and increasing their margin?