News
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
Low Consumer Demand and High Rough Supply
(ehudlaniado.com) - Historically, late May has seen a rise in demand for polished diamonds across the manufacturing and wholesale sectors of the diamond pipeline, which has then been accompanied by an increase in prices. However, this historical cyclical trend did not take place this year. The cause of this cyclical trend is the JCK trade fair held in Las Vegas during late May/early June. It is one of the largest diamond and jewelry shows and the most important one for the US market. Ahead of the show, traders usually round up goods which drives both demand and prices. So why did demand and prices not increase this year?
