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

If “Real Is Rare” in the Diamond World, Responsibly Sourced is Rarer Still

15 july 2016

(globalwitness.org) - The recent launch by the Diamond Producers Association (DPA) of a new advertising slogan ‘Real is rare. Real is a diamond’ marks a fresh bid to win over a new generation of customers – the so-called millennial generation. But in pursuit of the perfect strapline the authors seem to have overlooked what was sitting right under their noses. The slogan is the result of research commissioned by the DPA, whose members are amongst the biggest in the diamond business, into this brave new world of millennials. According to the findings, for a generation living in an increasingly transient and virtual world, lasting and authentic connections are increasingly elusive and inversely desirable. A diamond, the slogan suggests, embodies these coveted qualities.  But if millennials, the most socially conscious generation ever, want something really rare, they shouldn’t ask if a diamond is real, they should ask if it’s responsibly sourced.