(Rapaport) - As a producer of large rough stones, Gem Diamonds relies on high-end consumer demand more than many companies in the industry do. Fortunately for the London-based miner, the recovery of the Asian market this year has ensured strong appetite for its high-value diamonds. The Hong Kong Jewellery & Gem Fair in September “surprised everybody” in how positive it was for the big-stone market, company CEO Clifford Elphick (pictured) tells Rapaport News. “It’s spilled into people replenishing their stocks. At the top end of the market, it looks good,” says the executive, who was in Israel last month for the inaugural viewing of the miner’s large rough at the Israel Diamond Exchange (IDE). Demand for large polished goods has increased: the RapNet Diamond Index (RAPI™) for 3-carat polished diamonds rose 4.5% in the first 10 months of the year. Elphick hinted that this was partly due to a recovery in the Far East, which contains some of the most important consumer markets for higher-end diamonds.
News
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
Silver market deficit to widen in 2026 - report
In the latest World Silver Survey prepared by the Silver Institute and Metals Focus, the global silver market deficit is forecast to widen for the sixth consecutive year to 46.3 million ounces.
16 october 2026
Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
South Africa’s Tharisa has entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum, effective 1 January 2027.
16 october 2026
Norilsk hosts Nornickel’s 3rd Geology and Mine Surveying Forum
The 3rd Geology and Mine Surveying Forum, organized by Nornickel, has kicked off in Norilsk. The event continues to grow in scope, this year bringing together representatives from universities, equipment suppliers, design teams, mining companies, and...
16 october 2026
