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.

Today

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.

Today

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.

Today

Botswana, De Beers suitor near deal on ownership stakes – report

Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.

Yesterday

Petra Diamonds subsidiary ordered to wind up over unpaid tax

Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.

Yesterday

How many miners would you kill to slip that diamond ring onto a finger?

08 august 2019
(The Business Day) - As the diamond sector’s Kimberley Process goes into the final leg of its three-year review process, African diamond-producing states have everything to gain from expanding the mechanism’s scope. What role will SA play? Often uncompelled by the mere moral imperatives behind human rights or environmental concerns in mining, African governments tend to defer more readily to appeals to the “bottom line” in taking bold policy steps to address such issues. However, in the mining sector, and for diamonds specifically, serious environmental, social and governance (ESG) issues and the “bottom line” have again converged. Here, in dismissing civil society and recent industry calls to address them, African governments would be — to use a mining metaphor — ignoring the sector’s canary.