News
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
LVMH’s watches & jewellery division revenue rose 8% in the first nine months of 2026
The Watches & Jewellery division of the French conglomerate LVMH, home to over 75 world-renowned luxury brands, recorded an 8% organic revenue growth during the first nine months of 2026 thanks to strong jewellery demand, despite a challenging economic...
Yesterday
Russian companies to increase investment in PGM exploration by 17% in 2026
In 2026, Russian companies will increase their investment in the exploration of platinum group metals (PGM) by 17%, with the total reaching nearly 2 billion rubles ($23 million), the Russian Ministry of Natural Resources and Environment...
Yesterday
Is the sparkle fading?
(mumbaimirror.indiatimes.com) - According to data compiled by The Gem and Jewellery Export Promotion Council (GJEPC), India’s exports of polished diamonds between April and July dropped to $6.7 billion (a little over Rs 48,012 Crore) as compared to $8 billion (over Rs 57,328 Crore) during the same period last year. Macroeconomic uncertainty, the impact of the US-China trade war, low consumer confidence and large inventories of polished stones, are just some of the challenges before the industry. It’s also been grappling with the threat of diamonds produced by chemical vapour deposition (CVD). And while Paul Rowley, De Beers Group’s EVP — diamond trading and distribution, acknowledges that these and other challenges will make for a bumpy road ahead, he remains optimistic about the industry’s long-term prospects.
