(ft.com) - The diamond industry has long had to deal with predictions of doom. In the early 2000s, prices started to fluctuate as De Beers Group gave up its monopoly. Then scandals over conflict diamonds tarnished the gem’s sparkle among young, ethically minded consumers. At the same time, lab-grown diamonds began making strides in fine jewellery. This pessimism deepened as the pandemic led to the closure of mines and the cancellation of auctions for preapproved buyers. In July 2020, De Beers revealed interim revenues to June 30 had plummeted 54 per cent year on year: from $2.6bn to $1.2bn. But the industry is adapting to the new climate and is betting on a marketing push to revive its fortunes.
News
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Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
Yesterday
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Yesterday
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Yesterday
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Yesterday
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
13 october 2026
