News
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
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
Beyonce and the Tiffany “Scandal”
10 september 2021
(idexonline.com) - (idexonline.com) - Never trust a journalist. For at least two reasons. The first may surprise you. They tell the truth. The trouble is it's not the whole truth. Those who value their jobs will not knowingly tell an outright and deliberate lie. But they may well miss out facts that get in the way of their story. The second reason is that they are highly skilled at weaving a tiny fragment of information into front page sensation. And so it was this week with Beyonce and the Tiffany diamond "scandal". I'm tempted to put the word scandal in an extra set of quote marks, because it's so far from actually being one. But as we'll see, it doesn't take much to get a decent scribbler hot under the collar. This is what happened. Beyonce and her rap star husband Jay Z teamed up with Tiffany for a campaign celebrating modern love in which she was photographed wearing the iconic 128.54-carat Tiffany Yellow Diamond. This not just any big diamond. It is the diamond that has come to symbolize Tiffany's pre-eminence in the jewelry world. Its origins have never been a secret. It was recovered from the De Beers' Kimberley mine, in South Africa in 1878, at a time when slave labor was widespread and working conditions were primitive. Today we'd use the term "blood diamond" to describe a gem recovered under such circumstances. At the time they just called it a diamond.
Tiffany’s Taps Beyoncé, Jay-Z, & Basquiat To Break The Internet
09 september 2021
(jingdaily.com) - Tiffany’s latest campaign featuring the ultimate power couple Beyoncé and Jay-Z continues to disrupt the US jeweler’s marketing strategy under LVMH. The images, lensed by Mason Poole, form part of a year-long advertising venture which will take over digital billboards in New York’s Times Square. In a nod to the company’s rich cultural heritage, it includes a video of Beyoncé singing the tune “Moon River” from the film Breakfast at Tiffany’s to her rapper husband. The duo also share the limelight with a long-unseen painting by Jean-Michel Basquiat in Tiffany’s signature robin-egg blue and the famous Tiffany Diamond — with 128.54 carats and 82 facets.
How The Diamond Industry Is Representing In The ESG Movement
08 september 2021
(gjepc.org) - In late-June when Lucara Diamond, operator of the Karowe mine in Botswana, released the company’s ninth annual “Sustainability Report” it served as a reminder that the diamond industry has been quite active in Environmental, Social, and Governance (ESG) efforts for years now – well before it was completely in vogue. Lucara’s report serves a detailed outline of the mid-tier miner’s focus on minimising environmental impact while maximising local employment and social benefits within the communities it operates. ESG is meant to serve as way to score the “collective conscientiousness” within a company or industry. The initiative was technically structured as an investment criterion for responsible investing formalised by the United Nations about two decades ago, however, recently it has been used less formally to describe general “responsibility” and “sustainability” efforts by corporations and industries as the concept has grown in popularity.
Recognizing the strength of the Kimberley Process but also its limitations, and consequently industry’s obligations
07 september 2021
(worlddiamondcouncil.org) - In an article published in the August edition of Rapaport Magazine and posted on August 25, 2021, on the publication’s website, entitled “Atrocities Haunt Zimbabwe’s Diamond Fields,” Farai Maguwu, a courageous civil society leader in Zimbabwe, who is the founding director of that country’s Centre for Natural Resource Governance (CNRG), writes of the plight of artisanal miners in the Marange diamond fields. I have no intention of disputing the details that Mr. Maguwu lists in his article. He is intimately aware of the facts on the ground and has eyewitness testimony from artisanal miners living and working in the Marange region. His account alleges human rights violations and instances of bribery and extortion on the part of both state and private security officials at the site. What I would like to address is the role, or lack thereof, of the Kimberley Process in addressing the situation in Zimbabwe. In providing a subhead to Mr. Maguwu’s article, the Rapaport editors wrote that the KP “continues to greenwash [Zimbabwe’s] conflict diamonds.” I understand their sentiment, but I think they inadvertently are assigning the KP powers that it currently does not have. For there lies the problem.
Congo says Angola tailings pollution kills 12, to seek compensation
06 september 2021
() - The Democratic Republic of Congo will seek compensation from the owners of an Angolan diamond mine after a tailings dam leak polluted drinking water, causing 12 deaths and making thousands of people ill, the country's environment minister said on Thursday. The late-July leak from Angola's biggest diamond mine turned a tributary of the Congo River red following a rupture in a spillway for the mine's tailings dam, which stores mining industry waste meant to stay undisturbed. Researchers at Kinshasha University last month pointed to "huge pollution" that affected some 2 million people, killed fish and caused diarrhea among river communities. Congo, which shares a 1,600-mile (2,575 km) long border with Angola, will seek compensation in line with the "polluter pays" principle, where those who produce pollution should bear the cost of mitigating it, Eve Bazaiba told a media conference after visiting the country's southern Kasai province.
