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 $300 million bond issue.
13 october 2026
In Depth: The Sun is Shining Bright for Arctic Canadian
14 july 2021
(thediamondloupe.com) - After a turbulent period, the sun finally shines on Arctic Canadian - quite literally - as the company’s reboot included the successful sale of the stunning 204-carat yellow "Dancing Sun" through a Christie’s auction earlier this month. The Arctic Canadian Diamond Company, formerly known as Dominion Diamond Mines, took possession of a 552-carat yellow diamond uncovered in October 2018 at the Diavik Diamond Mine, located approximately 135 miles south of the Arctic Circle in Canada’s Northwest Territories. The Diavik mine is partially owned and operated by Rio Tinto's operations in Canada. Abrasion markings on the rough stone’s surface attest to the difficult journey the gemstone underwent during recovery. Measuring 33.74mm x 54.56mm and weighing exactly 552.74 carats, a diamond of this size and magnitude was unexpected for this part of the world, a true milestone for diamond mining in North America. Following the recovery of the rough diamond in 2018, the polished diamonds made their public debut in 2021. The “Dancing Sun,” a fancy intense yellow diamond of 204.36 carats with VVS2 clarity sold at Christie’s New York Magnificent Jewels auction. The cushion-modified brilliant-cut diamond went under the hammer for US$ 4.95 million, well within the pre-auction estimate of US$3.5 million - US$5.5 million. The Diamond Loupe sat down with Harsh Dalal, VP of Sales at the Arctic Canadian Diamond Company to find out more about their rebooting strategy and the "Yellow Sun".
De Beers Mulls Sale of Botswana Mine
13 july 2021
(diamonds.net) - Debswana, De Beers’ joint venture with Botswana, is pondering the sale of the Damtshaa mine, after it paused production in November amid challenging market conditions. The group placed the mine — one of its lowest-producing assets — on care and maintenance because its operational costs outweighed its marginal cash flow during the coronavirus pandemic. The disposal of the mine is only one of the various options Debswana is considering.
Tensions Rise over Definition of Conflict Diamonds
12 july 2021
(diamonds.net) - A recent global meeting of the Kimberley Process (KP) ended in controversy as Chinese delegates allegedly clashed with a representative of nonprofit organizations on the issue of conflict diamonds. Attendees from China interrupted a closing statement by Shamiso Mtisi, the coordinator of the Civil Society Coalition, after he criticized the country’s approach to the matter, Mtisi claimed this week. Part of the Chinese delegation left the Zoom meeting in protest, according to another participant. Speaking at last month’s intersessional, Mtisi singled out China, India and Angola for failing to make progress on the KP’s definition of conflict stones, a central point of debate within the KP.
Yellow Is The New Blue As Tiffany & Co Debuts New Color Scheme Under LVMH Marketing Plan
09 july 2021
(forbes.com) - It started out as what appeared an April Fool’s Joke. A post on the official Instagram @tiffanyandco account announced Tiffany’s new “house” color: #TiffanyYellow. It took the internet by storm, garnering nearly 500,000 likes. Of course, it had to be a joke since nobody would dare touch the official trademarked robin’s egg Tiffany Blue color which is more than a brand icon but the brand’s sacred cow. It turns out, however, that Tiffany Yellow is indeed a new house color for a popup installation at its Beverly Hills store on Rodeo Drive. Out went the Tiffany Blue color scheme and in came yellow furniture, fixtures, even boxes and bags to showcase a temporary collection of yellow diamond jewelry including the 130 carat “Tiffany Yellow” diamond.
Norilsk Nickel supports photo exhibition on indigenous peoples at UNESCO
09 july 2021
(eco-tourism.expert) - The exhibition "The World in Faces" by the famous Russian photographer Alexander Khimushin opened yesterday in Paris at the UNESCO headquarters. The author presented a collection of more than 170 photographic portraits of representatives of different peoples of the world in their authentic national dresses in their settlements. The project coincided with the International Day of the World's Indigenous Peoples, which is celebrated annually on August 9. The exhibition will stay open until the end of August 2021.
