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
GIA Seeing Record Submissions, Output
01 july 2021
(diamonds.net) - A spike in demand for graded diamonds is responsible for the ongoing backlog of goods at the Gemological Institute of America (GIA), the organization explained to Rapaport News. While government restrictions have curbed business activity in India since a dramatic rise in coronavirus infections there from late March, the GIA stressed it had been working at the maximum allowable capacity to meet demand.
Are There Diamonds in the Ocean?
30 june 2021
(science.howstuffworks.com) - If you've ever heard the slogan "A Diamond Is Forever," then a 1940s marketing campaign is still doing its job. The line was coined by De Beers Group, a jewelry company credited with almost single-handedly popularizing diamond engagement rings. De Beers spent decades building a global empire (some would call it a "cartel") around diamond mines in countries like South Africa. So why did they purchase more than 3,000 square miles, or 7,770 square kilometers, of Atlantic seafloor near the coast of Namibia in 1991? Simple: Not all diamonds are found on dry land. Many turn up in sediments below the ocean's surface. You just have to know where to look.
Should mining firms buy back shares when a global supply deficit is looming?
29 june 2021
(miningmx.com) - To buy back shares or pay shareholders in cash dividends? That’s one of the happy brain teasers with which companies perenially wrestle. It is, though, especially relevant to the mining sector currently as the commodity cycle enters its high summer and cash is aplenty.
From crisis to crisis
28 june 2021
(diamonds.net) - For just over a decade, the diamond midstream — consisting of manufacturers and dealers — has served as a repository for the trade’s inventory and absorbed much of its credit risk. Manufacturers pay up front for rough, process the stone, and then typically sell the polished on credit, offering terms of 30 to 60 days. Since it can be six to nine months before they recoup their initial outlay, they have relied on banks to finance their rough purchases and sustain their operations.
However, the 2008 financial crisis marked a drastic change for the banks and a turning point for the trade. Lenders became increasingly reluctant to extend credit to the diamond sector, putting pressure on manufacturers just when they were taking on a higher level of risk.
Opening Up About Lab-Grown
25 june 2021
(diamonds.net) - Two philosophies have emerged regarding how the lab-grown market will develop. The first sees synthetics in the same space as natural stones, graded according to carat size, cut, color and clarity, and priced at a discount to the equivalent natural diamond. That is how the market has evolved organically. The second ideology is the one De Beers has touted in releasing its Lightbox line. It recognizes that synthetics have their place in the market, but maintains that they are inherently different from natural diamonds. Those taking this view say lab-grown products should be assessed via quality assurance rather than grading, and priced at a markup to what it costs to make them, disregarding the 4Cs. The heart of the debate revolves around what a diamond is and what gives it value. The answers to those questions call for different selling propositions. Are synthetics simply a price-point product? Or are there branding opportunities that transcend price?
