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
Diamond Stash Worth Billions Sold Off After Demand Roars Back
06 may 2021
The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of months, they’ve suddenly found buyers. The huge stockpile was built up when the diamond world came to a standstill during the height of the pandemic, stoking fears that gems amassed by the biggest miners could hurt the sector for years. But rampant demand from the middlemen who cut, polish and trade stones has all but wiped out the stash -- and remarkably as top producers De Beers and Alrosa PJSC raised prices.
Grib Auction Garners US$40M in Antwerp
06 may 2021
(thediamondloupe.com) - In their latest auction in Antwerp, Grib Diamonds sold over 580,000ct of rough diamonds for approximately US$40m. According to Grib demand continued to be strong for larger better quality rough, especially for 5-10ct, 2-4ct, 4-6GR, and even goods down to +11 showed robust prices. Results for smaller goods were weaker and saw decreases except for the -7+5.
UBS: More than 80K stores likely to close in the next 5 years
05 may 2021
(retaildive.com) - The pandemic year was brutal for most retailers, and for many it meant a trip to bankruptcy court. Yet some of the worst fallout is happening now, as the industry takes stock of which consumer trends turn out to be permanent and which may be fleeting. While the extent of any permanent online shift is yet to be determined, for example, UBS joins Wells Fargo, the Conference Board and AlixPartners in its finding that from now on, more consumers will continue to buy more online. In their report, UBS analysts said they assume that e-commerce penetration will reach 27% in 2026, up from 18% last year. That's changing the landscape, literally: By UBS's measure, Amazon last year grew its U.S. fulfillment space by some 100 million square feet; that plus Wayfair's fulfillment expansion reached the equivalent of 21,000 retail stores.
Lab-made hexagonal diamonds stiffer than natural diamonds
04 may 2021
(sciencedaily.com) - Nature's strongest material now has some stiff competition. For the first time, researchers have hard evidence that human-made hexagonal diamonds are stiffer than the common cubic diamonds found in nature and often used in jewelry. Named for their six-sided crystal structure, hexagonal diamonds have been found at some meteorite impact sites, and others have been made briefly in labs, but these were either too small or had too short of an existence to be measured. Now scientists at Washington State University's Institute for Shock Physics created hexagonal diamonds large enough to measure their stiffness using sound waves. Their findings are detailed in a recent paper in Physical Review B.
Timeline: the life and times of Australia’s unlikely Argyle diamond mine
03 may 2021
(mining-technology.com) - After 37 years, the Argyle Diamond mine in the Kimberley region of Western Australia has closed its doors. Speaking at the time, Rio Tinto copper and diamonds chief executive Arnaud Soirat said: “Fifty years ago there were very few people who believed there were diamonds in Australia.” So how did the Argyle story unfold? We track the history of this ground-breaking mine.
