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
Diamonds: Investigation into bankruptcy of former industry number one
23 april 2021
(brusselstimes.com) - The Antwerp prosecutor has started an investigation into the mysterious bankruptcy of the company that formerly stood in first place among the city’s diamond dealers. Eurostar Diamond Traders, owned by the family of 71-year-old Kaushik Mehta, was at one point the diamond city’s major trader in both rough and cut diamonds. Then suddenly in 2019 the business was declared bankrupt, despite having posted recent results of €1.6 and €2.5 billion.
Grib Diamond Mining and Processing Division expands its vehicle fleet
23 april 2021
(agddiamond.ru) - This year, the Grib Diamond Mining and Processing Division of AGD DIAMONDS added five new quarry dump trucks BelAZ 75131 to its vehicle fleet.
Who are the Big-Money Jewel Buyers?
23 april 2021
() - I'm always fascinated when big-money gems come up for auction. Not so much by size and spec or even the price, but by the people behind the jewels - those who owned them (past tense) and those who buy them (present tense). As often as not the former owners are heiresses, royalty, socialites or aristocrats, whose collections go under the hammer after their demise. Today's buyers are, by contrast, a very different breed.
Fancy Color Diamonds, A Guardian Angel for the Next Generations
22 april 2021
(fcresearch.org) - The COVID-19 pandemic brought with it unprecedented chaos. Angry mobs looting Fifth Avenue stores and a complete lack of clear governmental policy has left many high-net-worth individuals with a feeling of uncertainty, tempting investors to seek out portable forms of wealth. During this period of upheaval, and in light of the attention the Fancy Color Diamond Index received from the international financial community, we were asked to paint a general background on this asset class and answer members’ many questions about the investment perspective of these rare gems. “What are the benefits of investing in Fancy Color Diamonds in comparison to other luxurious collectibles?” Which platform enables short-term trading for these natural diamonds? “How does this alternative investment category behave in times of crisis?” “What are the pros and cons compared to other investments?” and “What would be the right investment approach without overpromising results?” During this past year we have compiled our answers and up-to-date market analysis into this readily available report for the benefit of our members from the financial sector.
Signet’s Purchase of Rocksbox Is Both Strange and Logical
21 april 2021
() - This week, Signet purchased jewelry subscription service Rocksbox for an undisclosed sum. And when I consider why, I’m reminded of the time Woot founder Matt Rutledge asked Jeff Bezos why Amazon bought his company. “You’re the octopus that I’m having for breakfast,” Rutledge remembers Bezos saying. “When I look at the menu, you’re the thing I don’t understand, the thing I’ve never had. I must have the breakfast octopus.” There’s something intriguing but also a little unsettling about that quote, as if we’re all guppies in Jeff Bezos’ shark tank. But while Signet is no Amazon, that might explain the thinking behind its acquisition of Rocksbox.
