News
Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
South Africa’s Tharisa has entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum, effective 1 January 2027.
Today
Botswana, De Beers suitor near deal on ownership stakes – report
Botswana and a consortium leading the race to acquire De Beers are close to agreeing on their future ownership stakes, potentially clearing the way for Anglo American to exit the diamond miner, according to Bloomberg.
Yesterday
Petra Diamonds subsidiary ordered to wind up over unpaid tax
Petra Diamonds has confirmed that a winding-up order has been made against its wholly owned indirect subsidiary, Petra Diamonds UK Treasury Limited (PDUK Treasury), following a petition by HM Revenue & Customs.
Yesterday
LVMH’s watches & jewellery division revenue rose 8% in the first nine months of 2026
The Watches & Jewellery division of the French conglomerate LVMH, home to over 75 world-renowned luxury brands, recorded an 8% organic revenue growth during the first nine months of 2026 thanks to strong jewellery demand, despite a challenging economic...
Yesterday
Russian companies to increase investment in PGM exploration by 17% in 2026
In 2026, Russian companies will increase their investment in the exploration of platinum group metals (PGM) by 17%, with the total reaching nearly 2 billion rubles ($23 million), the Russian Ministry of Natural Resources and Environment...
Yesterday
Recession in diamond industry to hit diamond miner’s biz
16 october 2019
(timesofindia.indiatimes.com) - Prevailing recession in Surat’s diamond industry has affected the world’s largest diamond mining company, De Beers’ fortune too. The company is staring at huge losses due to lower sales in the last four sale sights. For the year to date, De Beers’ rough diamond sales are down 27% with diamantaires in India deferring more than 50% goods to reduce production in factories. For the first time, De Beers is expected to close the financial year with huge losses.
Lieberherr Steps Down as Head of Diamond Producers Association
15 october 2019
(jckonline.com) - Jean-Marc Lieberherr (pictured) is stepping down as chief executive officer of the Diamond Producers Association (DPA) after heading the group for nearly four years. He will be succeeded by David Kellie, who has worked at Ralph Lauren and Watches of Switzerland. Lieberherr will remain the group’s head until the end of his current contract period, Dec. 31. Kellie will join in December.
Melee malaise: Is marketing the solution?
14 october 2019
(jewellermagazine.com) - Does anyone have the answer to rectify the current malaise in the diamond industry? Before you can fix something you need to know the exact cause of the problem. I only state the bleeding obvious because there are calls for a new, $US1 billion global marketing campaign promoting natural diamonds, and especially engagement rings. Martin Rapaport is on the record as saying that current generic marketing efforts need to improve and miners, supported by brands, must step up to the plate to reach consumers. Few would disagree with such a concept – but where do the funds come from?
Every little bit helps for Duffy as he opens account at debt-laden Petra Diamonds
11 october 2019
(miningmx.com) - Richard Duffy, CEO of Petra Diamonds, is hoping Brexit-weary Brits will buy in to the ‘romance’ of the firm’s Cullinan mine, situated a dusty, sun-baked 30km east of Pretoria. That’s the aim of a joint venture between his company and UK jewellery store Boodles where diamonds marketed as having been mined from Cullinan are being sold. The intention is to play up the history as well as the modern day benefits associated with Cullinan diamonds remembering, of course, that in 1905, a very large 3,106 Cullinan rough diamond was cut and polished into pieces now worn and borne by the UK monarchy when the grandiloquent occasion befits.
Let Me Just Verify That
10 october 2019
(idexonline.com) - MVI Marketing has just come out with a consumer research study report looking at "the need for third-party verification of mined and lab-grown diamond claims of positive social and environmental impact." While it's not a name that trips off the tongue, there's some important takeaways in there. The top one is this: about 40 percent of consumer-purchasing decisions are driven by knowledge of social and environmental responsibility and country of origin claims. In addition, consumers would pay a premium to have knowledge about diamonds they purchase and would value looking up country of origin at a jewelry store's counter.
