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
De Beers Vet Joins Lab-Grown Company ALTR
25 september 2019
(jckonline.com) - Richard J. Whitby, who previously served as senior vice president of finance for De Beers group sightholder sales, has joined ALTR Created Diamonds as the company’s new chief financial officer. Whitby worked for De Beers from 2007 to 2018, according to his LinkedIn profile. His experience includes time in De Beers’ marketing, supply chain, and sales and distribution divisions. He most recently worked as a financial consultant for diamond companies based in Dubai, United Arab Emirates.
Bruce Cleaver: De Beers CEO mines a tricky seam
24 september 2019
(ft.com) - Bruce Cleaver is not your typical miner — a former partner at one of South Africa’s top law firms, the tall and cerebral CEO of De Beers is more at home discussing strategy in the boardroom than assessing operations at a mine. “He hasn’t got acres of dirt under his fingernails,” one banker says. But as the diamond industry faces multiple challenges, from an uncertain global economy to the growth in popularity of diamonds that can be made in a laboratory for a fraction of the cost of digging them up, strategy may be just what is needed.
Namdeb closure to hit country hard
23 september 2019
(neweralive.na) - Namdeb’s mooted closure by 2022 would leave Namibia poorer by billions, and efforts are being made to explore extending the flagship company’s lifespan. The onshore diamond mining company – owned 50/50 by the Namibian government and De Beers Group – is hanging onto its own existence by fingernails as on-land diamond reserves wear thinner. Original operations started in 1908 and, while diamonds themselves are said to be ‘forever’, mining them is finite. The company, in fact, had its eulogy already written in preparation of its pre-empted closure in 2012, but work by its engineers breathed life into its lungs so it may hang onto dear life for 10 more years.
Snapshot of the modern jeweller
20 september 2019
(jewellermagazine.com) - We have all heard the saying, ‘Things aren’t the same as they were 20 years ago.’ That’s largely because of the Internet; not only is there competition between local jewellers, businesses are also competing with the rest of the world. Yet it’s essential for jewellers to embrace the technology available to them or be left behind. The way people shop for their jewellery has changed. Frequently, customers – especially those in the 20- to 40-year-old bracket – will look online prior to making a purchase. Their online research can prompt them to look for savings by either purchasing online or using their research to request discounts or matched prices from their local jeweller.
What Does the Future of Jewelry Look Like? Climate Change.
19 september 2019
(janosconsultants.blogspot.com) - Climate Change. The subject is the undercurrent for everything we do today. We do not know how to handle it personally, as it represents a huge looming threat to life as we know it, and that in itself leaves us feeling unmoored and anxious. There is international agreement that the threats may be existential. This is not a cyclic occurrence, unless we are dealing in eons. The solutions, if attainable, may well be epic in scale. It appears that there will not be any aspect of human activity and life that will not be impacted, no matter what actions the nations of the world take. I believe that one aspect of people's psychological reaction to the potential for severe environmental degradation is to go and see as much of it as possible before it disappears or becomes unaccessible. Still, it strikes one that people will spend many thousands on travel, but not consider that kind of expenditure for jewelry. Could that be a telling valuation of what jewelry might mean under this clouded outlook? We could make a similar comparison with other luxuries, and weigh whether it is the climate outlook that is a cause, or a simpler change in preferences, in views on categories, brands and images.
