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
Superdeep diamonds have a story to tell
04 september 2019
(cosmosmagazine.com) - Tiny imperfections in Brazilian diamonds have revealed a pocket of the Earth’s primordial past, deep in its interior. In fact, scientists say, these rocks appear to have survived largely undisturbed for 4.5 billion years, making them older than the Moon or anything on the Earth’s surface.
The World Has a Diamond Glut. Why Is That a Problem?
03 september 2019
(nytimes.com) - Is it ever possible to have too many diamonds? For many in the business of producing and trading these gems in recent years, the answer is yes. The top diamond miners in the world, including the two largest, Alrosa and De Beers, have an inventory problem. So do many of the cutters and polishers who buy the rough stones and sell them to retailers. At every stage of the supply chain there are too many of these precious gemstones, whose marketing has long depended on their rarity.
Raising the bar for ethical trading in the world’s largest diamond jewelry market
02 september 2019
(worlddiamondcouncil.org) - Dear friends, when the Kimberley Process Certification Scheme (KPCS) was launched officially on January 1, 2003, it created for the first time in our industry’s history an ethical threshold that could be universally enforced. While limited to rough diamonds involved in the financing of civil conflict, it was fair to say that the Rubicon had been crossed. A network of governments, with the full support of industry and civil society, had ruled that from that point forward only diamonds meeting a minimum standard could be traded legitimately. But already then, the World Diamond Council (WDC) decided to raise the bar. While the KPCS applied to only to rough diamonds, the WDC’s System of Warranties (SoW) extended the non-conflict guarantee into the polished diamond sector. While voluntarily applied, the SoW declaration became a standard feature on B2B invoices and memos issued throughout the trade.
Sister’s diamond role puts spotlight back on Lourenco family
30 august 2019
(cajnewsafrica.com) - The listing of President Joao Lourenco’s sister as a shareholder in Angola’s major diamond company has put the spotlight back on the First Family’s links to state wealth and punches holes into his proclamation as a proponent of anti-corruption. It gives credence to sentiment by critics that his crusade against graft is only a continuation of the nepotism afflicting politics in one of Africa’s most resource-endowed countries.
Chinese Jewelry Will Still Be Tariffed in 3 Weeks
29 august 2019
(jckonline.com) - The Trump administration is delaying planned tariffs in order to save Christmas for toy, clothing, footwear, and electronic retailers—although some in the jewelry business are wondering why it also didn’t get a last-minute reprieve. In a surprise reversal, the administration delayed tariffs on certain goods imported from China until Dec. 15 to prevent an impact on U.S. holiday sales. Jewelry products did not make the list.
