News
Richemont, Signet in talks to join De Beers consortium – report
Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.
Today
Silver market deficit to widen in 2026 - report
In the latest World Silver Survey prepared by the Silver Institute and Metals Focus, the global silver market deficit is forecast to widen for the sixth consecutive year to 46.3 million ounces.
Today
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
Carlsbad Scientists Staying Ahead Of Lab-Grown Diamonds, Which Could Shake Up Jewelry Industry
15 august 2019
(kpbs.org) - What if that diamond on your finger is real, but an inscription says it was grown in a lab? Carlsbad gemologists and industry experts say while many people like these cheaper stones, some diamond purists are concerned these lab-grown counterparts could negatively impact the diamond industry.
Misconceptions of Value
14 august 2019
(beinglibertarian.com) - A major question throughout economic history has been the question of what determines the value of an item. Most economists throughout history (and many today) believed in an intrinsic theory of value; that an item has an innate value that can be measured and calculated. In the late 19th century, William Stanley Jevons, Léon Walras, and Carl Menger (founder of the Austrian school) separately developed the subjective theory of value. This theory argues that the value of a product is not intrinsic to the product itself but instead is determined by a consumer’s desire for that product. Since individuals have different wants, needs, and possessions, the value an individual places on goodwill differ from person to person.
Goodbye, IIGDR: De Beers Has Renamed Its Grading Lab
13 august 2019
(jckonline.com) - De Beers’ grading lab—formerly known by the unwieldy name, the International Institute of Diamond Grading & Research (IIDGR)—has been rechristened De Beers Group Industry Services, spokesman David Johnson tells JCK. The renaming will make “things clearer and simpler for customers, and […] make the business’s position as part of De Beers Group more obvious,” Johnson says.
EDITORIAL: Mining industry has role to play in carbon capture
12 august 2019
(canadianminingjournal.com) - The carbon neutral mine is on the horizon. That’s the aim of a collaborative program to test immobilizing carbon dioxide in mine tailings. Lab scale tests are promising, and now the research is moving into the field. The technology could reduce – if not eliminate – greenhouse gas (GHG) emissions at mines and result in the world’s first carbon neutral mining operation. The research is headed by the University of British Columbia, the University of Alberta, Trent University, and Institut national de la recherches scientifique.
Ter Haar: it's time diamonds become symbolic of the good that they do
09 august 2019
(idexonline.com) - "Transparency and good governance must continue to be a guiding value of corporate behaviour in order to earn the trust and respect of our current and future consumers," Marcus ter Haar, Managing Director of Okavango Diamond Company (ODC), said in his address to the Plenary Meeting of the Policy Dialogue on Natural Resource-based Development earlier this summer in Paris. The meeting was hosted by the Organisation for Economic Co-operation and Development (OECD), the international organization that for more than 58 years has accumulated ample experience and insights that help build better policies to foster prosperity, equality, opportunity and well-being for all.
