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
GIA to Advertise Country of Origin Diamond Reports
01 august 2019
(jckonline.com) - The Gemological Institute of America (GIA) will spotlight its country of origin diamond reports in its consumer advertising this holiday. The country of origin program, originally called “Mine to Market,” uses a scientific method to link a piece of polished to the rough that spawned it, in order to provide consumers with information about a diamond’s country of origin. The reports will be featured as part of the GIA’s decade-old “Four C’s” consumer-facing advertising campaign. The new ads spotlight country of origin as a “fifth element” for consumers to look for, along with color, clarity, cut, and carat weight.
JCK Lab-Grown Section Shows Rising Demand
01 august 2019
(diamonds.net) - At JCK Las Vegas, lab-grown-diamond exhibitors have mushroomed nearly as much as opinions about the stones themselves. To accommodate growing market needs, organizers debuted the Lab-Grown Diamond Neighborhood at the 2018 edition of the trade fair. “There may have been exhibitors that had lab-grown in the show in earlier years, but they weren’t grouped together in a neighborhood until 2018,” says Sarin Bachmann, event vice president for JCK and Luxury. “Lab-grown diamonds are a growing segment, and it became important for our buyers to have clear delineation of the category.”
Truth Matters
31 july 2019
(idexonline.com) - Much has been said about the relative merits of natural diamonds and laboratory-grown diamonds (LGDs) when it comes to their environmental impact. The DPA published in May a report produced by TRUCOST ESG Analysis, part of S&P Global, which quantified the annual socio-economic and environmental impact of the DPA members' diamond mining activities (www.total-clarity.com). The media and the industry have taken a keen interest in the environmental footprint analysis conducted by TRUCOST and in the CO2 emission comparison between natural diamonds and LGDs contained in the report.
Anil Agarwal to exit from Anglo American
30 july 2019
(dailyexcelsior.com) - Two years after becoming the biggest shareholder of the firm that owns De Beers diamonds, metals tycoon Anil Agarwal announced an exit from Anglo American by divesting his near 20 per cent stake.
De Beers raises ad spend, predicts dip in global diamond output
29 july 2019
(businesslive.co.za) - De Beers is ramping up advertising spending for the final quarter of 2019 to stimulate the demand for its products. The world’s largest source of rough diamonds by value and an 85%-held subsidiary of Anglo American has cut production in the interim period to end-June and for the full year because of a weak and difficult cutting and polishing market. With Rio Tinto’s Argyle mine in Australia due to close in 2020, removing about 14-million carats, or 10%, of global diamond supply from the market, there is a widely held expectation that it will lead to a correction in the market, De Beers CEO Bruce Cleaver said.
