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
The wealth gap is a retail problem
26 july 2019
(retaildive.com) - This month marks 10 years of an economic expansion in the U.S. that has been seen mostly on Wall Street, less so on Main Street. It's either tied for or is the longest recovery ever, depending on which economist you speak to, although it may have reached its limit. Some economists say a recession is swiftly approaching, if not already here.
Global Synthetic Diamonds Market is Expected to Reach US$ 29.15 billion By 2025
25 july 2019
(consumerreportsreview.com) - According to a Transparency Market Research report, the global synthetic diamonds market was valued at US$ 16.04 billion in 2016. It is predicted to grow at CAGR 7% between 2017 and 2025, and is expected to reach US$ 29.15 billion.
China to help remove Mnangagwa over Zimbabwe diamonds war with Russia
24 july 2019
(bulawayo24.com) - President Emmerson Mnangagwa's presidential exit is all but sealed amid reports that China will likely help in his removal from office, after he recently allegedly angered Beijing by giving exclusive diamond exploration and mining rights to Russia ahead of the Asian powerhouse, Spotlight Zimbabwe, has been told.
Gahcho Kué delivers fancies, large stones
23 july 2019
(northernminer.com) - Partners Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD) and De Beers seem to be finding their stride at the Gahcho Kué mine, in the Northwest Territories. Mountain Province owns a 49% stake in the open pit mine, while De Beers is the majority owner and operator. The partners are in the early stages of making changes in the plant that will allow them to recover larger and higher quality diamonds at a faster pace.
The Long, Troubling Tale of Marange Diamonds
22 july 2019
(jckonline.com) - The current confusion over just who is mining in Marange is the latest chapter in that region’s long, troubled diamond history. Diamond mining has occurred there for the last decade, yet it’s still dealing with the same issues that have plagued it since gems were first discovered there: violence and a lack of transparency, says Farai Maguwu, executive director of the Centre for Natural Resource Governance (CNRG).
