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
Tender system has worsened crisis
15 july 2019
(timesofindia.indiatimes.com) - The tender system for sale of rough diamonds used by leading diamond mining companies in the world is seen as a biggest contributor to the ongoing crisis in the diamond industry, believe industry leaders. The diamond industry leaders who had gathered at the discussion programme organised by Southern Gujarat Chamber of Commerce and Industry (SGCCI) opined that the tender system has created stiff competition among the diamantaires resulting in the price war for the rough diamonds in the last few years.
Why the Market for Large Diamonds Is in Freefall
12 july 2019
(diamonds.net) - As the who’s who in the glitzy world of high-value diamond auctions gathered in Geneva in May, there was an understated tone to this year’s pilgrimage to the Swiss city. While Sotheby’s and Christie’s played up their offerings of magnificent jewels, which usually boost market sentiment with the records they set, dealers approached the sales with some trepidation. The big-stone market, they noted, has seen better days.
Weak update from ALROSA. The company’s diamond sales plummeted in June
11 july 2019
(bcs-express.ru) - In June, ALROSA sold $ 222.4 million worth of diamond goods, which is 43% lower compared with June 2018 and 16% lower against the company’s sales last May.
Researchers teleported quantum information securely within a diamond
11 july 2019
(techexplorist.com) - A team of researchers from the Yokohama National University in Japan has done something very cool that nobody has ever done before. They have managed teleport quantum information securely into one of the hardest structures on the planet, the diamond. This achievement could have significant implications for quantum information technology – the future of how sensitive information is shared and stored.
Will Finland become the world's newest diamond producer?
10 july 2019
(idexonline.com) - If it is up to the exploration company Arctic Star Exploration Corp. of Vancouver, Ca., the Timantti Diamond Project, near Kuusamo, Finland, will become a diamond mine, which actually would turn Finland into the first-ever diamond producing country in the European Union.
