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.
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Rio Tinto begins Q4 of 2026 with strong operational performance
The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.
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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.
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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.
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Norilsk hosts Nornickel’s 3rd Geology and Mine Surveying Forum
The 3rd Geology and Mine Surveying Forum, organized by Nornickel, has kicked off in Norilsk. The event continues to grow in scope, this year bringing together representatives from universities, equipment suppliers, design teams, mining companies, and...
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Diamonds: Tears of the Gods
12 june 2019
(blogs.scientificamerican.com) - Humans have been captivated by diamonds, the planet’s hardest natural material, for nearly five thousand years. In Egypt, they were incorporated into the ankh, symbolizing the sun. People in ancient India thought they must be created by lightning, and attracted it; they also expected the stones could stave off danger (a belief somewhat at odds with the lightning-attractor thing). Greeks and Romans found the stones much more sacred, seeing them as tears of the gods. Rather poetically, they also thought the gems might be shards of fallen stars. At various times, people have thought diamonds to be capable of conferring invincibility, of healing, and of sealing the deal on romantic love. The truth of diamonds is almost as extraordinary as all of those beliefs.
How Trade War Affects U.S. Consumer Goods Companies and Beyond
11 june 2019
(jingdaily.com) - On May 14, the U.S.-China trade war entered into a full-fledged battle after the Chinese government took retaliatory measures against the latest round of tariff hikes by the Trump Administration. Beijing announced it would raise its own tariffs on the total value of $60 billion on exported goods from the United States from five percent to as high as 25 percent, starting June 1. A variety of targeted products — agriculture, metals, apparel, footwear — are on the list, according to a statement published on the official portal of the Chinese government.
Small diamond units cut production by 50%
10 june 2019
(timesofindia.indiatimes.com) - The manufacturers in the world’s largest diamond cutting and polishing centre Surat have cut down on production by up to 50% following sharp fall in prices of polished diamond and to avoid the inventory pile-up in a sluggish market. Surat diamond industry, which accounts for about 85% of the world’s production of polished stones, is facing gloomy start in the new financial year with polished diamond prices on the Rapnet—world’s largest online business to business diamond trading platform—falling by 15% and that the prices of diamonds in small sizes falling up to 25% since January 2019.
Why the newly discovered, second-biggest diamond ever is not worth as much as you'd think
10 june 2019
(edition.cnn.com) - The recent discovery of the second-biggest diamond in history -- a staggering 1,758-carat stone -- is a remarkable find, but there's a debate over its real market value.
Diamond Fight May Be Over Patents
07 june 2019
(jckonline.com) - Forget the FTC or GIA. The new created-diamond battle may be over intellectual property. In a recent interview, executives at WD Lab Grown Diamonds said they believe that certain competitors are infringing on the company’s licensed patents for growing diamonds using chemical vapor deposition (CVD)—and they might take some retailers to court over it.
