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
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.
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
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...
Today
Diamond glut worsens, Anglo American sales dip 25 per cent
23 may 2019
(deccanchronicle.com) - De Beers's diamond sales plunged to the lowest since 2017 in the company's latest offering, underlining a slump in the industry worldwide. Sales by the Anglo American Plc unit dropped 25 per cent from a year ago to $415 million, and were down 29 per cent from an offering last month. It's often a quieter time of the year because the industry has already restocked after the key holiday period, but total sales so far in 2019 are still much weaker than in previous years. De Beers's diamond sales plunged to the lowest since 2017 in the company's latest offering, underlining a slump in the industry worldwide. Diamond miners are struggling across the board, especially those producing cheaper and smaller gems where there is too much supply.
Alrosa Seeking Evidence of $10M Embezzled from Catoca Mine
22 may 2019
(thediamondloupe.com) - Russian diamond miner Alrosa believes that the former and current management of Angolan diamond mine Catoca - in which Alrosa holds a 41% stake - is responsible for secreting away nearly $10 million, and will call upon a U.S. court to obtain discovery of evidence. According to Africa Mining Intelligence, the Russian firm has turned to New York court magistrate Judge Paul Gardephe in the hope of gaining access to documents that would prove that Catoca transferred millions of dollars into shell companies scattered around the world - from Hong Kong to the Bahamas, Cyprus, the UK and US.
From the 5th MGJC: how often can you sell a - different - diamond to the same consumer?
22 may 2019
(idexonline.com) - Roman Serov of Octonus (Finland, Russia), a leading diamond technology developer and Dr. Olga Okhrimenko, of Cutwise.com, presented "Diamond Impression -The Key to Sustainable Competitiveness" Dr. Okhrimenko began by asking a set of confronting questions, addressing the challenges retailers face when trying to sell diamonds to consumers, and, not less important, how develop repeat customers and sell them diamonds again and again.
So How Much Do We Spend on Jewelry and Watches?
21 may 2019
(edahngolan.com) - Here’s a question to ponder: How much does the average US household spend on jewelry and watches per year? Does this spending differ by age group and, if so, by how much? Knowing how much different demographic groups spend can be very valuable to a business. With all its recent trials and issues, the US is by far the largest economy in the world. Individual states such as California and New York have bigger economies than some of the biggest countries in the world – bigger than some super powers and OECD member countries. So, it is no surprise that the US is the largest jewelry and watch consumer market.
The Gem Lab That Refuses to Grade Synthetics
20 may 2019
(diamonds.net) - The LFG in Paris has taken a stand against man-made diamonds. Its director, Aurélien Delaunay, explains why.
