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
Why diamond miners are wary of the Markle sparkle
09 april 2019
(ft.com) - In her first official engagement of the year Meghan Markle wore a pair of diamond earrings that were notable not for their sparkle but for their origin: made in a lab rather than mined from the earth. The jewellery came from Antwerp-based Kimai, which promises chemically identical diamonds “without the social and environmental impact” of those produced by men and machinery.
Mining firms must reveal waste dump safety records, say investors
08 april 2019
(theguardian.com) - A group of investors controlling more than $10tn in assets has written to the world’s largest mining companies demanding they reveal the safety records of their waste dumps after the collapse of the Brumadinho dam in Brazil in January, which killed hundreds of people. The dam, owned by the Brazilian mining firm Vale, was used to store tailings, the unwanted byproducts of an iron ore mine. It failed, releasing 11.7m cubic metres of mud that swamped nearby buildings. It is believed the collapse killed about 300 people. FTSE 100 mining companies Anglo American, Antofagasta, BHP Group, Glencore and Rio Tinto have all received the letters, which give them 45 days to publicly disclose their dams’ size, construction methods and safety records.
Cool Earth theory sheds more light on diamonds
06 april 2019
(sciencedaily.com) - A Queensland University of Technology geologist has published a new theory on the thermal evolution of Earth billions of years ago that explains why diamonds have formed as precious gemstones rather than just lumps of common graphite.
Household net worth falls by largest amount since the Great Recession, new Fed data shows
05 april 2019
(washingtonpost.com) - Total household net worth in the fourth quarter of 2018 dropped by the largest amount since the fourth quarter of 2008 when the country was amid a steep recession, according to data released by the Federal Reserve. Total household net worth is a measure of the assets — such as homes, stocks and bank accounts — owned by American families and nonprofits minus their debts. In the fourth quarter of 2018, it fell by about $3.7 trillion, a 3.5 percent quarterly decline. Going back to 1952, the start of the Fed’s data, only three quarters — the third and fourth quarters of 2008, and the second quarter of 1962 — posted bigger declines in household net worth, percentage-wise.
FTC Sends Warning Letters to Companies Regarding Diamond Ad Disclosures
04 april 2019
(ftc.gov) - Federal Trade Commission staff sent eight letters to jewelry marketers warning them that some of their online advertisements of jewelry made with simulated or laboratory-created diamonds may deceive consumers, in violation of the FTC Act. The letters note that in July 2018, the FTC issued updated Guides for the Jewelry, Precious Metals, and Pewter Industries that provide marketers with information on how to make non-deceptive representations about jewelry and related products, including mined, lab-created, and simulated diamonds. Failure to follow the Guides, the staff warns, may result in enforcement actions if the FTC determines the companies engaged in unfair or deceptive acts or practices. Such actions could result in civil penalties if the company engaged in practices knowing that the Commission has already deemed them deceptive in earlier litigation.
