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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
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...
Yesterday
Diamond Market – Rapid Growth in Jewelry Sector Propelled the Usage of Diamonds in Asia Pacific for 2018
27 february 2019
(worldanalytics24.com) - Diamond is the most concentrated form of pure crystalline carbon in nature and has the properties of highest hardness and thermal conductivity. These are the most durable, expensive, and rarest mineral found across the globe. Diamonds are used in multiple industrial applications such as polishing tools and cutting. It has gained popularity across the globe for its beauty as a gemstone. The major producers of diamond across the globe are the Central & Southern Africa countries, Russia, Australia, Canada, and Botswana. Diamonds are attractive among end-users for its usage in the industrial and fashion sector. Moreover, it is found to be popular among consumers as it is considered to be the most precious ornament. Diamonds are used to make jewelry which has high demand during weddings, and on special occasions. They are also used as a fashion statement. Revenue growth of rough diamonds is largely attributed to increased production by smaller players.
Now, synthetic diamonds are Surat's best friend
26 february 2019
(nationaljeweler.com) - The onslaught by synthetic diamonds has remained a real threat to Surat’s famed industry. Incidentally, the same cheap lab-grown diamonds, are now helping the city’s cutting and polishing units to stay afloat in the times of crisis.
The Last Diamond Unearthed: The Countdown is On!
25 february 2019
(fcresearch.org) - By the time your grandchildren buy their first diamond, most mines will have reached the end of their life cycle and most diamonds will be sourced from the second-hand market. These circumstances will make the pre-owned diamond arena the largest “mine” in the world.
Duffy to be supported by “seasoned miners”, says Petra’s Dippenaar as makes final bow
22 february 2019
(miningmx.com) - Outgoing Petra Diamonds CEO, Johan Dippenaar, who will leave the company at the end of March after more than 12 years in the job, has no immediate plans other than spending time with his family, he said in an interview on Monday. Duffy, who was most recently involved in a renewable energy start-up, does not have the same in-depth knowledge of the diamond sector as Dippenaar. However, Dippenaar said Duffy would be supported by a strong CFO and COO, both of whom are “… seasoned diamond miners and marketers”, as well as by chairman, Adonis Pouroulis.
Signet Jewelers Fined $11M Over In-Store Credit Cards
21 february 2019
(nationaljeweler.com) - Signet Jewelers has agreed to pay $11 million in fines after its in-store credit practices caught the eye of regulatory agencies, though the jewelry giant has not admitted to any wrongdoing. Sterling Jewelers, the unit comprised of Kay Jewelers and Jared the Galleria of Jewelers along with a few regional brands, has been ordered to pay $10 million to the U.S. Consumer Financial Protection Bureau and $1 million to the office of New York Attorney General Letitia James. James accused the company of pushing employees to sign customers up for in-store credit cards by setting sign-up quotas and linking the number of customers signing up to employees’ performance reviews and compensation.
