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
How Will China’s New Online Video Censorship Affect Luxury Brands?
20 february 2019
(jingdaily.com) - It’s difficult enough for foreign brands to produce successful marketing campaigns in China – there’s a long list of brands that have stumbled and/or caused offense in the country. Now, with the Chinese government’s new guidelines for censoring short videos on popular social apps like Douyin and Kuaishou, luxury brands may have to re-evaluate their marketing content.
The Jewelry Industry Shrank Again in 2018
19 february 2019
(jckonline.com) - The traditional jewelry industry continued to consolidate in 2018, with 1,064 North American jewelry companies discontinuing operations last year, though the number of companies entering the business rose nearly 30 percent, according to the annual statistics compiled by the Jewelers Board of Trade (JBT). The 1,064 discontinuances break down to 893 retail jewelers (852 in the United States, 41 in Canada); 106 wholesalers (100, United States; 6, Canada); and 65 manufacturers (61 in the United States; 4 in Canada.) The catchall term discontinuances encompasses companies that ceased operations, merged or were acquired, or filed for bankruptcy. The numbers are almost on par with those logged in 2017, when 886 North American jewelry companies ceased operations.
4 New Questions for the Lab-Grown Diamond Market
18 february 2019
(jckonline.com) - A few weeks back, the founder of Plasmability told me the lab-grown diamond business is in a “Wild West” phase. It sure feels like it. There are good businesses in the sector. But far too many are nontransparent, make unsubstantiated claims, and violate environmental marketing standards, like the Federal Trade Commission’s Green Guides. And we still see the typical, sometimes deliberate, fuzziness about the difference between synthetics and simulants. As lab-grown diamonds become more accepted by the industry and the public—Meghan Markle reportedly sported a pair—companies that sell and produce them will need to conform to standard norms and practices, and perhaps consider issues they hadn’t before. So here are four questions I believe the lab diamond industry will have to reckon with as it matures. A few of them I would never have considered prior to the recent boom.
Kay, Zales, and Jared are hurting after sluggish holiday sales — and it may be the latest sign that millennials are turning the diamond business upside down
15 february 2019
(businessinsider.com) - Diamonds aren't necessarily millennials' best friends. At the very least, the jewelry-shopping habits of young people are a world away from that of their parents' precious-gem preferences. And that may be part of the reason it was a rough holiday season for the jewelry retailers Kay, Zales, and Jared.
Huge Diamonds Capture Headlines But Don't Fill Clients' Demands
14 february 2019
(idexonline.com) - It would be interesting to witness the reactions of senior De Beers' management past and present when news is announced of a major diamond find at a mine that it sold off at some point in the past. The thought occurred to me this week after Gem Diamonds said it had found a 125-carat rough stone at the Letseng mine in the mountains of land-locked Lesotho. In an extraordinary run of finds, the stone was the 15th rough diamond weighing more than 100 carats that Gem Diamonds found in 2018.
