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
Rolex rumoured to be considering buying Patek Philippe
13 february 2019
(usa.watchpro.com) - At the risk of propagating fake news based on nothing more than gossip at SIHH, WatchPro cannot resist sharing the gossip that a well-placed Swiss banking analyst thinks that Patek Philippe is up for sale. The industry has had 24 hours to come up with concrete evidence of the news since Bloomberg broke the story, but the only additional speculation that seems to be gaining currency is that the best buyer for Patek Philippe would be Rolex. Whether it is this reasonably obvious suitability for a marriage that has seen Rolex inserted into the story (which may be groundless in the first place), or whether it has any basis in truth is pure speculation.
Recession threat has retailers thinking twice about big decisions
12 february 2019
(cnbc.com) - What does the U.S. economy have in store for retailers in 2019? For many, it looks to be a waiting game. Businesses are waiting for economic data and holiday-quarter earnings to come out before they make decisions on how much and where to invest. They're waiting to see if the economy is slipping into a recession. Waiting to see if global trade tensions rise or ease. And waiting to see if consumers pull back on discretionary spending should their tax refunds shrink. And while these companies wait, some are seemingly holding off on big investments.
De Beers to spend R30m on diamond exploration this year
11 february 2019
(miningweekly.com) - De Beers Consolidated Mines (DBCM) will spend R30-million on greenfield diamond exploration in South Africa this year, DBCM MD Phillip Barton told Mining Weekly Online on the sidelines of the Investing in African Mining Indaba. This follows DBCM being granted 32 exploration licences across a number of South African provinces.
Crypto Firms Bet on Diamond Opportunities
08 february 2019
(diamonds.net) - Somewhere between the volatility of cryptocurrencies and the stability of diamond prices lies an opportunity for investors. That is, at least, what several new initiatives to create diamond-backed crypto-coins are betting on. In fact, developers of these coins, or “tokens,” are confident the asset class will offer a solution to challenges facing both the crypto market and the diamond trade.
Burberry’s Weird Chinese New Year Tribute Stirs Controversy
07 february 2019
(jingdaily.com) - How creepy can a luxury brand’s tribute to Chinese New Year be? Burberry’s latest campaign has attracted a blitz of criticism on social media from Chinese netizens who liken the images to scary Asian horror movies. “Obviously, this is not about Chinese New Year,” sniped one, noting its downbeat tone, while another wrote, “such weird family portraits, it gives me goosebumps.” For some critics, the campaign, meant to celebrate China’s most revered holiday, is just another bad taste, tone-deaf instance of Western luxury brands completely missing the point in China.
