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
GEM and Lucara tipped to shine as diamond shares struggle with headwinds
06 february 2019
(miningmx.com) - Diamond equities may be in for a rough ride in 2019, according to a report by Canaccord Genuity analyst, Des Kilalea, who identified a number of headwinds in 2019, including the decline of diamonds in jewellery – a threat that required a unified marketing response from the diamond industry. This was one of just several factors working against the sector notwithstanding a paucity of new run-of-mine production which would provide some support to rough diamond pricing.
3 Marketing Gurus on Strategies for Selling Luxury to China in 2019
05 february 2019
(jingdaily.com) - As China’s economy continues to decelerate, strategies that once worked so well for “one of the biggest forces in global luxury spending: Chinese consumers,” as identified in a 2017 McKinsey & Company report, may have run their course. In this new and subdued climate, luxury goods brands must consider shifting strategies.
Could Tiffany & Co. tip the scales in favor of a more transparent diamond industry?
04 february 2019
(fashionista.com) - When Tiffany & Co. announced earlier this month that it planned to start telling its customers exactly where their diamonds come from, it was couched in the bold claim that the company would be sparking a "new era of diamond transparency" by doing so. "Tiffany believes that knowing provenance" — i.e. where diamonds are sourced — "is critical to ensuring its diamonds are among the most responsibly sourced in the world," the brand said in a release. So is Tiffany & Co. really poised to usher in a new era of transparency in the world of fine jewelry?
Polished Diamond Price Index: Year Ends With Mixed Results
01 february 2019
(ehudlaniado.com) - Prices of smaller goods, below one carat, continued to rise in December after increasing in November, responding to rising demand in the consumer market. Larger goods, however, which suffered from price declines in November, experienced a long-awaited revival, rising 1-1.5% in December, according to the Mercury Diamond Global Tracker™ (MDGT™). The MDGT™ index averaged 109.45 in December 2018. Polished diamond price increases are a typical cyclical trend in November and December, as holiday season purchases drive demand. This year, as in the 2017 holiday season, consumers made their diamond jewelry purchases very late in the season. November was marked by limited demand, with a pick-up taking place only in the last two weeks of December. This past year, just like the holiday season, suffered from sputtering demand, extreme price sensitivity, and very focused demand for a relatively limited range of goods.
Zimbabwe: Soldiers Loot Diamond Ore in Marange During the Internet Blackout
31 january 2019
(allafrica.com) - In Marange, 15 ZNA soldiers armed with AK 47 rifles and accompanied by a syndicate of 30 illegal diamond miners besieged Zimbabwe Consolidated Diamond Company (ZCDC) portal B at Mbada Hills and an area nicknamed Reserve Bank of Zimbabwe (RBZ) because of its rich diamond deposits around 12 midnight on 15 January 2019 and looted diamond ore that had been stockpiled there. The menacing soldiers held ZCDC guards on duty at gun point and tied their dogs together before setting their panning syndicate to fill up diamond ore in their sacks.
