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
The Top 8 Trends That Shaped the Luxury Industry of 2018 in China
23 january 2019
(jingdaily.com) - (Jing Daily) - The luxury industry in China moves fast. Aside from normal challenges like fickle customer tastes, 2018 saw new tax laws, growing consumer debt, and an unprecedented trade war in China, all of which had Western brands scrambling to make adjustments. But despite the doom and gloom, some marketing ideas and brand collaborations led to positive gains this year, and breakthrough technology is likely to help certain companies continue to dominate the luxury market in 2019 and beyond. Here, Jing Daily offers our year-end look at the 8 (traditionally a lucky number in China) top trends of the year.
For The Retailer, It’s All About Making The Sale
22 january 2019
(idexonline.com) - A recent Memo article in which I told the story of a friend of mine buying a piece of diamond jewelry in Los Angeles for his wife, having been enticed into the store by a 75% discount poster in its window, led former industry analyst Ken Gassman to make some very valid and important points.
Diamond Sector Outlook – Entering a growth and disruption phase
21 january 2019
(insights.abnamro.nl) - In this publication: The diamond industry has moved from a relatively stable environment to a highly uncertain environment. 2018 was the year that De Beers launched its lab-grown diamond jewellery. 2019 and the years ahead will see lab-grown diamonds for jewellery entering the growth phase. This has serious consequences for the actors in the diamond industry. Natural diamond buyers such as retailers, consumers and jewellery manufacturers) will likely de-stock and hold less inventory. This will result in lower demand for natural diamonds and weigh on prices. Miners will rethink their strategy in light of uncertainty about natural diamond demand, and questions about the value of a diamond. Lab-grown diamond producers will probably focus on technology to become less energy dependent, or use more sustainable energy sources, to increase the product suite and lower prices for the lab-grown diamonds used in jewellery. Consumers will profit from the wider variety of diamonds at more attractive prices.
Banks forcing diamond merchants to formalise post-Nirav Modi
18 january 2019
(tribuneindia.com) - State Bank of India's new credit policy under which gem and jewellery merchants with loans of Rs 50 crore and above are required to incorporate themselves has left several medium diamond merchants reeling. The country's biggest public sector bank which accounts for a bulk of loans to the diamond cutting and polishing sector has set a deadline of December 2019 for the incorporation process to be completed. Those in the trade fear that incorporation of their companies would require them to open up their books for inspection by auditors and various government agencies and would subject them to harassment.
Natural Diamonds are the Natural Choice
17 january 2019
(jewellermagazine.com) - No product, as shiny and sparkly as it may be, can take the place of a natural diamond. Boaz Moldawsky explains why synthetic stones are banned by the Israel Diamond Exchange.
