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
Van Cleef and Cartier Are The RealReal’s Top Resale Jewelry Brands
16 january 2019
(jckonline.com) - Pre-owned luxury retailer The RealReal recently released its annual Holiday Resale Report, which details the brands that best held their original retail value (and therefore may be the best investments) on the site over the previous year. In jewelry, Van Cleef & Arpels held its value better than any other brand—for the second year in a row. Pieces from the the maison’s Alhambra collection were most popular; on average, they retailed for 74 percent of their original price.
Can China’s Debt-Ridden Youth Continue to Prop Up Luxury’s Future?
15 january 2019
(jingdaily.com) - Luxury brands’ “Great Chinese Dream” is largely dependent upon China’s millennial and Gen-Z shoppers, who Bain & Company estimated would account for 46 percent of luxury purchases in the market by 2025. But what if this promising outlook is partially fueled by debt? A recent survey from HSBC shows that the debt-to-income ratio of China’s post-’90s generation (typically refers to individuals born between 1990 and 1995) has reached a staggering 1,850 percent. Meanwhile, the average amount of debt this group owes to a variety of lending and credit-issuing institutions is over $17,433 (RMB 120,000).
Don't Poke the Bear!
14 january 2019
(jewellermagazine.com) - The first text came in at 3:43am Las Vegas time. It was a press release from De Beers announcing the launch of Lightbox Jewelry, the company’s new collection of synthetic diamonds. The irony is so thick in that I was at Newark airport fewer than 24 hours earlier, where someone who works for one of the laboratory-grown companies was telling me they now own 200 reactors and that business was great. The discussion motivated me to become more knowledgeable about what synthetic diamonds actually cost to grow and I had been researching the costs. How expensive is a reactor? What are their growth rates and labour costs? I concluded that the cost to produce these goods is far below what the current sellers are claiming. In fact, my friend at the airport told me the cost of their laboratory-grown crystals was twice what it cost them for mined diamonds.
Predicting a Synthetic Future
11 january 2019
(jewellermagazine.com) - There is more than meets the eye behind De Beer’s move into lab-grown diamonds says GARRY HOLLOWAY. Indeed some of the early ramifications have been ‘unintended’, or were they?
Engineering powerhouse dazzles on diamond delivery
10 january 2019
(miningreview.com) - Mining and metals engineering powerhouse Fluor, through its South African office, has consistently undertaken at least one major diamond project across the project scope spectrum every year since 2008 – a true reflection that Fluor South Africa is a leading expert in diamond mining in the region. The company is now in the process of finalising a solution for Gem Diamonds’ Letšeng mine in Lesotho which will greatly improve the mine’s operating efficiency and diamond recovery, Fluor technical process manager Etienne Bredell tells Laura Cornish.
