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
Marange Critical to Zimbabwe Reforms, Group Says
26 december 2018
(diamonds.net) - Global Witness is calling for improved transparency in Zimbabwe’s diamond sector, pitching it as a test case for the new president’s economic reforms. “The new government’s handling of the Marange diamond industry will be a clear indication of whether its commitments to economic reform and anti-corruption go beyond lip service,” Sophia Pickles, campaign leader for the organization, said in early December. Zimbabwe recently indicated that it will allow certain companies to explore and mine diamonds in the country, and that it would explore the possibility of allowing foreign majority ownership.
Brooklyn Teenagers Build Multi-Million Dollar Jewelry Business In Four Years
25 december 2018
(forbes.com) - Working out of their home, Brooklyn brother and sister Adina and Mayer Kamkhatchi have built a multi-million dollar jewelry company – Adina’s Jewels – in four years, starting with $1,000 in seed money.
Following a Period of Volatility, the Global Diamond Industry Regains Its Lustre With 2 Percent Growth in 2017
24 december 2018
(globenewswire.com) - The global diamond industry emerged stronger in 2017 with 2 percent growth across all segments of the value chain, following a period of high volatility. In line with positive luxury market trends, global diamond jewelry sales grew last year, fueled by strong macroeconomic fundamentals in the U.S., resurging demand from Chinese millennials, and increasing sales in the self-purchasing category in China. This healthy demand led to an unprecedented jump of nearly 20 percent in diamond production volume last year and supported a 2 percent increase in cutting and polishing revenue, putting the segment on positive ground. These are the findings from the eighth annual report on the global diamond industry prepared by the Antwerp World Diamond Centre (AWDC) and Bain & Company.
Drop the batteries—diamonds and lasers could power your drone
21 december 2018
(wired.com) - Drones have arrived in US airspace, and now they are multiplying. By 2022, 700,000 of the little unmanned aircraft could be exploring American skies, according to the FAA, delivering packages, monitoring traffic, inspecting bridges, and filling other yet to be discovered niches. To do that work, every last one will need electricity to spin its rotors and run its sensors. Most will get it from batteries they take with them to work. Some might pull from the grid directly, using tethers. And, if a Swiss company has its way, some could stay aloft thanks to some help from diamonds.
The Millennial Market That Many Jewelers Are Missing
20 december 2018
(jckonline.com) - Asian-American and Hispanic millennials are a growing force in the luxury goods market, though jewelers have been slow to recognize the increasing importance of this demographic, according to a new report by MVI Marketing. We started realizing about six months ago that this is the biggest shopping bloc within luxury goods for most American brands,” says MVI Marketing CEO Marty Hurwitz. “These consumers are living in our most expensive cities, they are attending top universities, they are buying premium real estate. Some luxury brands are not aware of this demographic. Most jewelry brands are not. Yet this is the growth demographic for luxury goods.”
