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
Will green diamonds become a China investor’s best friend?
05 december 2018
(scmp.com) - Green diamonds – exceedingly rare, and, at least for now, cheaper than other coloured diamonds – are beginning to catch on with Asian collectors and investors. Since 2014, only 13 lots of green diamonds have made their way into Bonhams auctions – eight of which sold in Hong Kong. Diamonds in the “fancy colour” family are priced according to the vividness and purity of their colour. A pure green diamond can sell for upwards of US$1 million per carat at auction. Or even more.
De Beers, Botswana to renew vows
04 december 2018
(thepatriot.co.bw) - The longest and undoubtedly colossal business deal between Botswana Government and diamond selling giant, De Beers Group of companies, continues to flourish as the two parties start the re-negotiation of a new diamond sales agreement. The current sales agreement cemented in 2011 ends in 2021 and the two bodies are scheduled to start working on the terms for the new agreement soon. Speaking at the Diamond Conference, President Mokgweetsi Masisi enthusiastically highlighted that the two, Botswana Government and De Beers Group, will ‘renew their vows’. By this, the president was referring to the 10 year sales agreement that ends in two years.
Diamond jewellery sales facing never-seen-before challenge in luxury stakes
03 december 2018
(miningmx.com) - Diamond jewellery sales should grow between 2% and 3% in 2018 owing to high consumer confidence in the US and the emergence of a firm underpin in China, but a shift in attitudes towards jewellery would challenge the diamond market as never before.
De Beers detects “signs of improvement” for smaller stone demand post-Diwali
30 november 2018
(miningmx.com) - Demand for smaller, lower quality diamonds was beginning to improve, said De Beers which reported sales for its ninth site or cycle of the year of $440m – described by group CEO, Bruce Cleaver, as within expectations. “As the industry’s focus turns towards the key end of year retail selling season, rough diamond sales continued to be in line with expectation during the ninth cycle of the year,” said Cleaver in a statement to the Johannesburg Stock Exchange. “While demand for smaller, lower quality rough diamonds continues to see some challenges, the latest cycle saw some signs of improvement in this area as factories in India begin to reopen after Diwali,” he said.
Everything Changes, Some Things Stay the Same
29 november 2018
(diamonds.net) - The diamond and jewelry trade tends to be reactive rather than proactive. That was clear during the recent conference season, with the World Federation of Diamond Bourses (WFDB), the International Diamond Manufacturers Association (IDMA), the World Jewellery Confederation (CIBJO) and the World Diamond Council (WDC) all holding their annual meetings in October.
