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
3 Real Challenges Artificial Intelligence Will Raise for Luxury Brands
14 november 2018
(jingdaily.com) - Like it or not, artificial intelligence (AI) is going to take over the luxury industry, and some brands are already using AI in some of their new digital marketing campaigns. Brands need to anticipate this revolution and adapt their strategies as soon as possible, because the industry will crown winners and losers as quickly as the technology grows. But AI is not simply a yellow brick road to financial success. There will be some key challenges for companies wanting to use AI, specifically ones that threaten the way they’ve been doing business for decades.
Diamond Foundry’s New Contest Dangles the Perfect Proposal
13 november 2018
(jckonline.com) - Lab-grown diamond manufacturer Diamond Foundry has announced a contest that gives couples a chance to win a proposal worth up to $25,000—complete with a Diamond Foundry engagement ring. The “Perfect Proposal” contest, which launched Aug. 13 and wraps up Aug. 31, invites U.S. residents to submit stories about how they met their significant other, what they love about them, and how they plan to propose. The winner will design their own bespoke ring, worth up to $15,000, using the Diamond Foundry 3D Design Studio. Then, a team of producers will bring the proposal idea to life, “whether it’s a hot-air balloon over Niagara Falls or a float in their local parade,” valued up to $10,000, according to a company statement. That prize includes flights, hotels, space rentals, equipment, etc. Additionally, the winning couple will be gifted with an original illustration by renowned artist Alessandra Olanow and have their personal love story written by best-selling romance author Sylvia Day—two very cool and unique prizes.
October 2018 Market Report
12 november 2018
(ehudlaniado.com) - A slowdown in trade in most diamond centers is having an impact on prices of many items. The market is suffering from an oversupply of small goods that is having an effect on financing, rough diamond purchases and, of course, prices as the market is heading to Diwali.
De Beers eyes tech markets for synthetic diamonds future
09 november 2018
(finance.yahoo.com) - Anglo American unit De Beers is going after lucrative, but elusive high-tech markets in quantum computing, as it aims to expand its lab-grown diamond business beyond drilling and cutting. Element Six, De Beers' synthetic diamond arm, is building a $94 million factory in Portland, Oregon, an expansion that comes as scientists from Moscow to London push to develop diamonds for futuristic applications.
Petra net debt rises but Dippenaar claims firm on track for 2019 free cash flow
08 november 2018
(miningmx.com) - Petra Diamonds said it was on course to generate free cash flow in 2019 following production and sales numbers for the first quarter of its financial year in which revenue was 22% higher at $80.2m from 626,541 carats sold.
