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
One lakh Surat diamond workers may lose jobs
30 october 2018
(economictimes.indiatimes.com) - Nearly one in five people engaged in India’s diamond industry may become jobless in the next six months as the increase in import duty on cut and polished diamonds has led to the business of recutting and redesigning shifting to competitors such as China and Thailand, said senior executives.
A delicate work of jewelry art: Will it be possible to take control over the market of fake diamonds?
29 october 2018
(pro.rbc.ru) - Synthetic diamonds, which quietly creeped into the jewelry market several years ago, have now become a terrible headache for the industry, because it is not easy to distinguish a real diamond from a fake one. RBC Industries tried to guess what will help this market.
De Beers’ Lightbox Brand: Early Reviews and Future Plans
26 october 2018
(jckonline.com) - De Beers’ first announcement of its lab-grown diamond line set the jewelry world on fire. But last week Lightbox Jewelry debuted, and the world still seems mostly the same. The most-talked-about offering—the pendant with the 1 ct. white center stone for $900 (with mounting)—was, at press time, sold out. And while chief marketing officer Sally Morrison says early demand has been healthy, she admits it’s possible that a lot of the initial orders, particularly in the first two days, may have come from curious jewelry folk.
Richemont Could Buy Buccellati, Report Says
25 october 2018
(jckonline.com) - (jckonline.com) - Richemont is looking into buying Italian jeweler Buccellati, an unexpected turn given its current owner purchased it just a little more than a year ago, according to a Reuters report quoting Italian newspaper Corriere della Sera‘s supplement L’Economia. Another entity that has expressed interest in a possible purchase is Mayhoola, an investment fund linked to the Qatari royal family that frequently invests in luxury brands, the report said. If the brand is sold, it would be the 99-year-old jeweler’s third owner in the last three years.
Brexit and the UK trade in rough diamonds: letter
24 october 2018
(gov.uk) - Dear traders, you will be aware that the UK is leaving the European Union (EU) on 29 March 2019. As this will have implications on the UK’s participation in the Kimberley Process Certification Scheme (KPCS) and therefore the UK trade in rough diamonds, I thought I should inform you about what you will need to do to prepare yourself for trading internationally in rough diamonds once we leave the EU.
