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
State diamond miner adopts electronic trading system
23 october 2018
(herald.co.zw) - Zimbabwean gems from State diamond mining entity, the Zimbabwe Consolidated Diamond Company (ZCDC), will now be sold through an electronic trading system to improve efficiency in line with international best practice. Speaking at the launch of the electronic trading system which was developed by ZCDC and handed over to the State minerals marketing arm, the Minerals Marketing Corporation of Zimbabwe (MMCZ), Mines and Mining Development Minister Winston Chitando said the system was a big step towards getting real value for Zimbabwean diamonds.
Diamond trade must reform in face of threat from synthetic stones: U.S.
22 october 2018
(reuters.com) - (Reuters) - The diamond trade must confront its tarnished image and revamp its certification scheme or risk seeing increasingly demanding consumers spurn natural stones in favor of cheaper synthetic diamonds, a senior U.S. official said. Bloody African civil wars in the 1990s prompted diamond companies, governments and rights groups to come together to set up the Kimberley Process to prevent the sale of so-called “blood diamonds” from funding conflicts. But the body only considers conflict stones to be those whose sales fund armed groups seeking to overthrow legitimate governments, a definition that does not cover a wide range of human rights and labor abuses. Efforts to broaden the scope of the scheme have been stymied for a decade, civil society groups say, by member states including China, Russia and a number of African nations. “(Consumers) probably think they’re getting anything from a green standard to a human rights standard to a high labor standard, and in fact none of that is really conveyed by the Kimberley Process,” Pamela Fierst-Walsh told Reuters on Monday (October 1, 2018). Fierst-Walsh - senior advisor on conflict minerals for the United States, the world’s top consumer of diamonds - spoke as Kimberley Process members weigh reforms ahead of a meeting in Brussels in November.
Will Lab-Grown Diamonds Replace the Real Thing?
19 october 2018
(barrons.com) - As De Beers Group, the world’s leading diamond mining and retail company, moves into “synthetic” diamonds, a question that naturally arises is: Will laboratory-grown diamonds overtake the real thing?
Diamonds Are Doing Good – Not Just In Mining Communities
18 october 2018
(idexonline.com) - Several articles stood out for me this week. Not because they were earth-shattering or involved huge amounts of money. In fact, quite the opposite: modest announcements that taken together show that the diamond industry's heart is definitely in the right place.
Mercury Polished Diamond Prices: Prices Fall in September
17 october 2018
(ehudlaniado.com) - Polished diamond prices declined sharply in September, eroding all the gains made during the year. The Mercury Diamond Global Tracker™ averaged 111.74 in September 2018, down 1.85% over August. This is the deepest monthly price decline since May 2015, when prices plunged more than 4%. Polished diamond trade was very limited during the month due to a series of Jewish and Hindu holidays.
