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
Analysts predict a big holiday quarter for Apple Watch, affecting the entire jewelry industry
16 october 2018
(9to5mac.com) - As several reports have suggested, Apple Watch is eating into the traditional watch business. Now, analysts are predicting that demand for the Apple Watch this holiday season will eat at sales in the already-slowing traditional watch industry. As noted by MarketWatch, Citizen’s Bank explains that by charging more for its “essential tech products,” Apple is taking a larger share of discretionary spending in general. This year more than past years, Citizens Bank expects the jewelry industry to take a hit from this due to the new Apple Watch.
Government Supportive Of Indian G&J Industry But National Needs Come First
15 october 2018
(idexonline.com) - The Indian government's decision to raise the import duty on cut and polished diamonds, semi-processed stones, half cut or broken diamonds and lab-grown stones and processed colored gemstones to 7.5 percent from 5 percent was exactly the type of news the industry on sub-continent could do without. The government said the move was aimed at attempting to reduce India's current account deficit. And, to be fair, the other items on the list were of the everyday variety which made defending a hike on customs tax for precious stones difficult a tough gig. The list included, for example, air-conditioners, refrigerators, washing machines, footwear, furniture fittings and tableware.
Kenya showing potential to be gem hub of Africa
12 october 2018
(miningreview.com) - This exclusive interview with Antony Zagoritis, chief executive officer, Lapigems in Kenya looks at the potential for gemstones in the sector. At the upcoming Kenya Mining Forum, he is part of a panel discussion in the session on “Upgrading Kenya’s ASM sectors human capital, while glazing the upgrades of Kenyan gemstones.” “We are at a crossroads. Kenya has the potential to bestow upon itself the mantle of the Gem Hub of Africa. No African country has yet done this.”
Are Diamonds a Good Investment?
11 october 2018
(sendcockpit.com) - The topic of buying diamonds as an investment has recently become a commonly debated issue. A fixed price per gram, such as the universal world price for an ounce of gold, for example, does not exist for any diamonds, whether colourless diamonds or Natural Fancy Coloured Diamonds. Each stone is unique, and no two stones are exactly the same. A diamond’s value is determined by several factors, the best known being the 4Cs: Carat, Colour, Clarity and Cut. Even the smallest differences can have an enormous impact on price. The term “investment diamonds” is used more and more often; however, because diamonds yield neither interest nor dividends, they are not a typical investment. Supply and demand also affect the price of diamonds, so although diamond prices are stable over a long period, a drop in demand can cause prices to fall. For rare colours like pink, blue, green or red, prices have increased significantly for stones of all sizes. In recent years, record-breaking prices have been paid for larger stones in these colours at the famous Sotheby’s and Christie’s auctions. Despite these record prices, however, caution is still advised because often times, those high prices were paid by professional traders who specialize in the sale of such stones. In addition, several “important” stones recently failed to attract buyers at auction.
As Lab-Grown Diamonds Boom, What’s Happened to the Pioneers?
10 october 2018
(jckonline.com) - If lab-grown diamonds are enjoying more industry acceptance, that’s in part because of the two companies that pioneered the concept: Apollo Diamond and Gemesis. Today, both companies operate under different names—Apollo is now Scio, and Gemesis is called Pure Grown Diamonds (PGD). Two of the driving forces between Apollo and Gemesis—Robert Linares and Carter Clarke, respectively—are no longer with those companies. Yet just as the companies’ long-sought goal of market acceptance of lab-grown diamonds appears to be coming true, they face very different issues.
