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
Rough diamond imports continue to fall for fifth consecutive month
08 october 2018
(timesofindia.indiatimes.com) - (indiatimes.com) - All is not well for diamond workers in the world's largest diamond cutting and polishing centre in Surat. Since April, import of rough diamonds is continuously falling raising concerns about the future of workers in the industry. According to latest data of Gems and Jewellery Export Promotion Council (GJEPC), import of rough diamonds has declined by 7 per cent to $ US 7.16 billion from $ US 7.69 billion year earlier. In volume terms, imports fell by 9 per cent from 75.33 million carats in April-August 2017 to 66.24 million carats in the same period this year.
The Tariff War Is On, and Some Jewelers May Be Affected
05 october 2018
(jckonline.com) - (jckonline.com) - The Trump administration is slapping tariffs on $200 billion of Chinese products, and some items used by jewelers will be affected. While most finished jewelry products will not receive levies, the following jewelry-related items will be hit with tariffs: wooden jewelry boxes, rough diamonds, glass beads, glass imitation pearls, sterling silver tableware, nonelectrical jewelers’ balances, silversmiths’ wares, goldsmiths’ wares, precious metal bullion and scrap. It’s also possible that certain jewelry that contains leather could receive levies.
Diamond Jewelry Sales Up, But Keep The Salt Cellar Handy
03 october 2018
(idexonline.com) - Russian diamond miner ALROSA this week distributed a media statement saying that sales of jewelry increased in all of the world's key regions, except for India, in the second quarter. The average global growth rate, according to the miner, was 5% higher than during the same period last year. Its report follows the publication last week of the De Beers Diamond Insight Report which stated that global diamond jewelry sales in 2017 reached a new record high of US$82 billion, with the Millennial and Gen Z generations combined accounting for two-thirds of diamond jewelry demand.
Diamond market continues to open up as confidence in the luxury commodity grows
02 october 2018
(worldfinance.com) - Diamonds have traditionally been seen as the riskier alternative to gold as an asset for investors. But as the market begins to open up, this could be about to change. Once viewed as a risky market, many now view diamonds as a stable investment. The value of rough diamonds has increased by more than 30 percent over the past decade.
South Africa’s diamond dogs: why our diamond miners struggle
01 october 2018
(miningmx.com) - In 2016, the value of diamonds bought in the US retail market topped $40bn for the first time as more prosperous consumers returned to the luxury goods market. In the same year, 134 million carats of diamonds were mined, 20% less than the peak of 176 million carats mined in 2005. Canaccord Genuity forecasts only 101 million carats will be mined in 2030. The demand and supply imbalance suggests this should be a good market for investors. Yet for many, it has proven extremely disappointing, for several reasons.
