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
Chinese Group Paid $108.8 Million for 80 Percent of IGI
28 september 2018
(jckonline.com) - Shanghai Yuyuan Tourist Mart, a division of Shanghai-based Fosun Group, paid $108.8 million to purchase 80 percent of grading lab International Gemological Institute (IGI), according to a company filing.
Mercury Polished Diamond Prices: Prices Stable in August
27 september 2018
(ehudlaniado.com) - After the July declines, polished diamond prices were flat in August. The Mercury Diamond Global Tracker™ (MDGT™) averaged 113.85 in August 2018, up 0.03% over July. This is not unusual behavior for prices in August, a period of limited activity between polished diamond wholesalers. Polished trade is generally very limited, as traders are on their summer vacations. Historically, prices fluctuate very mildly in August, and at times are unchanged. MDGT™ fluctuated in the first six months of the year. Prices were up in January and February, declined in March, rose again in April and May, then hit the recent mixed activity in June, which was followed by a decline in July and up by a minute 0.03% in August, despite the ongoing decline in trading activity. While the flat performance of the index is seasonal, it reflects diamond traders’ desire not to rock the boat. They are hesitant about the market, feeling that they lost momentum after the strong performance in the first few months of the year. Now they need to find their footing again. That usually happens at the Hong Kong show in mid-September. Then they tend to raise prices and gauge the market’s reaction. If demand is strong, they keep the higher prices. If, however, buyers show resistance and buy limited quantities, prices start to decline until the right balance is found.
TAG Heuer Releases $180,000 Smartwatch, World’s Most Expensive
26 september 2018
(jckonline.com) - In 2015, Apple caused a stir when it released its smartwatch in an 18k gold edition for $17,000. Now, TAG Heuer has topped that—by 10 times. Its newest creation, the TAG Heuer Connected Modular 45, comes with a white 18 k gold case and is bathed in 589 baguette-cut diamonds, including 78 on the bezel, 16 on the horn, and 495 on the strap, for a total weight of 23.35 cts.
The Jewelry Industry's Design Dilemma
25 september 2018
(forbes.com) - Here’s a simple rule about market value to consider: If all the products in the market are essentially the same, then the only thing any customer will care about is price. Once customers only care about price, the market starts bleeding value. What is left after this occurs? Simply the sum of the parts; in this case, the market value of the gemstones and precious metals. After that, returning the market to a state of added value is extremely painful, if not impossible.
Banks Keep Walking Away and We Must Learn the Lesson
24 september 2018
(ehudlaniado.com) - The Indian market is in the headlines again. This time, because of news in the Indian press that a consortium of lenders to a large diamond firm decided to file an insolvency case against it. A few days later, more banking and lending-related news came out that cast a heavy shadow over the Indian diamond hub.
