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
The 4th Industrial Revolution: How Mining Companies Are Using AI, Machine Learning And Robots
14 september 2018
(forbes.com) - In an industry such as mining where improving efficiency and productivity is crucial to profitability, even small improvements in yields, speed and efficiency can make an extraordinary impact. Mining companies basically produce interchangeable commodities. The mining industry employs a modest amount of individuals—just 670,000 Americans are employed in the quarrying, mining and extraction sector—but it indirectly impacts nearly every other industry since it provides the raw materials for virtually every other aspect of the economy. It's already been 10 years since the British/Australian mining company Rio Tinto began to use fully autonomous haul trucks, but they haven’t stopped there. Here are just a few ways Rio Tinto and other mining companies are preparing for the 4th industrial revolutions by creating intelligent mining operations.
India to overtake US as second biggest market for fine jewellery by end of 2018
13 september 2018
(bmmagazine.co.uk) - India set to overtake US as the second biggest fine jewellery market in the world by the end of 2018 new research finds. China remains the biggest market for fine jewellery with sales reaching USD $86.3billion by the end of 2017, and expected to reach USD$92billion by the end of this year. Overall Chinese market has grown by over 21 per cent in the last five years. According to Euromonitor International, the Indian fine jewellery market will be worth USD $62.8bn, $4billion more than US retail spend which will reach $58.6bn, by the end of 2018.
Proprietary Cuts: Their Own Brand of Trouble
12 september 2018
(diamonds.net) - Creating and launching a proprietary cut is difficult for almost any diamantaire. The costs can be prohibitively high, even for larger companies. In addition, the weak prices of non-round goods mean there’s no guarantee the venture will boost profits.
UK Jewelry Body Eyes Role as Trade Police
11 september 2018
(diamonds.net) - The UK’s National Association of Jewellers (NAJ) is seeking an upgraded status that would enable it to police the industry on issues such as lab-grown diamonds following cuts to public funding. The group is in talks to become a “primary authority,” granting it the right to regulate participating members, thereby freeing up local governments to focus on non-members. The association would be able to issue guidelines that a regional standards agency has approved, and enforce them by ejecting those who fail to comply, Simon Forrester, the NAJ’s CEO, told Rapaport News.
The US Jewelry Market Is Much Smaller Than You Think
10 september 2018
(edahngolan.com) - Anyone who has ever done a back-of-the-envelope calculation of the US fine jewelry market in the past few years arrived at figures that were far below the official numbers published by the US government. The differences were so wide that the government figures were downright puzzling. Recently, the US government has revised ten years of market estimates, dating all the way back to January 2008, shaving off more than $16.5 billion in jewelry sales in 2017 alone. There is no need to be surprised at the revision, or by this radical reduction. The US government revises its jewelry figures every few years, usually downwards. The last time it did so was in 2015. But unlike the 2015 revision, this one was far-reaching. There is no point being shocked by the old figures for being so out of whack. We have been stating that for a few years. In fact, the current figures are still somewhat inflated.
