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
Scientists Solve Mystery Of How Rare Blue Diamonds Are Formed
17 august 2018
(techtimes.com) - A team of scientists analyzes 46 blue diamonds to trace how deep in the earth do they come from and how exactly do they get their precious color. Blue diamonds or type IIb diamonds are particularly rare. The scientists said barely one-hundredth of 1 percent of all diamonds in the world makes it to the cut of being classified as type IIb diamonds.
The Iceberg of Diamonds and Climate Change
16 august 2018
(yams.news) - One of my favorite quotes is by the Greek philosopher Heraclitus who said that “Change is the only constant in life.” Wikipedia states that “Heraclitus was famous for his insistence on ever-present change as being the fundamental essence of the universe…” Some 2500 years later, this philosopher’s pearls of wisdom are still fresh and applicable, also to the diamond, gem and jewellery industry and trade in which many of my blog’s readers make, or try to make, a living in.
Hong Kong Retailers See Flourishing Sales, But US-China Trade War Likely to Have Impact
15 august 2018
(idexonline.com) - Retailers in Hong Kong, the critical pathway to the vital diamond and jewelry market in mainland China, have been seeing excellent figures since the start of this year after a year or more where store sales dropped alarmingly. The retail industry has enjoyed double-digit growth in the first half of this year, according to recently released government figures, and stores believe the second half of the year will also be a success. There are, however, two possible flies in the ointment: the continuously escalating US-China trade war and a weakening yuan which could cause mainland China shoppers to scale back their purchases.
The Great Roller Coaster Ride of Diamond Prices
14 august 2018
(ehudlaniado.com) - That prices of materials fluctuate is no surprise to anyone or news, for that matter. Every material, especially a commodity, is affected by market forces of many types and sources, which jointly impact prices. Diamonds are no exception; they are affected by the same and similar forces.
Replenishing Economic Diamond Resources, A Daunting Task for Miners
13 august 2018
(paulzimnisky.com) - Given that most of the high-economic diamond deposits in the world have already been put into production, diluted via expansion, or depleted, going forward the economics of diamond mines will inevitably gravitate towards higher-cost, lower-value operations. Miners are left with a fairly limited decision to replenish their declining resource bases by either discovering or buying greenfield1 projects or expanding their existing legacy mines, thereby elongating the life of mine but typically at lower-quality economics.
