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
July 2018 Market Report: A Summer Slowdown
10 august 2018
(ehudlaniado.com) - As diamond centers across the globe enter the summer slowdown, the market was characterized by limited activity and steady-to-declining demand. De Beers and ALROSA released their half year figures showing rising rough diamond prices and changes in production.
Diamond Groups Upset About FTC Guides Changes
09 august 2018
(jckonline.com) - Traditional diamond organizations said they were disappointed at the Federal Trade Commission’s (FTC) overhaul of its Jewelry Guides—even as man-made diamond companies cheered. In its latest revision, announced last week, the FTC made a number of changes to its traditional guidance regarding both lab-grown diamonds and diamonds in general. It removed the word natural from the definition of a diamond; allowed new descriptors for lab-grown gems as long as they clearly describe the product as not mined; said that implying lab-grown stones are not real could be deceptive; deleted the word synthetic from its list of approved lab-grown descriptors; and okayed the previously forbidden word gemstone to describe man-made stones.
A Tale of Two Millennials: India and China
08 august 2018
(jingdaily.com) - (jingdaily.com) - Today’s 1.8 billion millennial population, the 22 to 37-year-olds just reaching their peak spending bracket, makes up the world’s most powerful consumer group. They are the core business of most of the world’s companies; they dictate the design and marketing of most products and services worldwide. Millennials in China (415 million) and India (440 million) make up 47 percent of the world’s millennial population, and together, they’ll be the leading authors of our 21st-century narrative. However, despite their similarities, India and China’s millennials have evolved in markedly different ways, and there are key differences between the two markets. Chinese millennials, for instance, have larger average disposable incomes, but other distinctions also set them apart.
Technology Helping the Diamond Sector March to a More Secure Future
07 august 2018
(idexonline.com) - If there is any doubt that the global diamond industry cannot avoid adopting a technological approach in order to survive in the future, three news items this week joined the many others in the past several years in showing that this is a false approach. Interestingly – but perhaps not surprisingly given its ‘Start-up Nation’ reputation – two of the news pieces relate to Israeli companies.
Lab-Grown Line Won’t Hurt Low-End Goods, De Beers Says
06 august 2018
(jckonline.com) - De Beers doesn’t feel its new Lightbox lab-grown diamond line will hurt the market for the inexpensive diamonds commonly used in fashion jewelry, CEO Bruce Cleaver (pictured) tells JCK. “I have heard that talk, largely out of India,” Cleaver says. “My view is, a large percentage of small goods go into all sorts of products, like watches. I don’t really see a one carat blue or pink really competing with melee. I see it competing with moissanite and lower-value ruby and emerald. So I don’t think there is a cannibalization there.” Of course, Lightbox, which will sell its first jewelry pieces online in September, will offer whites as well, but Cleaver believes consumers will gravitate to the blues and pinks.
